Solana Gets Its First Million Dollar Plus NFT Sale

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Evening

So Solana has got its first million dollar plus NFT sale today, as an European blockchain advisory firm Moonrock Capital purchased one of the Degenerate Ape Academy NFTs(Degen Ape #7225) for 5,980 SOL worth more than $1.1 million.

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Degen Ape #7225 which is 13th rarest in the collection, features a Zombie Ape with a Halo, a gold tooth and a brain in its mouth. Moonrock Capital didn't stopped their shilling spree there, as they went on to buy another NFT on Solana from CryptoPunks knock-off collection, costing 1388 SOL worth $257,446.24. The purchased SolPunk (Solana version of CryptoPunks) is 18th rarest of the series.

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There have been earlier purchases of NFTs on Solana with worth more than a million dollar as per current SOL price. E.g. Degen Ape #1674 was sold for about 7,000 SOL a while ago. But today's sale was the first one value more than a million dollar at the time of purchase.
Originally the NFT craze was limited to Ethereum, which caused the traffic and fees on the blockchain to skyrocket. As a result rival platforms like Solana have took off and it seems the gears are shifting as multi-million dollar purchases have started to happen on Solana too.
To handle the rapid NFT expansion on Solana new market places like Digital Eyes and SolSea have recently emerged. Moreover since the Aurory launch, Metaplex's Candy Machine have been deployed to make NFT minting on Solana more smooth. It is clear that Solana has a fast growing NFT Ecosystem and more importantly building blocks and tools to support it.

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