fbpx

Okay Bears NFTs Hit Record Sales, Helping Solana Contest Ethereum

Ethereum has enjoyed dominance and success in NFT sales for quite a while, but Solana’s new profile-picture NFT project, Okay Bears, managed to top all of the previous Ethereum NFT campaigns.

With 10,000 unique profile pictures, the big day for Okay Bears was Tuesday, April 26th. That’s when Solana’s NFT marketplace Magic Eden initially announced the collection for 1.5 SOL ($145) a piece. The secondary trading that followed made the price skyrocket and generated $18.4 million in trading volume in just 24 hours, thus beating Ethereum’s VeeFriends ($13.1 million), Meebits ($11.9 million), and Imaginary Ones ($10.1 million).

Solana Made History

Tuesday was marked with all-time highs for Solana, as it had the most unique fee payers, the highest volume of NFTs traded, and the highest number of smart contracts carried out. Starting at $145 for a piece, the cheapest Okay Bear went to approximately $5K just before selling out.

According to Magic Eden, the official marketplace, Okay Bears is a “clean collection of 10,000 diverse bears that will transcend the internet into the real world.” Tiffany Huang, the general manager of content and marketing at Magic Eden, explained: “It’s a new era of growth for Solana. Communities will ultimately pick winning collections regardless of chains.”

After celebrating a successful launch day, Solana announced their long-term plans in relation to Okay Bears NFTs, which have a strong resemblance to Ethereum’s previous NFT project, Bored Ape Yacht Club. The perks include the upcoming Bear Market (an exclusive marketplace), member-only NFT drops in the near future, and additional benefits that are yet to be revealed.

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed to be financial legal or tax advice. Trading Forex, cryptocurrencies, and CFDs poses a considerable risk of loss

Rate This Article
In order to improve, we give you the opportunity to rate DailyCoin content
Author

Tadas Klimasevskis is a blockchain journalist and content creator, focusing on the latest tendencies of the crypto world and digging deeper into specific innovations like music NFTs, gaming NFTs and Metaverse. Vast experience in social media lets Tadas quickly spot what’s going on in the crypto industry and deliver a story with a unique spin.