Solana-Powered NFTs Redefining Digital Gaming! SOL Price Seems to Be Unstoppable!

The post Solana-Powered NFTs Redefining Digital Gaming! SOL Price Seems to Be Unstoppable! appeared first on Coinpedia — Fintech & Cryptocurreny News Media| Crypto Guide

The Solana ecosystem has emanated as one of the top-tier altcoin projects of 2021. By setting up groundbreaking milestones, the SOL platform has gained the traction of a larger user base. Its potential to outstrip primary cryptocurrencies such as BTC and ETH with its underlying blockchain technology has granted momentum to its price action.

As more traders appear to be rapt in NFTs, the Solana ecosystem could facilitate a great way to benefit from it. Moreover, the platform enables faster transaction speed compared to the star altcoin Ethereum. NFTs based on Solana have almost breached a $500 million market cap since the start of the second half.

Solana To Dethrone Ethereum In the Near Future!

As per the analytics of CryptoSlam, secondary sales of NFTs based on Solana have generated a whopping $660 million in just three months August, September, and October. In the meantime, the SOL price has seen an epic rally from $40 to $250. As bearish dominance has been prevailing for the past two months, secondary NFT sales have fallen to $115 million in sales.

Once NFTs get out from the current market tantrum, Solana is expected to reiterate the historical price rise, thereby threatening the Ethereum ecosystem. There are a series of NFT projects lined up for launch on the Solana ecosystem. Especially, Justin Kan, founder of streaming giant Twitch is all set to launch a new NFT marketplace on Solana called Fractal.

I never thought that I would ever be a founder again.

Well…l’m back.

I’ve spent a lot of my career connecting games, creators, and gamers. @Twitch is already a big part of the metaverse.@fractalwagmi is the next step.

https://t.co/D9Hl8zktPx

— Justin Kan

(@justinkan) December 13, 2021

The founder cited that his dream project will be commenced on the Solana (SOL) blockchain, as it facilitates high speed and low-cost transactions than Ethereum.
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