JPMorgan Says Ethereum Is Losing NFT Market Share to Solana

Ethereum’s dominance in non-fungible tokens (NFTs) is shrinking because of congestion and high gas fees, JPMorgan said in an analyst report. The network’s market share of NFTs has dropped to around 80% from about 95% at the start of 2021, analysts led by Nikolaos Panigirtzoglou wrote in the note published last week. Since August, Solana … Read moreJPMorgan Says Ethereum Is Losing NFT Market Share to Solana

Solana NFT Layer Metaplex Raises $46M

Metaplex, a company that allows users to build their own Solana-based non-fungible token (NFT) marketplaces, has raised a $46 million funding round led by Multicoin Capital and Jump Crypto, the company announced Tuesday. Metaplex says it will use the funding to scale its operations and provide grants to support creators from underrepresented communities. While the … Read moreSolana NFT Layer Metaplex Raises $46M