Solana Monkey Business and the Degenerate Ape Academy continue to reign supreme as the burgeoning Solana ecosystem begins to attract NFT enthusiasts.
The Degenerate Ape Academy takes second spot with a market cap of $87m and floor of 57.5 SOL ($8.2k).
Both projects have seen considerable social interest on Twitter and Discord, and have attracted high-profile buyers including KSI and, somewhat surprisingly, TV host Steve Harvey.
Harvey changed his Twitter profile photo to a Solana Monkey Business NFT last Thursday, but has since changed it back.
They’ve actually smashed it on Solana and I’m super excited for the future
— KSICRYPTO (@ksicrypto) September 21, 2021
The Solana Monkey Business team is in the process of forming an ‘NFT DAO‘ for the community to ‘enrich the Solana ecosystem’ for MBS holders.
The Degenerate Ape Academy has also attracted high-profile buyers in the form of VC firm Moonrock Capital, which recently paid 5,980 SOL ($1.1m) for the 13th rarest ape in the collection.
— Moonrock Capital (@MoonrockCapital) September 11, 2021
Many in the NFT space, including Solana MBS holders, have commented that some Solana-based NFT projects are mere ‘cash-grabs’ and hold no inherent value or utility other than the fact that they’re available on Solana.
A key example is SolBlocks, which used Fidenza’s creator Tyler Hobbs’ art-generation code without authorization and created a ‘copycat’ project on Solana.
Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.