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How to buy NFTs on Solana?

Published 06/07/2022, 08:28 AM
Updated 06/07/2022, 10:00 AM
How to buy NFTs on Solana?
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The burgeoning popularity of nonfungible tokens (NFTs) has led to issues like exorbitant transaction fees and congestion in the prevalent Ethereum-based ecosystem. The fee factor serves as a major deterrent to anyone wanting to execute transactions on the blockchain.

A report published by Reuters revealed that the NFT sales volume was $24.9 billion in 2021, considerably more than the $94.9 million in 2020. The number of wallets trading in NFTs jumped to about 28.6 million, from a modest 545,000 in 2020. Recently, when Bored Ape minted its NFTs, the gas fee surged to $3300, showing a glimpse of how bad the costs were on Ethereum (ETH).

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