How to Create A Solana NFT Marketplace in no Time?

Posted by Angeline Geo
6
May 31, 2022
202 Views

NFTs are all the rage in the blockchain space. NFTs, or non-fungible tokens, are blockchain-linked digital assets encompassing the ownership details of anything - from text to music, picture to video, and much more. Emerging from it is a potential business model in the Solana NFT marketplace that persuades patrons and potential investors. 


Why Solana - and not Ethereum?


Ethereum is one of the widely-used blockchain networks in the NFT space since the start of 2021. However, recently, Solana seems to be dominating in the per-day NFT sales volume, as per data from CryptoSlam. Also, the sales volume witnessed a considerable month-on-month increase, from April to May in 2022. The total transaction volume has gone to an all-time high since August 2021.


Numbers bolster Solana’s underlying benefits, don’t they? The focus on scalability at Solana aims to provide developers with the infrastructure and bandwidth they need to help their decentralized goods and services gain global popularity. Both the administrators and traders of these platforms are rewarded by Solana. As a result, many people plan to create their own Solana NFT Marketplace platform with the most current features.


Benefits of Scaling Your Marketplace on Solana


Entrepreneurs, investors, and content creators are flocking to Solana to establish NFTs and build marketplaces to make NFT trading easier. In addition, the Solana NFT standard and minting provisions provide developers with as much flexibility as they want. Let's look at some of the advantages a Solana NFT marketplace can provide for your venture:


  • No mempool issue - no such unconfirmed or pending transactions in the Solana network.

  • Interoperability

  • High transaction speeds, etc.


What Should I Do Now?


NFT is gaining popularity around the world. Research the platform's features and types before understanding how to develop NFT Marketplace. You increase your chances of winning by creating a one-of-a-kind platform that NFT enthusiasts will appreciate. 


Hire your technology partner (aka) Solana NFT marketplace development company to proceed.

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