How to buy NFTs in Solana?

The growing popularity of fungal tokens (NFTs) has led to problems, such as transaction fees and congestion in an Ethereum-based ecosystem dominated by. The quota factor serves as the main deterrent to anyone who wants to execute blockchain transactions.

A report released by Reuters revealed that NFT’s sales volume was $ 24.9 billion in 2021, well over $ 94.9 million in 2020. The number of portfolios traded on the NFT rose to 28.6 million, from 545,000 in 2020. Recently, Bored Ape invented its NFTs, the gas quota rose to $ 3,300 to see how much the costs were on Ethereum (ETH).

Solana (SOL) has emerged as a major challenge in Ethereum, and performs surprisingly better in two key metrics, speed and transaction cost, thanks to an innovative history proofing (PoH) mechanism, along with a participatory proofing (PoS) protocol. -space.

In this article, we will discuss the advantages of Solanan over other blockchains and markets, as well as how to buy Solanan NFTs.

Solana advantage

This blockchain compares to block time (0.4 seconds) and block size (20,000 transactions) compared to Ethereum (block time: 13 seconds, block size: 70 transactions), allowing the network to have an incredibly low rate of gas per transaction. Only 0.00025.

The advent of solutions like Solana allows buyers to buy NFTs with a negligible transaction fee or with few congestion issues. This almost means that Solana or SOL NFTs are easier than Ethereum.

In the second half of 2021, the price of Solana NFT began to rise. An NFT Degenerate Ape sold for about $ 1.1 million in September 2021, making it the first $ 1 million NFT sale on the Solana network. In October 2021, a Solana Monkey was sold for $ 2 million.

Solana’s NFT Markets

If you are wondering where to buy Solana NFTs, the markets are the answer. All NFT-related functions are performed in specific markets, such as leasing, buying, selling, and trading. This is very similar to traditional cryptocurrencies, which are managed through cryptocurrency exchanges and wallets. OpenSea is Ethereum’s most popular NFT market.

SolSea, Solanart and DigitalEyes are the three major markets that support Solana NFTs. SolSea allows creators to choose and insert their own licenses while inventing NFTs. At Solanart, you can find, collect, and exchange NFTs. DigitalEyes is a popular platform that brings together collections like Solana Monkey Business and Frakt.

How to buy Solana NFTs

Busy thinking about how to buy and sell Solana NFTs? Purchasing Solanan NFTs involves a few steps as follows:

Get a Solana wallet

The first step is to get a Solana-based wallet. The two most popular wallets are SolFlare and Phantom. Advanced users can use Sollet, an open source portfolio. Each of these NFT markets has charges, fees, and requirements that you need to consider. Therefore, you need to do some proper research before committing to your funds.

Create a new wallet in the selected solution and connect to the selected Solana market. The marketplace website will guide you through the process.

One important thing to remember, don’t try to do anything on Solana with Metamask, a popular Ethereum wallet, or else your SOL will disappear forever since MetaMask doesn’t know SOL tokens. Phantom is a Metamask on the Solana Network.

Get SOL coins

You must use SOL cryptocurrency on Solana NFT platforms just as you use ETH Ethereum-based markets. SOL coins are on sale at various exchanges. The normal process involves connecting your trusted account to the exchange, moving funds, and purchasing the required amount of SOL. You need to get this SOL out of your wallet address.

To be safe, take out just what you need to buy NFT. For example, if an NFT for SOL 15 is available, you can get that exact amount along with the transaction fee. Alternatively, you can exchange your stable coins with SOL in exchange and take the coin to your wallet address.

Develop a strategy

When it comes to investing in NFT, there is no one-size-fits-all strategy. Depending on your goals, you need to create your own. Collections are required, as well as artwork, achievements, and other assets associated with famous characters, as they help fans feel connected to them. For anyone interested in gaming, there are plenty of NFT sports stars or gaming memorabilia to make you feel euphoric and earn revenue.

While buyers are putting their funds into profit, they may also prefer to make sure your investments match your interests. Anyone who likes to play will definitely want an NFT straight from a popular game, probably an NFT award. And if you like to spend time in metaverse, you might like to spend some time together.

Finding what’s hot in the solana markets will help you focus on the pieces that will get the most traction. If you are not very familiar with the NFT world, this will help you to feel the NFT world.

Buy your NFTs

Whatever platform you choose, you can see the latest or most fashionable NFTs. Review as many collections as you can before making a decision. If you want to keep your costs low, enter this criterion when searching for the best Solana NFT filter.

Click on NFT and go to the available section. Keep the NFT owner, price, and wallet on top of the offer you make after the connection is made.

Solanart, the most stable in the NFT network market, takes about 20 seconds from start to finish and less than half a dollar in transaction fees. The price history of all collections is available in the market. Solana’s NFT markets may still be a long way from OpenSea, which has been around since 2017, but they are getting it soon.

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In most wallets, you will find the Buy button that you need to click on. The wallet will generally require purchase approval. It will also show you the amount of money you spend and the transaction fee you will pay. Once you have accepted and made the purchase, you can view it in the appropriate section. The phantom wallet, for example, is transferred to the Collection section.

The process is fairly straightforward and you should have no problem completing the transaction after transferring the SOL to your wallet. The popularity of Solana platforms is that they are easy to use for a growing reason.

coming days

The NFT revolution has just begun and there are still miles to go. As ecosystems progress, more markets will emerge. We can safely say that these markets will be better than the current range. User interfaces will be more intuitive and a wider range of features will be available, improving the user experience.

As the Solana community grows over time, the number of NFT buyers will also grow, giving a boost to your NFT value growth potential. Make sure you only buy each SOL NFT after you think about it properly and you should be fine.

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