But only a few people understand how it leveraged SolPunks, its fifth-largest NFT collection, to plot its path to success.” actually refers to SolPunks, a ten-thousand collection of Solana's pixelated NFTs, which were discovered by Nicholas Sakalauskas, aka Tractor, in May 2021 before the NFT boom. By July, Solpunks had completed its minting on Solana and had become the first NFT to ever do so.
Once the SolPunks holders had organized themselves into a promising NFT community on Telegram, the Solana developers then turned to SolPunks and helped to chart the course of its development up to the time that they had realized enough gas fee to build Solanart, Solana’s first NFT marketplace. Before Solanart was built, SolPunks were obtained on solpunks.com for 3 SOL and traded over the counter on Tractor’s Telegram.
According to Endeavor, there would never have been the NFT craze on Solana without the SolPunks, which at the time were ridiculed as a parody of the 10,000 Cryptopunks living on the Ethereum blockchain. In three days, two thousand SolPunks were minted, and the next five thousand were minted in a day. Leveraging the FOMO at a time when SOL was around 35-40 USD, some SolPunks HODLers sold their SolPunks for 4-5 times its value, while others sold theirs for 6 times its value.
To this day, the ability to mint out in record time has continued to prove the legendary status of SolPunks in relation to Kreechures, which is often dubbed as the first NFT on the Solana blockchain. However hard the lack of an NFT marketplace tried to extinguish the SolPunks’ potential to launch the NFT revolution on the Solana blockchain, the speed at which Solanart was developed through the accumulated mint fees made SolPunks the precursor to the NFT craze that began shortly after it was created.The impact of Solana’s NFT Marketplaces on the Solana blockchain is immeasurably greater than that of any trend in its current ecosystem.
Nonetheless, for much of the time that the developers were actively involved, it was immaterial that SolPunks cheaply parodied Cryptopunks. What was, however, all the more important to them was that SolPunks 10,000 parodies offered them an opportunity to raise funds for creating a tier 1 NFT marketplace.
I cant support solanart devs so i sold my solpunk but i respect the movement and hope you guys make some money but i had to get out
Thanks for reading my article! LFG!
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