2021: A Year Of NFTs On Solana
Still in the early stages but a lot has happened in 2021. Here are some of its defining moments!
On the 16th of March 2020, Solana created its genesis block and launched on mainnet beta. Since then, a LOT has happened for NFTs on Solana. 2021 is the year it exploded. Here are some of its defining moments:
January - March 2021
January: We’ve got to start with SBF’s famous tweet…
March: The First NFT Collection on Solana
At this point, the Metaplex token standard has yet to be created.
April - June 2021
April: Phantom Wallet Launches
Since its beta launch in April, Phantom wallet has grown. In July, they went live to the public and introduced its staking feature. Within the first 12 hours, over $1M funds were staked to 30+ validators.
May: First Derivative
SolPunks brought ETH’s CryptoPunks to Solana. Apparently, they were also the first collection to mint on the Solana blockchain.
June: First Generative Art
Frakt launched on June 8th, offering art that was different from your standard profile picture NFT.
July - September 2021
August: Beginning of ‘Blue Chip’ NFTs on Solana
$SOL rises to $108 in this month. In July, it was hovering around $30.
Solana Monkey Business (SMB)’s Gen 2 Monkes came out on the 3rd of August and had a mint price of 2 SOL. Today (30 Dec 2021), SMB’s floor is at 175 SOL.
Degenerate Ape Academy sold out in under 10 minutes. A few days before its mint on the 14th of August, a couple hundred NFTs were deployed but the mint was pushed back because there was an issue with the metadata. It sort of kicked off candy machine as we know it.
ThugBirdz’s first mint took place on the 24th of August but the final mint took place a few days later. Some people had accessed the mint contract earlier and minted early. Creator @0x_thug gave free birds to OG supporters and issued refunds for minting errors. They are one of the first NFT collections on Solana to make a donation to charity ($115,995 donated to @WildlifeSOS)
Aurory’s mint took place at the very end of August and marked the beginning of blockchain gaming NFTs on Solana.
September: A Wild Ride & The Birth of Magic Eden
Celebrities jump on the SOL train: Steve Harvey joined SMB.
Steve Harvey @IAmSteveHarveyChange is inevitable, no matter what's going on in your life - it is not permanent. Everything is going to change. There are two things you can do with change. You can react to it or you can participate in it. Here's how I deal with change. #motivated https://t.co/cjvWdoFvio
Trippy Bunny Tribe donates ALL mint sales ($220,886) raised to the American Foundation for Suicide Prevention.
Then, on the 14th of September, the Solana network was offline for 17 hours. The network resumed per usual in under 24 hours.
A few days later, Magic Eden was born! Our first day of trading was on the 17th of September. We did $50,000 in trades. In September, we had 200+ collections listed.
Galactic Space Geckos minted at the end of September. People dig the Geckos and lore.
SMB breaks out to 200 $SOL floor for the first time after a whale consumed the entire floor from 80 - 150 $SOL. Oh, to be a whale.
Not the first rug but certainly memorable — people thought they minted a 3D “quality art” NFT but got a series of emojis instead. The Iconics Rug took about $140,000. Silver lining: a bunch of the community (individuals and collections) stepped up to give victims actual NFTs and $SOL.
October - December 2021
October: More Diversity
On the 2nd of October, Magic Eden released Launchpad, a white-glove full-minting support service with cutting edge capabilities, outbound marketing support and automatic listing. In October, our collections listed grew to 600+.
SMB became the first Solana NFT to sell for $2 Million (13,027 SOL).
Pesky Penguin’s launched on the 9th of Oct and is the first deflationary NFT collection with their snowball that sends pengus to the grave.
We also saw more NFTs with royalties on their roadmaps emerging but that worked momentarily as there were concerns about whether this could be viewed as securities.
Female Derivatives popped up like Solana Monkette Business which sold out in 3 minutes.
November: Utility & Stealth
Shadowy Super Coder DAO gives you and me, the average person, the chance to be part of seed round allocations for Genesys Go.
Boryoku Dragonz launched, marking the beginning of stealth mints on Solana. It just happened.
Another derivative of NFTs on Solana, Back2Back was launched. It featured the imagined backs of Thugz and Monkes. Back2Back contributes back to the respective DAOs.
Solana Ventures, FTX and Lightspeed launched a $100 million blockchain gaming fund to invest in startups focused on building blockchain gaming studios. Gaming on Solana is heating up!
On the 6th of November, Phantom Wallet had 1,000,000 active users. The next day, $SOL hits an ATH of $260.
On the 12th of November, MonkeDao became the first NFT DAO to operate a validator node on Solana. Others follow suit.
Wiz Khalifa reps Thugbirdz.
Solana releases an Energy Use Report. One transaction on Solana is equivalent to less than two Google searches.
Portals, a metaverse platform, minted at the end of November and sold out in 4 minutes. (ETH integration is coming real soon!)
By the end of November, Solana’s total on-chain transactions was 1.48B. In comparison, Ethereum did 38.9M in on-chain transactions.
Magic Eden has listed 1,100+ NFT collections in total.
December: Christmas came early!
Magic Eden had its biggest day of transactions early December. 50,000 SOL in total 🚀. And according to Solana, 5 million NFTs had been minted across the Solana NFT ecosystem.
A bunch of play-to-earn gaming NFTs launched in December. Just to name a few: Mini Royale: Nations, BitBrawl, ChainMyth and Nekoverse. So, it’s no surprise that Solana Ventures launched a second blockchain gaming fund, this time with $150 million.
NFT ETH maxis started looking into SOL NFTs. About time! We saw some .eth change to .sol.
As of the 31st of December, Magic Eden has 1,500+ collections listed.
Thank you, creators, collectors and community for journeying with us! We look forward to 2022 with you!