Nowadays, more and more businesses have started NFT development and they chose Solana as the most suitable platform to take action. Why can Solana satisfy the requirements of a large number of companies and become a top option for them? The reasons behind this may vary, but we have collected some remarkable points, which can be explained for the Solana NFT development popularity. This article will take you to go through the strengths of Solana.
At first, Solana was established with Degenerate Apes as the main NFT project. Solana’s degenerate apes cover thousands of types and serve a wide range of purposes. The diverse functions of Degenerate Apes are the key elements to making Solana widespread. Many businesses are keen on these apes and invest in them without too much consideration. Therefore, Solana can sell out 10,000 apes, which are valued at more than 600,000 SOL, within 10 minutes. The side effects of this fast selling are popularizing SOL currencies, and even hyping up the prices of this main Solana cryptocurrency.
Solana can support different kinds of decentralized projects. Along with the development of DeFi (decentralized finance), Solana can be a solid network for many businesses to develop DeFi projects, which can enhance reliability, and security and eliminate the needs of third-party. In fact, there are a lot of outstanding DeFi projects which were built on Solana, such as Serum or Radium.
We all knew that Ethereum put the very first steps of NFT development, and possesses certain kinds of functions to empower different projects. However, there are still some weaknesses that can slow down the development process and even have negative impacts on the project operation. Solana appears to be a notable competitor of Ethereum and tries to fix the weaknesses of the firstcomer. Solana provides the users with a reliable and free-central authority network, allowing them to develop NFT in a decentralized space with their chosen tools and software. Also, Solana NFT development offers chances to produce new coins, different kinds of digital assets, and collectibles in a simple and quick procedure.
Compared to other blockchain platforms, Solana is the fastest network. Therefore, if you choose Solana NFT development, you may have a chance to conduct a process that takes only a few moments to complete. In detail, Solana can take around 50,000Tps to necessitate one transaction. Despite its outstanding ability to speed up transactions, it does not charge a costly fee and even offers a really competitive one, compared to other popular platforms.
From our given information, you may have your idea and be able to make final decisions on whether choose Solana NFT development or another platform. However, if you still have major concerns, you may feel free to contact SmartOSC, who has several years of experience to get detailed instructions and possible solutions.
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