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How To Navigate Solana NFTs


Ethereum is the 800-pound gorilla in the room when it comes to NFTs (non-fungible tokens), as both the first blockchain that enabled NFTs and in terms of the size and value of the market, with collections like Bored Ape Yacht Club attracting in the million-dollar range and drawing in celebrities ranging from Justin Bieber to Jay-Z. But investors who want to cast their eyes further afield will find that NFT ecosystems are also growing on other blockchains, particularly Solana (CRYPTO: SOL). While the Solana NFT market is still nascent and a fraction of the size of the Ethereum NFT market, it is growing quickly. 

As a quick reminder before going forward, NFTs are essentially tokens on a blockchain like Ethereum or Solana that represent ownership of a unique asset. These assets can be anything from a piece of artwork to a character in a play-to-earn (P2E) game or even a plot of digital real estate in the metaverse. 

Image source: Getty Images.

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Source Fool.com

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