Magic Eden

Share this post
2021: A Year Of NFTs On Solana
blog.magiceden.io

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!

Magic Eden
Dec 31, 2021
Comment
Share

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…

Twitter avatar for @SBF_FTXSBF @SBF_FTX
@coinmamba I'll buy as much SOL has you have, right now, at $3. Sell me all you want. Then go fuck off.

January 9th 2021

1,975 Retweets10,934 Likes

March: The First NFT Collection on Solana

There’s a debate as to which NFT collection came first — Kreechures or Solarians. Gen 0 Kreechures arrived in March. The blockchain doesn’t lie. Solarians minted soon after. You decide.

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.

SolPunk #1247

June: First Generative Art

Frakt launched on June 8th, offering art that was different from your standard profile picture NFT.

Frakt-3523

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.

SMB #1430

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.

Degen Ape #4978

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)

THUG #2556

Aurory’s mint took place at the very end of August and marked the beginning of blockchain gaming NFTs on Solana.

Aurorian #6727

September: A Wild Ride & The Birth of Magic Eden

Celebrities jump on the SOL train: Steve Harvey joined SMB.

Twitter avatar for @SolanaMBSSolanaMonkeyBusiness @SolanaMBS
Welcome @IAmSteveHarvey 👀🐵🔥❣️

Steve Harvey @IAmSteveHarvey

Change 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

September 8th 2021

108 Retweets465 Likes

Trippy Bunny Tribe donates ALL mint sales ($220,886) raised to the American Foundation for Suicide Prevention.

Trippy Bunny #667

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.

Galactic Gecko #1093

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.

Twitter avatar for @0x0kumarKumar @0x0kumar
200 $SOL FLOOR WTF IS HAPPENING @SolanaMBS @SMB_SalesBot
Image

September 27th 2021

15 Likes

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.

Twitter avatar for @XskullSolXskull.sol @XskullSol
@AntiSocialBots Thank you so much for the airdrop. @SOLBigBrain these guys helped me I lost like 5 sol on iconics rug. Sol NFT community if awesome. Thanks universe for this😭💯
Image

October 1st 2021

1 Like

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.

Pesky Penguin #1203

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.

Twitter avatar for @galacticgeckosgGalactic Gecko Space Garage 🦎 🛸 🪐 @galacticgeckosg
↓ PSA It is our view that Alpha Art, by providing royalties to holders of Piggies NFTs from the sale of other NFTs on their platform, such as Geckos, may be in violation of applicable securities laws. 1/12

October 12th 2021

69 Retweets407 Likes

Female Derivatives popped up like Solana Monkette Business which sold out in 3 minutes.

SMTB #2647

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.

Shadowy Super Coder #706

Boryoku Dragonz launched, marking the beginning of stealth mints on Solana. It just happened.

Boryoku Dragonz #629

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.

monkeBack #3433

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.

Twitter avatar for @wizkhalifaWiz Khalifa @wizkhalifa
gm @thugbirdz and taylors
Image

November 18th 2021

1,548 Retweets10,244 Likes

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!)

Vision #68

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.

Miniverse Hero #00577

NFT ETH maxis started looking into SOL NFTs. About time! We saw some .eth change to .sol.

Twitter avatar for @farokhFarokh.ethᵍᵐ @farokh
Gm, about the mint my first ever SOL NFTs! 🕺✨

December 17th 2021

49 Retweets688 Likes

On the 21st of December, Magic Eden announced its move to an open-listing marketplace. We’re in the midst of rolling out these changes and we value your feedback. Just hop on our Discord!

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!

CommentComment
ShareShare

Create your profile

0 subscriptions will be displayed on your profile (edit)

Skip for now

Only paid subscribers can comment on this post

Already a paid subscriber? Sign in

Check your email

For your security, we need to re-authenticate you.

Click the link we sent to , or click here to sign in.

TopNewCommunity

No posts

Ready for more?

© 2022 Magic Eden
Privacy ∙ Terms ∙ Collection notice
Publish on Substack Get the app
Substack is the home for great writing