Following the huge success of the Bored Ape Yacht Membership NFT assortment on the Ethereum (CRYPTO: ETH) blockchain, a brand new NFT assortment on the competing Solana blockchain known as the Degenerate Ape Academy is rapidly gaining recognition.
What Occurred: The thirteenth rarest Degenerate Ape NFT was bought on Saturday for $1.1 million. The purchaser, London-based blockchain advisory agency Moonrock Capital, made the announcement by way of twitter, paying for the NFT with 5980 of Solana’s SOL tokens. Different Degenerate Apes within the assortment have gross sales costs of as much as $1.7 million, in accordance with a report from Decrypt.
One other Solana-based NFT assortment known as SolPenguins, seems similar to the Ethereum-based Pudgy Penguin assortment. Though SolPenguins are way more reasonably priced, with a ground value of $281 or 1.6 SOL.
Why It Issues: SOL is now the sixth greatest cryptocurrency by market cap, and as expensive Ethereum fuel costs trigger some tasks to search for different blockchain platforms, Solana might change into an more and more interesting choice.
Celebrities have begun to point out their curiosity in Solana NFTs. TV persona Steve Harvey modified his Twitter profile photograph to a Solana Monkey Enterprise NFT, which is one other NFT challenge on the blockchain, final Thursday.
Photograph: Courtesy of degenape.academy
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