Solana (SOL) just hit an all-time high value after the comedian and TV host changed his Twitter profile image. Comedian Steve Harvey simply modified his profile picture to that of a Solana Monkey Business NFT. Solana’s NFT scene has picked up significantly in recent weeks amidst surging worth for the SOL cryptocurrency.
Solana has been one of the hottest cryptocurrencies of late, rapidly rising in worth from a value of about $37 one month in the past to an all-time high of nearly $197 right this moment, based on CoinGecko. Rising network activity is credited for that swing, and now even comedian and tv host Steve Harvey is getting in on the “Solana Summer” NFT hype.
In the present day, Harvey changed his Twitter profile picture to that of an NFT from the Solana Monkey Business collection, a set of 5,000 randomly generated images of cartoonish, pixelated monkeys. An NFT serves as a deed of ownership for practically any sort of digital item, and profile pictures collections like CryptoPunks and the Bored Ape Yacht Club are in immensely excessive demand of late.
Both CryptoPunks and Bored Apes are based mostly on Ethereum, by far essentially the most active platform for NFT collectibles. In August alone, the main market OpenSea registered more than $3.4 billion worth of NFT trading quantity on Ethereum, and the overwhelming majority of top-trading NFT tasks dwell on that blockchain network.
Solana is starting to put up a fight, nevertheless. The so-called “Ethereum killer” is a more energy-efficient blockchain network than Ethereum at current, and it is able to deal with a lot bigger quantity of transactions with fewer charges.
Only a few weeks in the past, NFTs on Solana weren’t even part of the dialog amongst collectors—however, they’re discovering avid buyers and driving demand on the rising platform.