Solana NFT sells for $2.1 million, breaking previous network record

An NFT from SolanaMonkeyBusiness, a collection of 5,000 NFTs minted on the Solana blockchain, just sold an NFT for 13,027 SOL (~$2.1 million) — making it the most expensive Solana-based NFT to date.

The SolMonkey in question is #1355. It’s the rarest NFT in the collection, according to the NFT rarity tool HowRare.Is, complete with a skeleton body (2.42% of SolMonkeys have this trait), an orange jacket (1.06%) and a bejeweled crown (0.02%).

The first Solana-based NFT to sell for over $1 million occurred just three weeks ago, providing further evidence that the Ethereum blockchain is losing its dominion over NFTs.

Record high transaction fees have plagued the Ethereum blockchain since May of this year.

These market conditions have pushed users into alternative blockchains such as Solana. It’s native token SOL experienced all-time highs in early August and surpassed $1 billion market capitalization on October 1.

About Openshop

OpenShop helps people achieve independence by making it easier to start, run, and grow a business. We believe the future of NFT-commerce has more voices, not fewer, so we’re reducing the barriers to business ownership to make NFT-commerce better for everyone. Learn more about OpenShop.

Website : https://openshop.xyz

Twitter : https://twitter.com/openshopxyz

Telegram : https://t.me/openshopxyz

Medium : https://openshop.medium.com

--

--

--

Where NFT-commerce thrives. Built on #Solana.

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

Key differences between trading and holding

Everything You Need to Know About Ethereum 2.0

How Memdrop plans to collaborate with the creative industry

What is Giant.Exchange

Big Cheds AMA Recap

Hiding in Plain Sight: Bitcoin Demand on the Rise — August 5th Update

New Strategic Partner of Breach: AlphaCoin Fund Joins our Journey.

Why Banano Is Better Than Other Meme Coins

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Openshop

Openshop

Where NFT-commerce thrives. Built on #Solana.

More from Medium

High Roller Hippo Clique: Why it Can Top the Gambling NFT Niche (The Mafia Report)

Are you new in SOLANA NFTs?

How to buy NFT on Polygon guide

Why you should pay attention to GameFi?