• Apes and monkeys continue to reign supreme in the thriving Solana NFT market

  • Collections of primates The NFT charts are still dominated by Solana Monkey Business and the Degenerate Ape Academy.

    As the burgeoning Solana ecosystem begins to attract NFT enthusiasts, Solana Monkey Business and the Degenerate Ape Academy continue to reign supreme.

    Based on their market caps and floor prices, the primate-based collections have established themselves as the ‘blue-chip’ projects on Solana, dwarfing the rest of the Solana NFT market.

    According to Solanalysis data, Solana Monkey Business (MBS) is the most valuable NFT project on Solana, with a market cap of $100 million and a floor price of 94 SOL ($13.4k).

    The Degenerate Ape Academy is ranked second, with a market capitalization of $87 million and a floor of 57.5 SOL ($8.2k).

    Solana MBS recently launched a native marketplace for its collection, whereas the Ape Academy makes use of the leading marketplace Solanart.

    Both projects have generated a lot of buzz on Twitter and Discord, and they’ve attracted high-profile buyers like KSI and, somewhat surprisingly, TV host Steve Harvey.

    Harvey changed his Twitter profile photo last Thursday to a Solana Monkey Business NFT, but has since changed it back.

    The Solana Monkey Business team is currently forming a ‘NFT DAO‘ for the community in order to ‘enrich the Solana ecosystem’ for MBS holders.

    The Degenerate Ape Academy has also attracted high-profile buyers, including VC firm Moonrock Capital, which recently paid 5,980 SOL ($1.1m) for the collection’s 13th rarest ape.

    The project, like the MBS team, is forming a DAO for the community to become members of the ‘Ape Council.’

    While the Solana NFT space continues to grow and attract new users, it has been chastised for its lack of authenticity and the number of copycat projects that emerge each week.

    Many in the NFT space, including Solana MBS holders, have expressed concern that some Solana-based NFT projects are simply “cash grabs” with no inherent value or utility other than the fact that they are available on Solana.

    SolBlocks, for example, used Fidenza creator Tyler Hobbs’ art-generation code without permission and created a ‘copycat’ project on Solana.

    Hobbs has asked the SolBlocks team to stop using his program, but the team has maintained its use of the images.

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