Ever since the first non-fungible token (NFT) named “Quantum” (2014-2021) was created and sold for a whopping $1.4 million, there has been a surge in the adoption of this creative art concept of cryptocurrency. Investors and likewise art collectors now see a profitable market in NFT acquisition and trading.
NFTs are built on Blockchain Technology with Ethereum encompassing most of the projects developed, although other cryptocurrencies such as Solana, Tezos, ICP, Polygon, and many others have significant projects on their NFT ecosystem.
Solana ecosystem is gaining much popularity in the current NFT craze due to the versatility and low cost of transactions it employs, attracting more investors of NFT to its domain. This is made possible by a user-friendly medium (Solana NFT Marketplace) that serves as intermediaries connecting buyers and sellers.
In this article, 36crypto will highlight some of the best Solana NFT Marketplaces with low gas fees to trade on.
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Best Solana NFT Marketplaces With Low Gas Fees
Solana NFT Marketplaces serve as intermediaries in hosting collections and connecting both buyers and sellers.
Solana NFT marketplaces are ranked based on:
- transaction volume
- wallet support
- quality of projects listed
- Transaction fees and community.
Magic Eden
Magic Eden with more than 9 million unique monthly visitors is one of the most popular Solana NFT marketplaces where you can mint, buy and sell Solana-based NFT. With its exclusive collection called ‘Magic Ticket‘, Magic Eden has over 6,000 collections and allows creators to set their royalty fees and get paid once a sale is made.
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Artists can use Magic Eden’s unique Launchpad products and services in releasing new collections without the use of technical skills. The platform does not charge a listing fee, but they do charge a transaction fee of 2%.
Advantages:
- Low fees
- Massive selection
- Intuitive design
- Supports almost all Solana-based transactions
Disadvantages:
- Limited wallet integration
- Its popularity draws many copycats
- Limited number of projects
Solsea
Solsea is a Solana NFT marketplace with a calendar built-in feature that offers creators unique tools for developing and managing their collections. The calendar tracks the new NFT launches and schedules time for purchasing collections. Solsea prides itself on First 100, the first virtual NFT art exhibition of its kind.
The platform allows creators to embed licenses in NFTs during minting, allowing for more straightforward and meaningful integration of artwork licensing. NFTs can be purchased with SPLASH (SPL) token and have rare rankings
SolSea issues a charge of 3% on any NFT sales made on the platform.
Advantages:
- Versatile licensing options
- Available new collections
- Unique control for creators
Disadvantages:
- Higher-than-average fees
- Unimpressive presentation
DigitalEyes
DigitalEyes is Solana’s first open NFT marketplace with a distinctive Mint Calendar feature that allows users to create, buy and sell NFT collections. Some of the popular NFTs found on this platform include Aurory, Degenerate Ape Academy, Frakt, and Galactic Gecko Space Garage.
The mint calendar feature enables collectors to schedule time for the purchase of new collections that will be released at a stipulated minting date.
This platform charges 2.5% of each successful NFT sale as a service fee and supports wallets including Phantom, Sollet, Solflare, Solong, Slope, and MathWallet.
Advantages:
- Extensive catalog of collections
- Wide range of supported wallets
- Easy-to-use platform
Disadvantages:
- Unimpressive 2.5% service fee
- Additional royalty fees
Metaplex
Metaplex unlike other Solana NFT marketplace is a unique platform that has a decentralized on-chain application that mints and sells NFTs. This platform allows you to create your custom Storefronts where NFTs for sale are displayed.
Unfortunately, users are only able to connect the marketplace with the Phantom wallet.
Users may incur little or no transaction fee with any sale of NFT on the metaplex platform.
Advantages:
- Unique sale options for collectors
- Rare Solana NFT collections available
Disadvantages:
- Few wallet options
Other Solana NFT Marketplaces
In addition to the Solana NFT marketplaces previously discussed, the following are noteworthy NFT marketplaces that work with the Solana network.
- FTX
- Squadrop
- Solanart
- Exchange. art
- Milkyway
- LIQNFT
- RabbitHole
- Artz
- Solid
Conclusion
With so many NFT marketplaces that offer a plethora of art collections, there’s no reason to not get involved in the Solana blockchain.
Risk Disclaimer
The views, thoughts, and opinions expressed in this article are not investment advice. Please do your research and consult with an investment professional before making investment decisions.
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Gozie
Gozie Nwankwo is a content writer and cryptocurrency enthusiast. He loves researching about cryptocurrency and everything surrounding the cryptospace. Follow on all social platforms.