Solana NFT sells for $2.1 million, breaking previous network record
October 1, 2021, 6:11PM EDT
1 min read
An NFT from SolanaMonkeyBusiness, a collection of 5,000 NFTs minted on the Solana blockchain, just sold an NFT for 13,027 SOL (~$2.1 million) — making it the most expensive Solana-based NFT to date.
The SolMonkey in question is #1355. It’s the rarest NFT in the collection, according to the NFT rarity tool HowRare.Is, complete with a skeleton body (2.42% of SolMonkeys have this trait), an orange jacket (1.06%) and a bejeweled crown (0.02%).
The first Solana-based NFT to sell for over $1 million occurred just three weeks ago, providing further evidence that the Ethereum blockchain is losing its dominion over NFTs.
Record high transaction fees have plagued the Ethereum blockchain since May of this year, The Block’s data dashboard shows.
These market conditions have pushed users into alternative blockchains such as Solana. It’s native token SOL experienced all-time highs in early August and surpassed $1 billion market capitalization on October 1.
The Block Research was commissioned by Forte to create “Blockchain-Based Gaming: A Primer” which provides a comprehensive introduction to how blockchain technology is being employed in video gaming experiences.
“It’s a global development.” On this episode of The Scoop, 10T Founder and CEO Dan Tapiero joined host Frank Chaparro to discuss his insights into the globalization of crypto markets and how his macro investing strategy has seen his fund 10T pour hundreds of millions into crypto unicorns. To date, Tapiero has already allocated the […]
The U.S. Securities and Exchange Commission is said to be allowing the first Bitcoin futures exchange-traded fund (ETF), per a Bloomberg report. The publication said in a report on Thursday night that the U.S. regulator “isn’t likely to block the products from starting to trade next week,” citing people familiar with the matter. The report […]