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Solana has joined Ethereum within the $1 million NFT membership
Proof-of-stake blockchain Solana has simply recorded its first seven-figure non-fungible token sale.
Blockchain advisory agency Moonrock Capital acquired one of many NFTs from the “Degenerate Ape Academy” for five,980 SOL (roughly $1.1 million).
Moonrock Capital simply acquired the thirteenth rarest @DegenApeAcademy NFT for 5980 $SOL ($1,109,170.40) pic.twitter.com/STkwJetRl1
— Moonrock Capital (@MoonrockCapital) September 11, 2021
Notably, it took Solana solely two months to realize such a milestone, which clearly exhibits how briskly its ecosystem is rising.
For comparability, it took Ethereum, the present chief within the NFT house, three years to report its first seven-figure sale.
The SOL token is at present the sixth greatest cryptocurrency by market capitalization after a monstrous rally.
Gulf Stream, the blockchain’s forwarding protocol, eliminates the necessity for having a mempool, which makes it doable to realize a powerful 50,000 TPS.
Therefore, Solana positions itself as the primary actually scalable blockchain that may rival Ethereum.
As reported by U.Right this moment, high backer Sam Bankman-Fried mentioned that Solana had began seeing “robust institutional demand.”
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