A Guide to NFT Development on Solana: Costs and Advantages
Digital assets have been gaining popularity among investors, and the latest addition to this category is NFTs. These digital assets are based on blockchain technology, which ensures security and safer transactions. Amidst the high demand for NFTs, development companies are shifting their focus to providing exceptional development services on the Solana Blockchain Development network. According to Reuters, the sales of NFTs in 2021 were $24.9 billion compared to $94.9 million in 2020, meaning there was a whopping growth in the sale of NFTs last year. This, in turn, led to a thriving demand for NFT wallet development and other related services. Another concerning fact is that the popularity of Ethereum has led to higher gas fees, which causes inflation and leads investors to diversify into the Solana Blockchain. What is Solana? A Brief Overview Solana is proven to be a robust Blockchain network that functions with Proof of history. Subsequently, this concept of proof of History ensures