An NFT is a token standard where only a single token is minted. There are unique digital assets or cryptographic tokens on the blockchain that can represent the authenticity or ownership of a real-world item such as artwork, music, real estate, etc.
While the non-fungible tokens concept went mainstream first on Ethereum, Solana NFTs fall among the most outstanding inventions in the blockchain industry. Notably, the issue of scalability and high transaction fees on Ethereum drove up the adoption of Solana NFTs as the blockchain network offers lower trading costs and can process numerous transactions per second.
Accordingly, developers have built numerous NFT marketplaces for users to create, mint and sell digital collectibles.
Top Solana NFTs Marketplaces
Following the support for NFTs on Solana, several NFT marketplaces have been developed on the blockchain for users to utilize. Notably, an NFT marketplace is a platform where you can create, mint and trade non-fungible tokens.
However, choosing the most suitable marketplaces for trading your Solana NFTs could be a daunting task. This article brings to you the top 9 platforms to mint, buy and/or sell Solana NFTs. Factors supporting the selection of these marketplaces include transaction fees, tools available, mint statistics, community strength, etc.
1. Magic Eden
Magic Eden is among the top NFT marketplaces built on the Solana blockchain. Primarily focused on the gaming industry, the community-centric platform is regarded as the home to the next generation of digital creators.
The platform allows creators to list their NFTs with a 0% listing fee and only a 2% transaction fee. Also, users can easily flip NFTs on the platform using supported wallets. More so, creators can apply to be featured on Magic Eden’s Launchpad.
This launchpad is the marketplace’s exclusive minting platform. It helps creators to mint their collections without having to worry about the technicalities. Looking at numbers, Magic Eden records over 10,000,000 unique monthly visitors with over 7,000 popular NFT collections. In addition, the Magic Eden marketplace has a vast NFT gallery of more than a thousand artworks.
This is an open-source Solana-powered platform consisting of an on-chain program and a self-hosted front-end web2 application. On Metaplex, users can create, trade, and mint non-fungible tokens. The protocol also allows users to visualize NFTs across wallets and applications.
Metaplex prides itself as the fastest and most affordable NFT ecosystem for marketplaces, games, arts, and collectibles. The platform enables artists and creators to easily launch self-hosted NFT storefronts.
More so, Megaplex’s low minting fees, great presentation, and other unique features have made it home to over 100K projects with over 11.5 million NFTs minted. However, you can only access the Metaplex marketplace using the Phantom wallet.
Solanart.io is a well-developed NFT marketplace built on the Solana network. According to Solanart, it is the first and all-in-one preferred NFT marketplace on Solana.
With the use of your preferred SPL wallet, you can browse different collections on Solanart and easily buy and/or sell Solana-based NFTs.
The platform helps support digital artists and creators by providing them with a trustless marketplace to showcase their digital goods.
Speaking of transaction fees, Solanart charges a 3% marketplace fee on the selling price of every transaction.
Here’s another top Solana-powered non-fungible token marketplace. It is an open NFT marketplace with an integrated minting feature. Particularly, Opensea enables creators to choose and embed licenses when they mint NFTs.
Among the many unique features Solsea possesses, it supports wallet funding with FTX-Pay and Moonpay. Therefore, users can buy NFTs via fiat currencies either by using any of the above options.
Notably, SolSea is a product of the ALL.ART Protocol and currently supports Phantom, Sollet, Solflare, Slope, Coin98, Torus, and Ledger wallets.
The platform also has NFT compatibility with the new SPL token standard allowing all NFTs minted on Solana to be listed. Aside from the 3% marketplace fee charged on every successful NFT sale, there are no other marketplace fees.
This is one of the Solana NFT marketplaces that makes users’ safety very important, by always providing only verified NFT collections on the platform for users to trade.
For this reason, the first message you see on the platform is a recommendation to buy tokens with ‘Verifeyed’ labels and names only. The DigitalEyes team verifies tokens by constantly checking each NFT against their mint ID.
In addition, the marketplace only charges a service fee of 2.5% for each transaction.
Artz.ai is another truly decentralized NFT marketplace developed on Solana. Its decentralized nature is achieved by utilizing the Auction House program. Thus, the platform gives NFT owners more control over their digital goods. Importantly, Artz.ai provides a solution to the problem of NFT delisting by ensuring that users’ NFTs do not leave their wallets upon listing.
Listings on the platform are free while the platform takes a 2% commission on successful sales. Notably, the lowest offer price on the marketplace is 0.01 SOL.
Arts.ai is committed to delivering the best services to the community. For this reason, the platform executes activities like rug pull aid, floor sweep, launchpad, charity, and community mint.
Exchange.Art is a leading digital fine art marketplace built on Solana. The platform aims to empower the creator economy in the digital world. On the platform, artists and creators can effortlessly list their collections using the Creators Portal. Also, users can mint and sell NFTs with a service fee of only 2.5%. Meanwhile, there is no charge for listing.
Supported wallets on Exchange.Art are Phantom, Solflare, Slope, Torus, Ledger, Blocto, and Sollet. The marketplace is also expanding its selection of currencies outside the Solana blockchain.
8. Alpha Art
Alpha Art is a decentralized marketplace owned by the Piggy DAO. It is a marketplace built by the community for the community. The platform provides an environment that gives users emotional experiences when purchasing NFTs.
It is among the youngest NFT marketplaces on Solana. To attract digital artists and NFT lovers, the platform takes only a 2% transaction fee and does not charge for listing NFTs.
Overall, Alpha.art plans to partner with some of the best Solana-based projects and integrate them into its marketplace for an enhanced NFT buying experience. Solana wallets like Phantom, Slope, Solflare, Ledger, and Sollet are all supported by Alpha Art.
Here is another NFT marketplace that offers a safe and reliable platform for both creators and collectors.
Solport offers three ways to sell NFTs. First is listing your NFT with a buy-it-now price. Also, users can accept offers on listed NFTs with a buy-it-now price. Lastly, users can list NFTs as an auction.
Solport charges sellers a 2% fee for successful transactions. Interestingly, there are no fees for listing, unlisting, or refunding offers.
Solana NFTs marketplaces continue to increase as more players come into the niche. Therefore, it is important for NFT enthusiasts to carefully study these surplus marketplaces to settle for the safest and most suitable. On the whole, the choice of a marketplace for trading non-fungible tokens depends on users’ preferences.