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Introduction
Ethereum is now the reigning monarch of blockchain systems. The vast majority of decentralized apps (dApps), including non-fungible tokens, now rely on the highly popular blockchain technology (NFTs).
Nonetheless, Solana, which is presently the sixth-largest blockchain, is gradually becoming a formidable Ethereum competitor.
Solana boasts quicker transaction speeds and cheaper transaction fees than Ethereum. In fact, it is planned to process up to 65,000 transactions per second with near-zero costs, a significant improvement above Ethereum's current maximum capacity of 30 transactions per second.
This is exciting news for NFT artists and creators, since they can now develop and sell their work without worrying about transaction costs cutting into their revenues. In addition, OpenSea, one of the world's major NFT markets, recently stated that it will support Solana.
This is a significant development, since it implies that artists and producers who utilize the Solana blockchain will now have access to a far bigger pool of possible purchasers.
While Solana may not yet have the same degree of support and infrastructure as Ethereum, the platform is fast gaining traction, and its promise is evident.
