New high-quality projects are flowing into the Solana ecosystem and attracting more attention and liquidity.
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Top venture capital bets, Magic Eden dominates Solana NFT market
When it comes to NFT, most people think of OpenSea. According to data analysis by research firm DappRadar, OpenSea has about 43% of the market share and is the main place to trade NFT. However, OpenSea relies on Ethereum, and its current scalability problem that needs to be solved also affects the user's experience of trading NFT. Therefore, various alternatives have emerged.
Magic Eden is an NFT marketplace built on Solana. Former Coinbase product manager Yin Zhuoxun served as co-founder. According to Etherscan's research, compared with Ethereum, Solana can facilitate more transactions at a cheaper cost and improve users' trading experience on Ethereum. Additionally, OpenSea’s recent support for Solana NFTs has also brought the two platforms into head-to-head competition. Since OpenSea has integrated Solana, more Solana traders can interact with NFT on OpenSea. Currently, 11 Solana NFTs on OpenSea are in the top 100 by total transaction volume, which further brings Solana NFTs into the spotlight.
As a star project on Solana, Magic Eden has also been placed high hopes by many investment institutions. Its most recent financing of $27 million was participated by institutions such as Sequoia Capital (Sequoia Capital), Paradigm, and Greylock.
Magic Eden accounts for more than 90% of the market on Solana NFT,And in just half a year, the secondary market turnover of 1 billion US dollars was realized. In the past 30 days, Magic Eden has 264,800 users, with a transaction volume of about 900 million US dollars, second only to OpenSea, and is currently the second-ranked NFT trading market.
Its official said: "At the category level, in addition to NFT collections, we also saw a total of 2.8 million SOL game secondary transactions. It is expected that more games will be launched in the next 6-12 months, and there will be more than 35 games. Choose to launch via Magic Eden's Launchpad."
This also allows us to see more possibilities for Magic Eden.
10 NFT projects coming to Mint on Magic Eden
Plush Fight League（ https://plushfightleague.com/）
Plush Fight League is a PVP platform fighting game with an expanded game ecosystem. The team consists of a game developer and artist with extensive experience in different fields. They plan to bring multiple third-party collectibles into the product for the Ultimate Metaverse. IDO is expected to be carried out in the third quarter of 2022.
Total supply: 5,000 NFTs
Price: 1.49 SOL
Minted: May 10th
SolFennex（https://solfennex.io/）
SolFennex is an open world P2E game with various art features and utilities including 3D art, comics, Fennex-DAO, staking, nurturing and a Metaverse where players can play, explore, earn, trade and interact.
Total Supply: 5555 NFTs
Price: 2 SOLs
Casting date: May 11
Solaxy Metaverse （https://solaxymetaverse.com/）
The Solary Metaverse is a collection of 3,000 keycards that allow users to play games with friends, arrange furniture, show off NFTs, and gain virtual property ownership experiences in the browser.
Total Supply: 3000 NFTs
Price: 1.75 SOL
Casting date: May 11
Kyoudai Spirits（https://www.kyoud.ai/）
World Of Kyoudai is an MMORPG where players explore the world by completing quests, meeting other players, and fighting enemies. If you don't want to get involved in the heat of war, you can also try cutting trees, mining stones, or gathering several different assets and resources to craft items or sell on the market for profit.
Total Supply: 4444 NFTs
Price: 1 SOL
Casting date: May 11
Melt Labs（https://www.meltlabs.tech/）
The most innovative collection of utility-based NFTs on Solana, allowing holders access to the first-ever on-chain NFT index, public lending protocol, and comprehensive sharding services.
The Melt Labs exchange-traded NFT protocol is the first fully on-chain, multi-NFT aggregate index fully backed by the underlying NFT. Indexing is facilitated through the use of oracles. Index tokens will be tradable on the market and will also serve as governance tokens for managing the index.
Total Supply: 5000 NFTs
Price: 1.5 SOL
Casting date: May 12
The Bridged（https://thefracture.art/）
The Bridged is an art-based NFT project built on Solana that contains a collection of images of technologically transformed humans. The Bridged is the second series in the story of The Fracture. The Fracture is a brand born on the blockchain. The first series is The Gods, with a total of 6666 NFTs, and the current floor price is 42.65 SOL.
Total supply: 9999 NFTs
Price: 3 SOLs
Casting date: May 12
TheClub（https://www.theclubnft.xyz/）
Club App is a social and NFT analytics app that connects the Ethereum and Solana NFT communities and brings together people from different fields and hobbies to support and learn from each other.
Total Supply: 2222 NFTs
Price: 1.5 SOL
Minted: May 13th
Anonymous Crypto Dealer（https://anonymouscryptodealer.io/）
Anonymous Crypto Dealer is an exclusive collection of 4488 NFTs featuring over 100 hand-drawn characters. Its vision is to become a self-organized high-profit community DAO, earning profits by investing in blue-chip projects, NFT, holding cryptocurrencies for a long time, and staking NFT. The goal is to find good investment projects and collect Alpha information to provide community members with the best benefits and early access to projects, exclusive WL places, and opportunities to participate in special sweepstakes.
Total Supply: 4488 NFTs
Price: 1.5 SOL
Minted: May 13th
Dinodawgs™️ 3D（https://dinodawgs.io/）
The project was led by Adam Dewhirst, Oscar-winning VFX artist whose film credits include: Marvel's Guardians of the Galaxy (creating Rocket), Batman's Dark Knight (building Harvey's "two-sided" dent), and more, Dinodawgs ™️ 3D is a unique playable avatar in the form of a 3D dinosaur PFP that can interact, play, stake, and more in the metaverse of Dinodawgs™️ 3D.
Total Supply: 7000 NFTs
Price: 1.8 SOL
Minted: May 15th
Exclusive Epic Dragon（http://dragonwar.io/）
Dragon War is a turn-based strategy game that combines the gameplay and features of Heroes of Might and Magic and Axie Infinity. Make sure that those who play the game can enjoy the game while earning a considerable amount of money.
Players can buy heroes, summon dragons, build kingdoms, raise armies, fight NPCs in PVE mode, fight other players in PVP mode, or fight for glorious victory in massive online battlefields or pitched battles. While enjoying the game, you can also get token rewards for various in-game activities. Through the NFT market, users can trade their NFTs and earn token income.
Total Supply: 5000 NFTs
Price: 0.4 SOL
Casting date: May 16
