Solana NFTs fall among the most outstanding inventions in the crypto and blockchain industry. Typically, an NFT is simply a token type where only a single token has been minted. To note, non-fungible tokens (NFTs) went mainstream in 2017 on the Ethereum blockchain. However, the issue of scalability and high transaction fees on the Ethereum network remains a major challenge to some crypto and NFT traders.
As a result, NFT lovers desired an alternative blockchain to carry out NFT-related operations like minting, buying, and selling non-fungible tokens. Interestingly, many other blockchains like Solana now support NFTs. Solana blockchain is one of the most popular smart contract blockchains in the space due to its sort-after features. The blockchain labeled by some as an ‘Ethereum-killer” is designed to tackle both scalability and high gas fees problems.
Hence, Solana’s high throughput and low transaction fees make it a perfect fit for NFTs of all genres, shapes, and sizes. In effect, NFT developers and traders now resort to the blockchain for building and trading, as it is a good alternative.
Top 9 Marketplaces For Solana NFTs
Following the support for NFTs on the Solana blockchain, several NFT marketplaces have been developed on Solana for users to utilize. An NFT marketplace is a platform where you can mint and also trade various non-fungible tokens. On the other hand, choosing the most suitable marketplaces for trading your Solana NFTs could be a daunting task.
Therefore, this article brings to you the nine (9) top platforms to mint, buy and/or sell Solana NFTs. Factors supporting the selection of these marketplaces include transaction fees, tools available, mint statistics, community strength, etc.
1. Magic Eden
Magic Eden is one of the top and newest NFT marketplaces built on the Solana blockchain. The community-centric platform is regarded as the home to the next generation of digital creators.
The platform allows creators to list their NFTs with a 0% listing fee and only a 2% transaction fee. Also, users can easily flip NFTs on the platform using supported wallets. More so, creators can apply to be featured on Magic Eden’s Launchpad.
Launchpad is the marketplace’s exclusive minting platform. It helps creators mint their collections without any technical know-how. Looking at numbers, Magic Eden records over 10,000,000 unique monthly visitors with over 7,000 popular NFT collections.
In addition, the Magic Eden marketplace has a vast gallery of more than a thousand Solana NFTs or artworks. The marketplace focuses largely on the gaming industry.
This is an open-source Solana-powered platform consisting of an on-chain program, and a self-hosted front-end web2 application. On Metaplex, users can create, trade, and mint non-fungible tokens. The protocol also allows users to visualize NFTs across wallets and applications.
Metaplex prides itself as the fastest and most affordable NFT ecosystem for marketplaces, games, arts, and collectibles. More so, the platform enables artists and creators to easily launch self-hosted storefronts for Solana NFTs.
Megaplex’s low minting fees, great presentation, and other unique features have made it home to over 100K projects with over 11.5 million Solana NFTs minted. However, you can only access the Metaplex marketplace using the Phantom wallet.
Solanart.io is a well-developed NFT marketplace built on the Solana network. According to Solanart, it is the first and all-in-one preferred NFT marketplace on Solana.
With the use of your preferred SPL wallet, you can browse different collections on Solanart and easily buy and/or sell solana-based NFTs.
The platform helps in supporting digital artists and creators by providing them with a trustless marketplace to showcase their digital goods.
Speaking of transaction fees, Solanart charges a 3% marketplace fee on the selling price of every transaction.
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Here’s another top solana-powered non-fungible token marketplace. It is an open NFT marketplace with an integrated minting feature. Particularly, Opensea enables creators to choose and embed licenses when they mint NFTs.
Among the many unique features Solsea possesses, it supports wallet funding with FTX-Pay and Moonpay. Therefore, users can buy NFTs via fiat currencies either by using any of the above options.
Notably, SolSea is a product of the ALL.ART Protocol and currently supports Phantom, Sollet, Solflare, Slope, Coin98, Torus, and Ledger wallets.
The platform also has NFT compatibility with the new SPL token standard allowing all Solana NFTs minted on the network to be listed. Aside from the 3% marketplace fee charged on every successful NFT sale, there are no other marketplace fees.
This is one of the Solana NFTs marketplaces that makes users’ safety very important, by always providing only verified NFT collections on the platform for users to trade.
For this reason, the first message you see on the platform is a recommendation to buy tokens with ‘Verifeyed’ labels and names only. The DigitalEyes team verifies tokens by constantly checking each NFT against their mint ID.
In addition, the marketplace only charges a service fee of 2.5% for each transaction.
Artz.ai is another truly decentralized Solana NFTs marketplace. Its decentralized nature is achieved by utilizing the Auction House program. Thus, the platform gives NFT owners more control over their digital goods. Importantly, Artz.ai provides a solution to the problem of NFT delisting by ensuring that users’ NFTs do not leave their wallets upon listing.
Listings on the platform are free while the platform takes a 2% commission on successful sales. Notably, the lowest offer price on the marketplace is 0.01 SOL.
Arts.ai is committed to delivering the best services to the community. For this reason, the platform executes activities like rug pull aid, floor sweep, launchpad, charity, and community mint.
Exchange.Art is a leading digital fine art marketplace built on Solana. The platform aims at empowering the creator economy in the digital world. On the platform, artists and creators can effortlessly list their collections using the Creators Portal. Also, users can mint and sell NFTs with a service fee of only 2.5%. Meanwhile, there is no charge for listing.
Supported wallets on Exchange.Art are Phantom, Solflare, Slope, Torus, Ledger, Blocto, and Sollet. The marketplace is also expanding its selection of currencies outside the Solana blockchain.
8. Alpha Art
Alpha Art is a decentralized marketplace owned by the Piggy DAO. It is a marketplace built by the community for the community. The platform provides an environment that gives users emotional experiences when purchasing NFTs.
It is among the youngest marketplaces for Solana NFTs. To attract digital artists and NFT lovers, the platform takes only a 2% transaction fee and does not charge for listing Solana NFTs.
Overall, Alpha.art plans to partner with some of the best Solana-based projects and also integrate them into its marketplace for an enhanced NFT buying experience. Solana wallets like Phantom, Slope, Solflare, Ledger, and Sollet are all supported by Alpha Art.
Here is another NFT marketplace that offers a safe and reliable platform for both creators and collectors.
Solport offers three ways to sell NFTs. First is listing your NFT with a buy it now price. Also, users can accept offers on listed NFTs with a buy it now price. Lastly, users can list NFTs as an auction.
Solport charges sellers a 2% fee for successful transactions. Interestingly, there are no fees for listing, unlisting, or refunding offers.
Related: Does Coinbase Support Solana NFTs
Solana-powered NFT platforms continue to surge in number as more players come into the niche. Therefore, it is incumbent on NFT enthusiasts to carefully study these surplus marketplaces to settle for the safest and most suitable. On the whole, the choice of a marketplace for trading non-fungible tokens varies across NFT traders as users’ preferences differ.