Non-fungible tokens are taking the internet platforms by storm in recent years. This sets the path clear for individuals to start their journey in the NFT space. The NFT marketplaces claim to be the destination for creators to mint and sell their NFTs. These marketplaces are powered by different blockchain technologies to secure and protect digital collectibles. Like any other blockchain technology, the Solana blockchain is also garnering huge applause from people. Here is a blog focusing on developing a Solanart clone that will mark your first step towards setting a mark in the NFT space.
Solanart NFT Marketplace – The Next Biggie In The NFT World
The recent exposure of NFTs is creating big gains for the NFT marketplaces. We could see people actively participating in trading NFTs on these platforms. On the other hand, we also have creators who wish to create a separate path for them in the NFT space. This has raised the traffic in the NFT market. This huge web traffic has resulted in a delay in processing the transactions and other NFT activities.
As a result, the demand for a new blockchain-based NFT platform was raised among the peers. Solana blockchain-supported NFT marketplace came as a blessing in disguise and eliminated all the hurdles that are faced in the former. Solana blockchain enhanced the transaction speed and minimized the gas fee. Solanart is referred to as the first Solana blockchain-supported NFT marketplace where individuals can sell and buy Solana-based NFTs efficiently.
Ethereum’s high gas fee and low transaction process forced entrepreneurs to opt for a different blockchain network. Solana addressed all these prime issues in its NFT marketplace.
How Does A Solanart Like NFT Marketplace Function?
Solanart is the first NFT marketplace to function completely on the Solana blockchain. Solanart is functioning as a full-fledged secondary NFT marketplace for trading Solana NFTs. The recent statistics report also states that about 2,899 daily NFT sales take place on its platform. Since its launch, it has been functioning as a trustworthy platform for traders and creators.
As mentioned earlier, the transactions are processed at a much higher speed when compared to other NFT marketplaces. The NFTs in the Solanart are tagged with native SOL tokens with which the transactions can be carried out because it does not accept other currencies for transactions.
In NFT trading, it is important to integrate a crypto wallet with the platform for carrying out transactions. Solanart extends its hands exclusively to Sollet chrome extension, Sollet wallet, and Phantom. The users can install them in the system and go for the Connect option in the browser to get connected to the platform.
Commission Model Of Solanart Like NFT Marketplace
The Solanart NFT marketplace generates its revenue through various possible ways. Let us explore the different types of the fee collected by the platform,
- The commission fee marks three percent of the selling price of each transaction.
- The creators’ fee is collected from the creators for creating and listing their NFTs on the platform. The fee is determined by the type of creation and sale price of the NFT.
- To prevent the platform from overflowing with advertisements, Solanart charges around 0.02 percent ad fee from them.
The creators and the users have to make sure that they have enough SOL tokens with them before proceeding with the platform. They have to get involved in paying their listing fee and other necessary fees.
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Live Chat With Us Perks Of Launching An NFT Marketplace In Solana Blockchain
Solana has been brought into action as they bridge the gaps left by other predecessors. Now examine the various benefits of launching a Solana supported NFT platform,
High transaction speed – Due to the less congestion in the network, we can assure you a faster transaction than any other model of blockchain.
Termination of middlemen – The Solana-based NFT marketplace functions on a decentralized network where there will be no central authorities. So the transactions are carried out without any third parties.
Native tokens – Solana blockchain operates on a native token called the SOL. The investors can stake in the SOL tokens in the liquidity pool for attaining more rewards and profits.
How To Develop An Exact Replication Of The Solanart Platform?
Post the issues faced by Ethereum, Solana has become the most preferred blockchain network among entrepreneurs. By initiating an NFT marketplace in the Solana blockchain, you can swiftly make an entry into the NFT space. The Solanart clone will be a perfect piece of solution crafted with pre-built features and functionalities to support your journey in the NFT space.
We offer NFT marketplace development supported by the Solana blockchain, which you can adapt to make your debut in the NFT market. We will also support you by developing a multichain Solanart clone which can also be operated on different blockchain networks like Ethereum, Binance Smart Chain, Polygon, and Tron. We also extend our customization authority so that you can personalize the choice of blockchain for your NFT marketplace.
Remarkable Features Of Our Solana Like NFT Marketplace
Our NFT marketplace comes with the following features to support the functionality of the platform. Dive in to know the features of our solution,
Scarcity
Our NFT marketplace is projected with smart contracts that can limit the creation of NFTs after a certain point in time. This will make the NFTs even more valuable to the individuals and creators.
Interoperability
The NFT marketplace has the potential to initiate trading between multiple virtual platforms in order to carry out smooth transactions and store data securely.
Liquidity
The interoperability nature of the NFT platform allows immediate trading with high liquidity for the users. The NFTs can be held as collateral for high liquidity.
NFT listing
The creators can create, mint, and list their NFTs in the platform by giving a brief description along with the selling price. The selling price can be duly fixed by the creators for their NFT collections.
Ratings
The users can record their ratings and feedback for their experience with the creators. Based on their personal experience and transaction with the creators, they can give their feedback on the platform.
Wrap Up
We offer excellent NFT marketplace development services for entrepreneurs to set their foot in the NFT world. With no further delay, get deep into our website to know about us. Get in touch with us to get instant updates about our services and products.
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Marketing is my soul mate and writing is my side kick. Using my writing skills to share the knowledge of app development and upcoming technologies.
