Ethereum remains the most popular network for issuing collectible tokens, but artists are turning their attention to other networks as well. So, on the Solana network, NFT was sold for a record amount of $ 1.1 million.
Consulting company Moonrock Capital acquired a token from the Degenerate Ape Academy collection for 5,980 SOL, which at the current exchange rate is $ 1.1 million. This is a token number 7225, which depicts a zombie monkey with a halo and a brain in its teeth. It is the thirteenth most rare in the collection.
Moonrock Capital also bought one of the tokens from the SolPunk collection – a version of NFT CryptoPunks on the Solana blockchain. Previously, NFT purchases were made for more SOL. For example, the Degenerate Ape Academy 1674 token was sold for 7,000 SOL. However, then the coin rate was significantly lower and the NFT value at the time of the sale did not reach $ 1 million.
Collectible tokens are becoming popular throughout the blockchain industry, and now it cannot be said that Ethereum is the “home network” for NFT trading. One of the main reasons for this is the high fees on the Ethereum network, which is why developers and artists are paying attention to networks with lower fees for issuing and selling tokens.
Recently, an error in the smart contracts of the largest collectible token market, OpenSea, resulted in 42 NFTs being burned, with a total value of over $ 100,000.
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