Solanart is one of the largest NFT marketplaces on the Solana network. It also hosts the most popular Solana NFT collections. But before we cover buying and selling NFTs on the Solanart marketplace, first some background on the blockchain it’s based on – Solana.
Founded by Anatoly Yakovenko and Greg Fitzgerald in 2018, Solana allows faster transactions and higher scalability compared to the Ethereum network. Instead of proof of work or proof of stake, Solana uses a new technology called proof of history consensus. This technology brings advantages with respect to blockchain speed and capacity.
The $1.50 average minting cost makes the Solana an ideal choice for all kinds of NFTs. Already over 5.7M NFTs have been created on the Solana blockchain, and the market cap of Solana NFTs is $970M.
Another reason why Solana was adopted by many as the go-to platform for NFT creations is that it builds native NFT creation platforms like Metaplex, which offers a suite of tools that power the distribution of NFTs.
As a natural outcome of the popularity among NFT collections, there are many secondary markets for Solana NFTs, including Solanart. Others include Magic Eden, Solsea, and Digitaleyes.
The Solanart NFT Marketplace
At the time of this writing, per dapp radar’s last 30 days data, Solanart is the tenth-largest NFT marketplace in the whole blockchain ecosystem. The number of unique wallet addresses in the same time frame is over 68K. The average price of an NFT traded on the marketplace is $318.23 and the last 30 days trading volume is $19.31M.
How to buy and sell NFTs on Solanart
For trading NFTs on Solana, you need SOL currency. As of writing this guide, its price is $118.32, and the market cap is over $37B.
You can buy SOL on major cryptocurrency exchanges, including Binance, Coinbase, FTX, KuCoin, and Huobi Global.
After acquiring SOL coins, you must transfer them to a crypto wallet compatible with Solana to start trading on Solanart.
Popular Solanart Wallets
To start using Solanart, download one of these wallet extensions for your browser.
Solanart recommends the use of Phantom. This non-custodial wallet enables storing, buying, sending, receiving, swapping tokens, and also collecting NFTs on the Solana blockchain. It allows fast swaps and low fees. That’s why it’s a very popular Solana wallet. Another advantage of Phantom is that it allows you to see your NFT collections from within the wallet. For additional security, you can connect your hardware wallet.
To install Phantom, follow these steps:
- Go to https://phantom.app/download and choose your browser. For example, for the Google Chrome Phantom extension, click here. Note that there is also a mobile Phantom app for iOS.
- Choose “Create New Wallet”.
- As it’s customary to do with any cryptocurrency non-custodial wallet, store your seed phrase in a secure place.
- Find the phantom icon among the browser’s add-ons and pin it.
After installing your wallet, fund it with SOL. The following video explains, for example, how to transfer them from Binance to Phantom wallet.
Now, head over to Solanart’s homepage. Click “Select Wallet” then “Connect Wallet” and choose your wallet from the drop-down menu.
How to buy NFT on Solanart
Buying an NFT on Solanart is easy. Choose the artwork you’d like to purchase and confirm the pop-up messages in your wallets. Note that there’ll be fees for buying NFTs. See the fee section below.
To explore NFT art on Solanart, you can go to the collections section. You can sort the collections based on their total, weekly, or daily volumes, as well as alphabetically.
Alternatively, you can buy from the most popular Solana collections.
Top NFT Collections on Solanart
A glimpse into the stats tab reveals the top collections on the platform.
Degenerate Ape Academy is a collection of 10,000 generative NFTs. It’s very similar to the iconic Ethereum profile print NFT collections like Bored Ape Yacht Club and Crypto Punks. The initial mint price was 6 SOL. The current floor price is 62 SOL.
You can explore any Solana NFT collection by filtering different attributes. In the case of Solanart Degen Apes, NFTs have attributes like background, fur, head, mouth, clothing, generation, eyewear, and teeth. For example, you can choose to only show Solanart Degen Apes with sushi in their mouths:
You can use howrare.is website to explore the rarity of each Degen Ape. The Ape #7468 with the golden teeth is the rarest and the most valuable Degen Ape. Owning a Degen Ape grants you access to the metaverse of the project Degeniverse and the largest Solana decentralized anonymous organization, Degen DAOO.
The second most popular collection, Aurory Project, is also a generative collection of 10,000 unique NFTs. Actually; it’s not just a collection, but a play-to-earn game. The game story takes place in a village called Neftiville and the Aurorian NFTs serve as players’ avatars. The floor price of Aurorians is 31 SOL.
Having an Aurorian NFT allows you early access to future game releases and makes you eligible for NFT airdrops. In addition, you’ll have the right to join the proposals offered by DAOrory, the project’s DAO. The project is backed by many prominent blockchain investors, like Animoca Brands and Alameda Research.
The third top Solana project, Nyan Heroes is another play-to-earn NFT game. It’s a combination of third-person shooter and role-playing games. According to the gameplay, you can use your Nyan NFTs in fights in four game modes including shooter action, adventure, battle, and guild modes. To start playing the game, you’ll need to own a Nyan Hero. By completing the daily tasks and winning battles, you can earn in-game tokens that you can convert into real-world value. It’s also possible to stake your Nyan NFTs on the project’s native staking platform and collect the project’s in-game token as rewards.
The collection Stylish Studs also includes 10,000 generative art NFTs with over 150 traits categorized into the background, face, outfit, head, and coat. These NFTs grant their owners commercial rights. The team of this NFT project develops a play-to-earn racing game and when it’s ready, Stylish Studs NFTs will also allow early access to the game. The floor price of the project is 5.15 SOL when writing the article.
Another popular NFT project on the Solanart platform is Dazed Ducks. The artwork of the collection was prepared by Guava De Artist. There’re over a million combinations of attributes with four levels of rarities: common, rare, super rare, and legendary. Dazed Duck holders can take part in DAO events and also 80% of project native token DDMC profits are distributed to NFT owners each week.
How to put your NFTs for sale on Solanart
After connecting your wallet, you’ll see the NFTs in your wallet that you can put up for sale. Click on sell, put a description and confirm the pop-up in your message.
If you like to cancel the sale of an NFT, go to the “My NFTs for Sale” section under the Wallet tab. Click on “Show my NFTs for sale”; choose the one you want to cancel. After a few minutes, the transaction will go through.
How to mint your own NFTs on Solanart
Unlike OpenSea where anyone can mint and list their art without a review process, Solanart is a curated platform that offers a limited selection of NFT art. Creators must apply for listing their collections on Solanart by filling out this form and waiting for approval.
Solanart Fees
For every transaction, Solanart takes a 3% marketplace fee on the selling price. There are also creator fees that vary on the collection because creators determine them themselves. This type of fee is given 100% to the creator of the project. For buying and selling NFTs on the platform, make sure your SOL balance is enough to cover all Solanart fees.
Bold Badgers NFT program
Bold Badgers are 10,000 and randomly generated NFTs with more than 170 hand-drawn attributes including fur, background, chin, ears, eye color, mouth, teeth, hat, clothes, eyes, nose, neck, patterns, and accessory. You can check the rarity of bold badgers on the attributes page.
Bold Badgers NFT owners have commercial rights, as well as governance rights. In addition, the team organizes competitions to win prizes for the Badgers owners.
You can acquire Bold Badgers from the secondary marketplace on Solanart. The cheapest badger at the time of writing is 2.18 SOL. Their mint price was 5 SOL.
A very attractive feature of Bold Badgers is that they allow for a reduction of Solanart fees on sales. For this purpose, you should stake Bold Badgers. When staked, each badger is locked for 15 days. Staking one badger NFT brings 33.4% fee reduction while staking 7 badgers equals 66% fee reduction. You can stake up to 20 NFTs which is the maximum number of NFTs to stake in order to completely eliminate the sales fees on Solanart.
Final Words
The development team of Solanart is building the Version 2 of the platform. There’ll be new features and new user experience and user interface designs.
If you like to stay updated on the Solanart news, you can follow the Solanart Twitter account and 94 K Telegram members. If you face technical difficulties, you can look for help, particularly in the Solanart official discord channel. You can also contact the team at team@solanart.io.