In our most approved installment of ‘Blue Chip NFTs 101,’ we’re taking a dive into non-Ethereum chain NFTs; we’ll be working our potential by strategy of high 10 blockchains and their wonderful NFT projects, all whereas peaceable highlighting necessary valuable projects that are on Ethereum.
In our first share in the sequence, we lined the outstanding upward push of ‘Moonbirds,’ the most popular NFT project that has seemingly skyrocketed to blue chip online page virtually overnight. Let’s get rid of a search at
The Fundamentals: Solana’s NFT Reputation
Solana has had it’s elegant a part of critics in most approved years – the chain has had intervals of intermittent downtime, and it be consistently criticized as carrying extra centralized qualities relative to similar and competing chains. The goal of this write-up isn’t to mediate the character of the chain, but rather to hone in on one in every of the wonderful NFT projects in the ecosystem. We’ll lag away a deep dive of Solana’s blockchain structure for some other day, as a consequence of one thing leaves dinky questioning – Solana become an early mover in being an Ethereum competitor that provided an NFT ecosystem with affordable gasoline prices.
At fresh standing, the hot trending topic in Solana NFTs is certainly Okay Bears – a extra most approved PFP NFT project that has gained traction because the Solana ecosystem has grown.
DeGods: Recent Standing
DeGods have far and away the wonderful floor worth in the Solana NFT ecosystem, consistently commanding north of 200 SOL whereas automatically asserting a high 5 plight in day to day quantity. The 10,000 mint project has a market cap that encompasses virtually 20% of the whole Solana NFT market cap, in accordance with info from Solana NFT aggregator Hyperspace.
DeGods has a dinky extra of a ‘legacy’ standing in the Solana ecosystem, but as with every early mover, it will probably probably maybe well maybe be advanced to defend the standing as challengers emerge. The wonderful challenger in most approved weeks has certainly been Okay Bears, which had been the face of Solana on communities love NFT Twitter, and has blown away Solana quantity during the last week with over $40M worth of Okay Bears being sold and sold. DeGods no doubt have a higher ceiling, but having less than 10% of that quantity over the same timeframe means that Okay Bears might well well maybe be gunning for the tip plight because the Solana panorama continues to develop.
Solana (SOL) would not have the legacy standing in NFTs that Ethereum has, but the blockchain has seemingly secured the #2 plight in the case of NFT communities. | Supply: SOL-USD on TradingView.com
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Recent Buzz: A Predominant Acquisition
What’s DeGods doing to cement it’s positioning as a Solana ‘blue chip’? It’s more straightforward acknowledged than performed, but the DeGods staff only in the near past made a splash and made some headlines by meting out roughly $625,000 for a crew acquisition in Ice Cube’s ‘BIG3’ basketball league. The league brings 3×3 half-courtroom basketball with a twist, and has consistently hosted ex-NBA athletes and ex-college stars (a couple of of which have even returned to the NBA floor after showing for the BIG3, a la Joe Johnson).
DeGods purchased 25 NFTs of the BIG3’s ‘Killer 3s’ crew at $25,000 a share, in a resolution made by the NFT staff’s DAO gradual last month. Almost equally impactful might well well maybe be the moves that note suit. Launched over the weekend become a identical circulate from song tycoon (and distinguished crypto fan) Snoop Dogg, who teamed up with PayPal co-founder Ken Howery to get rid of 25 NFTs of their very have, this crew for the league crew ‘Bivouac.’ This sponsorship mannequin from the BIG3 is especially abnormal, and the league has unfolded it’s have Ownership Mannequin Twitter page, to boot to a accurate whitepaper outlining how the sponsorship mannequin operates. Crypto and blockchain technology is running rampant by strategy of the BIG3 and DeGods can safely reflect themselves ‘early.’
There’s hundreds extra on the horizon for DeGods as neatly. In a most approved ‘Jabber of the Union‘ address, the crew addressed a local token (and a couple of of the feedback of skepticism around it), occasions, and a accurate clip around the logic in the help of the DAO buying the BIG3 crew.
Itsy-bitsy is disagreeable in the NFT panorama, but DeGods is outwardly neatly-positioned to be a Solana staple with it’s fresh engaged staff and spirited, aggressive plot.
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