Understanding the Basics of NFTs on Solana

NFTs has been one of the best innovation in the web3 world, Solana and brand ecosystem have brought to you tips and tricks of becoming an NFT creator and Developer.

NFTs are digital token on a Blockchain which can be traded by two different party, from the name NFT (Non fungible token) meaning a particular NFT exists on the Blockchain. NFTs basically represent Art, music, Digitalized Realworld asset(Tokenizing)

Project like Ethereume had come into being long before Solana, a high-performance Blockchain, emerged as a prominent player in the NFT space, offering faster transaction speeds and lower fees compared to Ethereum.

Solana's blockchain became a preferred choice for NFT creators and collectors, contributing to the expansion of the NFT ecosystem.

First market in 2021 Solanaart where you trade NFTs before teams like magicEden, SMB and degen apes were later much founded

The token standard for digitalized tokenized asset (NFT, cNFT, xNFT)

😄 Great! Now you know what NFTs are, lets dive deep into cNFTs and xNFT.

cNFT - compressed NFT. Imagine youd want to mint over 100 NFTs, lets assume the price of sol to mint is 3SOL which cost a lot but cNFT turns the table around; where you can be able to mint over 1000 cNFT with little cost of sol. Fun isnt it

xNFT - executable NFT. Solana blockchain have been expanding widely that xNFT has become one of the most recent look out. Here you do not need to create xNFT, Dapps are now set up as xNFT https://www.coral.community/