🧵 Thread

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The Solana NFT Ecosystem A Thread🧵

The new Meta is undeniably Solana NFTs and it has been a pretty good run so far with projects like Okaybears, Communi3, Dskullys, Reptilian renegade doing well even with the bear market conditions.

So this thread is going to be about the Solana NFT ecosystem, what you need to know and some tips and tricks to help you navigate through the ecosystem.

First of all, you should know about the Solana network itself, it's a network built for scalability and speed, low cost network fees that always stay below $0.01 and 400millisecond block times, so it's an exciting chain for devs to build on.

The network had an average TPS(Transaction per second) of 3000 as at January, recently from my observations TPS has averaged about 1800-2000 now and that can be attributed to the fact that there's a lot more transactions going on in the network now since the okaybears mooning...

So you're new to NFTs or you're coming from the ETH chain, how do you get started in Sol NFTs, well start by following Sol Influencers @scylla_98 @theNFTjosh @yinkadek @ogagamedia @Daflexer4 @Ebubechi_GMi (Add yours in the comments for people to follow)

Then download a solana wallet, Phantom, Slope, Solflare these are some good and recommended solana wallets. Slope wallet has an auto confirm network fee feature and that can come in handy when TPS is down bad. Also always use a burner wallet, NFT 101.

Just like any other chain, you want to discover projects early and DYOR and get into the discord early and try to secure your WL before the crowd comes in, if you don't know how to DYOR, here's a thread for you to read twitter.com/RichieThe100th/status/1515977876759212036?s=20&t=13JOM9Qj1g8fJYGAMNd8wA

If your coming from ETH, minting on solana is kinda different, some projects use tokens and some use launchpads. Projects that are token-based will airdrop the mint token to all WListed addresses a couple days or hours before the mint and these tokens can also be traded...

on famousfoxes.com, you can buy more tokens to mint if you want and you can sell yours if you want

Some projects use launchpads for their mints, launchpads like @HydraLaunchpad, @MagicEden launchpad have a good rep in the solana community.

Wallet submission can be manual on the discord server or it can be done through mercury.blocksmithlabs.io. Always remember to close your DMs and no project will ever DM you or stealth launch, Be safe out there.

Popular marketplaces for solana NFTs are magiceden.io/, coralcube.io/, opensea.io/.

So a little bit about coralcube, most of the time you can't know the FP of a project until it has minted out but for some projects you can see the FP on coralcube before it mints out, although most times the trading is disabled until the project mints out but it can give you an..

idea of what people want to sell at, doesn't matter most times though until trading begins but i guess it's information you should know if you want.

Sol NFTs usually just reveal upon mint and you can check your rarity using @SolRarity_, just join their discord server and when you've minted, you go to the rarity-checker channel and use the command !rarity collection [collection-name] [NFT-number].

Some good alphas you can try to get the WL rn @TrippinApeNFT @BubblegooseXYZ @GreatGoatsNFT @justape_ @JIKANSTUDIOS @Primatesnft @trippyworldlabs @WanderingNahavi @MadOnReefer @ShroudedNFT @MysticMen_ @VandalCityCorp (add yours in the comments)

Alright that's it folks follow me and @DaoCryptonaires for good info, giveaways, vibes and a good time

Also be very careful with sol projects even if they are hyped up, ALWAYS USE A BURNER WALLET PEACEEEE!!!