On April 6, OpenSea announces that Solana is officially on OpenSea. Although since the integration, the trade volume of Solana NFTs has only accounted for about 2.5% of Magic Eden, the largest NFT marketplace, it cannot be denied that Solana NFTs have made impressive achievements and gained great momentum in the past six years.
As for Magic Eden which accounts for more than 90% of Solana marketplace, by the middle of March, it has reached the trade volume of $1 billion in the secondary marketplace, by the middle of March, and has launched over 4,000 collectibles, with its current users over 560,000.
Today we are going to introduce four blue-chip NFT projects on Solana. Definitely, there are other projects remaining popular, and more blue-chip NFT projects will emerge in the future.
DeGods
DeGods is a PFP project with an initial total of 10,000, but it is also a deflationary NFT project. In the DeGods ecosystem, holders are able to burn their DeGods to claim $DUST. The rarer the DeGod is, the more $DUST you will receive. Only one DeGod can be burned per day within the entire collection, and the most common DeGod will be burnt first, which means that the existing DeGod NFTs will be increasingly rarer. Such feature of rarity is also reflected in DeGods’ motto “Commons will be rare”.
Besides, DeGods allows its users to mine $DUST via staking. Every DeGod has the ability to mine 10 $DUST per day. Every DeadGod has the ability to mine 30 $DUST per day. Currently, the staking volume of DeGods is 5160, accounting for 54.5% of the total number. DeadGods is the first DeGods $DUST upgrade. DeadGods will cost 1000 $DUST per DeGod, which can be switched at any time.
The maximum supply of $DUST is 33,300,000, with a starting supply of zero. It is generated only via staking. There will be 3 halving periods, and each halving will reduce $DUST staking rewards by 50%. The utilities of $DUST include upgrading to DeadGods, auction, raffles, and P2E&PVP Games. DeGods says in its official document that DeGods will launch a new independent collection, which can be minted only through $DUST.
According to its Roadmap, DeGods is building an ecosystem for buying, selling and minting blue-chip NFTs using $DUST. DeGods is working on integrating $DUST with NFT marketplaces (Magic Eden and SolanArt), P2E/P2P games, and metaverse projects.
DeGods’ initial royalty was controversial, with a 33% Paper Hands Bitch Tax (PHBT), meaning a 33% tax for everyone that sells under the floor of 3 SOL or under their buy price. An update on November 22 stated that there are two categories for triggering PHBT: a. selling below highest previous sale of the NFT; b. selling below the tax threshold (currently 4.98 SOL and increasing by 0.33% every week). In January, DeGods replaced PHBT with a standard 9.99% royalty fee, among which, 6.66% goes directly to the DeDAO, and 3.33% goes to Core Team.
ASTRALS
Created by the Artist Damien Guimoneau, ASTRALS is a collection of 10,000 unique 3d avatars, including 200 traits and 16 races. It has two pillars a DAO for incubating innovative projects and a role-playing game. According to the official website, ASTRALS has built partnership with Solana labs, magic Eden, etc.
ASTRALS sold 20,000 NFTs at the price of 2 SOL. The 30% of the proceeds went to Galaxy Treasury, 30% to the Team, 5% to the developers, 30% to the artist, 2.5% to the liquidity pool SHARD/USDC, and the rest 2.5% was donated to the charity. Among the 8% royalty fee, the Team, the artist, DAO vault, and liquidity pools each receive 1/4.
According to its Roadmap, ASTRALS will distribute $GLXY in Phase 4, and launch P2E games in Phase 5 (the third and fourth quarters of this year).
Degenerate Ape Academy
Degenerate Ape Academy consists of 10,000 degenerate ape NFTs. All of them were minted on August 14, 2021. The initial price offer was 6 SOL (around $240). Its floor price at the time of writing is 84 SOL, and the trade volume is over 380,000. The collection includes 137 traits, among which the most legendary six ones are Space Helmet, Harambe’s Halo, Clothing: Prince Charming, Fur/Skin: Acid Trip, Golden Tendie, and Diamond Teeth. Degenerate Ape Academy says that you can think of The Degeniverse as Marvel and The Degenerate Ape Academy as The Avengers.
Solana Monkey Business
SMB Gen2 is a collection of 5,000 unique 24x24 pixels randomly generated Monkeys, with its metadata stored on the Arweave. Its initial price offer was 2 SOL (around 69 USDC). The total sales of SMB Gen2 has surpassed 1,000,000 SOL last month. The current floor price is 233ETH.
Every Gen2 trade will be deducted 6% as royalties: 2% to the NFT creators, 2% to the Community Wallet, and 2% to the holders of the whole Gen1 set. SMB Gen1 is a collection of 4 different space-themed monkey NFTs, each with a limited supply.