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Emerging public chains attack leaders in emerging fields

From being unknown to being popular, it took less than a year for Solana to quickly break through. Through the integration of resources in the capital circle, it attracted 314.15 million US dollars of investment led by a16z to promote the continuous upgrading of the system, especially in the In terms of the layout of popular NFTs, Solana took the initiative to become an important part of this field. With its excellent public chain performance, it launched a fierce attack on Ethereum. Whether it is the Serum project built with SBF in DEX to attract traffic, or gradually in the follow-up Close contact with project parties in popular fields has contributed to the formation of Solana's large-scale matrix in NFT ecological construction.

In September, we published"Where does the fire of Solana come from?" "image description

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Optimization of Solana public chain facilities in terms of speed and rate

It is undeniable that among the rapidly increasing number of NFT ecological participants, there may be "hot gold" speculators, but we should also see the strong attraction of the Solana public chain's own performance to them. At the beginning of its establishment, Solana intended to create a "fourth-generation blockchain". Compared with its predecessor, Ethereum, it has the advantages of being cheap, high TPS, decentralization, and greatly expandable. For the construction of NFT projects, there is not even any cost. All tools are open source and free to developers. Participants can create NFT artworks and build communities for free, which allows both project parties and artists to directly bypass expensive The confidence of the gallery exhibition directly provides a channel and platform for low-threshold participation, and the global expansion tools provided by Solana can meet the development needs of different scale projects, which is the foundation that can be small and beautiful, but also large and comprehensive Facility development platform.

Looking at the composition of NFT projects on Solana, the ecological prototype roughly covers the fundamentals, including NFT Gaming, NFT Social, and NFT Metaplex. Various data show that NFT projects built on the Solana public chain are also constantly creating new achievements. According to data from CryptoSlam, since the beginning of August to the present, the secondary market sales of NFT based on Solana have exceeded 500 million US dollars , During these three months, Solana performed brilliantly in September, creating sales of $189.4 million. Although this is not the same as the $2.2 billion sales of Ethereum in the same month, for Solana, it is already It is a breakthrough new threshold.

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NFT type cuts in from PFP

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(Image source: DappRadar)

Then, in the NFT ecological segmentation track, we have heard of game, artwork, collectibles and other project types, so what is the role of PFP NFT. With the main layout of Solana's NFT ecology, we need to understand the PFP type NFT.

PFP is the abbreviation of profile picture, which is translated into Chinese as personal profile picture, and is a kind of NFT that opens the market with online avatars. Many punk owners, including artists and celebrities such as Jay Z and Steve Aoki, have participated in it, and began to use this punk as their profile picture, and it quickly became popular on social platforms such as Twitter and Telegram, which quickly ignited the PFP-like NFT. Heat, the earliest PFP NFT representative project is BAYC.

Unlike the old project CryptoPunks, except for the superficial features such as skin color, hairstyle and accessories, it cannot capture more narrative and personality expression, and can only be used as an emotionless picture. PFP NFT allows a series of NFT thoughts such as aesthetics, philosophy, virtue, and secrets to be elaborated and extended, which gives NFT more room for creation, and users can add their own understanding or cutting-edge value capture to it. Increase the narrative and richness of the NFT product itself. With the help of profile pictures with distinctive characteristics and attributes, the construction of the NFT world will also become more vivid and meaningful.

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Self-cultivation and support are two-way

The prosperity of Solana's NFT ecosystem is inseparable from the joint efforts of Solana and various project parties. At the end of August, the Solana NFT alliance based on the decentralized auction protocol BurntFinance on the Solana chain and multiple ecological projects was officially launched, aiming to jointly promote common standards among Solana-based projects and prepare for the large-scale adoption of the network. In terms of NFT technical details, in order to make the casting process smoother, most project parties actively use Metaplex's Candy Machine to handle casting.

In addition, Solana’s NFT project financing has continued one after another. Recently, the NFT social platform Only1, which combines social media, NFT market, scalable blockchain and native token LIKE, and the GameFi ecosystem Project SEED completed 3 million USD financing and $3.1 million in private placement financing. Simultaneously, the project side also continues to carry out public offerings. Solana’s DeFi Land and game Genopets project launched on Raydium’s decentralized public offering platform AcceleRaytor has been put on the agenda. In addition to the entry of capital, the entry of IP has also become the norm. In early November, Canadian music creator Deadmau5 cooperated with Looks Rare Metaverse Studio to plan to launch NFT art and collectibles based on Solana.

Judging from the ecological support on the Solana base camp, it not only has a long-term effective Grants plan, but also cooperates with well-known companies in the industry to establish an ecological fund, and continues to increase the bonus settings for hackathon competitions to attract talents. The most recent one The total prize money of Solana IGNITION, a global hackathon focusing on Web3, DeFi, games and NFT, is as high as 5 million US dollars. It has not spared a lot of money to build a prosperous ecology including NFT and other tracks. In terms of NFT hotspots, Solana, Metaplex and Audius Music have launched a $5 million creator fund to encourage musicians and artists to release NFT works on Lollapalooza. It is not difficult to find that a series of heavy investment measures have shown Solana's ambitions for NFT ecological construction.