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Solana

21 articles

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Web3

Paxos Gets a Go Ahead to Expand Into Solana

The stablecoin issuer, Paxos, has received approval from a New York regulator to expand its stablecoin issuing service into the Solana Blockchain. Previously, the firm was only limited to the Ethereum blockchain. Quick Take: Paxos will now launch its USDP stablecoin on the Solana blockchain. The projected date of launch is January 17, 2024. Even

Afroz Ahmad

News

Magic Eden Adopts Solana’s Compressed NFTs

Magin Eden, the distinguished NFT marketplace, recently announced its venture into Solana’s compressed NFTs. The venture promises to be a budget-friendly and scalable path for digital collectibles. Quick Takes: Magic Eden Compressed NFTs The renowned NFT marketplace Magic Eden has announced its integration with Solana’s compressed NFTs. Moreover, these cNFTs differ from traditional NFTs as

Anvi Saini

Web3

Solana NFT Trading and Transaction Volumes Present Positivity

It’s finally time for ardent Solana supporters to wear smiles on their faces. Throughout recent weeks, Solana NFT trading volumes and transactions have shown a notable upswing. The blockchain network’s native token has also witnessed an impressive surge in price over the past 24 hours. Quick Takes: Uncovering Solana’s Rise When diving into the weeds

Leah Waters

News

Mad Lads Tricks Schemers into Splurging $250K on Fake NFTs

The Mad Lads NFT project tricks scammers by selling $250K fake NFTs, to give genuine collectors a better chance to acquire the assets. Quick Takes: How Mad Lads Outsmarts Bots The Mad Lads project has been living up to its name. The team behind the Solana-based collectibles has been tricking schemers into spending around $250K

Leah Waters

News

$37M of Y00ts NFTs Move from Solana to Polygon in 24 Hours

Y00ts NFTs are currently one of the most notable Web3 projects to transition to another blockchain. Most holders are backing the project’s change of heart, with 77% of y00ts non-fungible tokens (NFTs) migrating from Solana to Polygon since bridging on Monday. A new initiative for DeGods is just a little behind. Quick Takes: About Y00ts Migration from Solana In December,

Leah Waters

News

NFT Enthusiasts Can Now Purchase Bitcoin NFTs with Solana

In a rare instance, the non-fungible token (NFT) project Meerkat Millionaire Country Club (MMCC) has made it possible for all users to purchase Bitcoin NFTs using Solana. Consequently, the Solana project grants 100% of royalties to community members, permitting the acquisition of Bitcoin Ordinals without the need for Bitcoin transactions. Quick Takes: Pioneering Buying Bitcoin

Leah Waters

News

NFT Marketplace Raises $4.7M⁠—Shuts Down Shortly Afterward

Solana marketplace specializing in state-of-the-art, single-edition NFTs, Formfunction, raised almost $5M in funding last year. Many would see this as an excellent start to success. Unfortunately, however, the company today announced its closure. Quick Takes: Why Formfunction Bites the Dust After launching in February 2022, Formfunction secured $4.7M in seed funding the following month. Variant

Leah Waters

News

Magic Eden’s ’Mint Madness’ Offers Free NFT Mints

Well-know marketplace previously famous for its Solana NFTs, Magic Eden (ME), recently introduced a major gaming event. ”Mint Madness” is granting free non-fungible token (NFT) mints over a dozen Web3 games – all month long. Quick Takes: Notable Advantages of ’Mint Madness’ Distributed among Solana, Ethereum, and Polygon, ME is facilitating 13 free Web3 games

Leah Waters

News

NFT Market Rebounds: Sales Surge to $945M in January

NFT sales have hit an all-time high since the bear market of June 2022, with a remarkable 42% surge in the past month The NFT market has started strong in 2023. Last month, sales of such digital assets totaled more than $945 million in January alone — a 42% increase from December 2022. Quick Take:

Leah Waters

News

DeLabs Received $3M to take Y00ts Collection to Polygon

It was recently announced that popular Solana NFT project, Y00ts, had moved to Polygon. Now, with the latest news and details, it was announced that Y00ts’ owners, DeLabs, received $3 million to do so from Polygon directly. Quick Take: The Initial Move to Polygon for Y00ts A couple of weeks ago, it was announced that

Ross Wardrop

Guides

The Most Memorable NFT Moments of 2022

As we come to the end of the year, there have been several memorable NFT moments of 2022 that have left a lasting impression As the year comes to a close, what better way to reflect than to look back on notable NFT moments of 2022? From the rise of pop culture-inspired apes and gas

Leah Waters

News

Magic Eden Rewards SOL Traders With Discounts and Free NFTs

To boost Solana following a decline in sales, Magic Eden is working toward selling more of its #1 token by offering SOL traders free NFTs and discounts Magic Eden has been on a roll recently. Last month, the marketplace launched a Hackathon with a million-dollar prize pool. Then, added Polygon NFTs to its hub of digital

Leah Waters

Guides

Coral Cube – Pros and Cons of Solana’s NFT Aggregator

Coral Cube gets users questioning whether or not its more essential to support curator rights or save money on royalty fees Being one of the fastest, most reliable non-fungible token (NFT) aggregators on the Solana (SOL) blockchain, CoralCube is a go-to platform for many SOL NFT lovers—and even more so since Magic Eden started dipping its fingers

Leah Waters

News

Google Cloud is Now a Solana Validator

Google announced on Saturday that its cloud computing subsidiary, Google Cloud, is running a validator on the Solana blockchain. The company will be introducing tools to support node operators and Solana developers in the near future. Quick Take: Solana (SOL) shares rose 15% after the breaking of the news and were trading at $36.80. The

Anvi Saini

Guides

Why Do NFTs Hold Their Value?

NFTs hold their value for numerous reasons related to social media status, bonus content, community access, free merchandise, exclusive prizes and more First and foremost, it’s vital to understand that non-fungible tokens (NFTs) are much more than digital art and JPEG images. Rather, thanks to the tokens tracking ownership, the value of these digital assets

Leah Waters

News

Twitter Backs NFTs with Impressive New Integrated Trading Tools

After Elon Musk officially took over Twitter, the site’s development team announced that NFT Tweet Tiles will soon be available. Quick Take: Twitter reveals NFT trading tools that allow collectors to showcase NFTs and link to a participating marketplace with a single Tweet. Twitter launched the useful new service with four top marketplaces. The platform is

Anvi Saini

News

Magic Eden Organizes a $1 million NFT Creator Monetization Hackathon

One of the largest Solana NFT markets, Magic Eden, has launched a Hackathon with a million-dollar prize pool. Quick Take: The Creator Monetization Hackathon is a great chance to create lasting royalty enforcement solutions. Numerous judges have registered for the event. The Magic Eden platform will also enable optional creator royalties for users. The Creator

Anvi Saini

Guides

Top NFT Free Mints in October 2022

Who doesn’t love free NFTs? We’ve compiled a list of all the free mints you should know about that are available this month. Here are the top free NFT mints in October. Avatizer Avatizer is a unique and free generative art collection based on Ethereum. The team is currently giving away 999 NFTs for free.

Ty Smith

News

Solana NFTs Will Join OpenSea in April

Solana NFTs will soon become the fourth blockchain on OpenSea OpenSea released a short teaser video on Twitter, revealing Solana NFTs will be joining the marketplace. Since January, many developers have been aware of the high-performance blockchain joining the marketplace due to OpenSea’s web code readily supporting Solana digital wallets. Thus, the word has been

Leah Waters