Solana NFT Drops: On Chain Activity and New SOL NFT Drops

Muhammad Naeem

Blogger

NFTs are the building blocks of the new upgraded version of the internet, the web3. They are revolutionizing the real world Web3 and digital worlds of metaverse and blockchain-based video games. Almost all blockchains offer NFTs with their own set of perks. Ethereum holds the supreme position and almost all blue NFTs are Ethereum-based. However, other blockchains are also kickstarting and Solana is one of the leading blockchains in that list.

History of Solana NFT Drops:

Solana, as a blockchain for NFTs, is offering top-notch NFT projects. However, since less than 1% of NFT projects succeed, it is necessary to do the research before investing in NFTs. For that, let’s take a look at past Solana NFT drops.

CorruptCatz:

CoruptCatz NFT was dropped between October 08, 2021 – and October 09, 2021, on NFT Drops Radar Calendar. The project is a collection of 10,000 digital cats on the Solana blockchain. The project was launched at a mint price of 2 SOL. The price of Solana in 2021 was $100. Currently, the floor price of the project is 0.5 SOL while the price of Solana is just $21. If you had spent $200 to mint an NFT, it would be worth only just 10% of what you invested.

The Bull Herd:

The Bull Herd NFT drop was dropped the same day as above for the mint price of 2 SOL. The collection includes 10,000 NFTs of different genders and traits. The current floor price of the Bull Herd NFT is 0.8 SOL, which means a loss of 60% for the initial minters.

Mafia vs. Police:

The Mafia vs. Police NFT project was minted between October 20, 2021, Oct 21, 2021. These randomly generated NFTs were minted for a price of 1 SOL and now the floor price of the project is 0.4 SOL. The price of this project also depreciated by 60%.

SolChicks:

SOLChicks is a leading multiplayer battle game on the Solana blockchain. The project has a huge community and the NFTs were minted at a price of 3 SOL per NFT. Despite the strong bearish market and fading NFT trend, the project is maintaining the floor price of 2.5 SOL. This is one of the most successful Solana projects.

SolChicks NFT Drop

Bat Punks Collection:

This was a collection of 10,000 uniquely generated artworks from 150 hand-drawn traits. It launched on October 15, 2023, with a mint price of 0.05 ETH. The current floor price is 0.03 ETH, which means a loss of 40% for the initial minters.

How can On-chain activity impact SOL NFT Drops?

Increasing the on-chain activity of any blockchain demonstrates the popularity and scarcity of NFTs. This means that more developers are active and the level of engagement is increasing.

Likewise, the low on-chain activity means, developers are shifting to other blockchains or abandoning their projects. The same is the case with the Solana blockchain. Since October 2022, the number of active addresses on the Solana blockchain has been declining.

On chain activity impact SOL NFT Drops

Low Solana on-chain activity can impact upcoming SOL NFT Drops in many ways: • Lack of interest and adoption of Solana by users, developers, and investors • Lack of innovation and diversity in the Solana ecosystem • Affect the security and performance of Solana • Influence the price and profitability of Solana’s native token SOL

Upcoming Solana NFT Drops: Calendar

There are 8 projects coming between September 22, 2023, and October 08, 2023, on the Solana blockchain. SOL NFT Drops mint when the price of Solana is already more than 90% down from its all-time high. If you land on a project with good potential and its price appreciates, you can also benefit from the price increase of Solana token $SOL.

Following are the upcoming Solana NFT Drops in September 2023:

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1. Torrino DAO:

Torrino DAO is a collection of 1000 NFTs with 37 NFTs. Torrino NFTs NFTs have a community-driven approach and the mint price for public sale is set to 5 SOL per NFT. The mint is currently live.

2. Game of Mages: Dragon Eggs

Dragon Eggs is a play-to-earn game where players can extract rarity and create unique dragons from NFT eggs. The pre-sale price is set to 2.27 SOL and the Public Sale Price is set to 3.4 SOL. This SOL NFT Drop goes live on September 15, 2023.

3. World of Girls:

World of Girls is a collection of 3,333 beautiful NFT girls with fantastic quality art, created by Mad Bears Club. The pre-mint price of the project is set at 0.2 SOL while the public mint price is set to double of it. The NFT project goes live on September 22, 2023.

4. ArbitrageBridge:

This project is a collection of 1,000 NFTs that grant lifetime access to the ArbitrageBridge bot, a tool that helps users find and execute arbitrage opportunities across blockchains. This utility NFT drop on the Solana blockchain goes live tomorrow, September 22, 2023. The pre-sale has ended or was never offered, however, the public mint price for the project is set to 2 SOL.

5. Dancingdeerz

Dancingdeerz is a collection of 9,999 NFTs that represent the diversity and beauty of the jungle, aiming to protect the environment through charitable donations. The pre-mint price of the Pre-Sale Price for this SOL NFT drop is 0.099 SOL and the public sale price is 0.077 SOL.

Solana NFT Drops Projects Updates:

Though Solana has been undergoing hard times since the FTX collapse and the price dropped from an all-time high of $269 to a low of $11, the price is stabilizing. Since the network is partially recovering from the major price crises and selling pressure, there are NFT projects that are migrating from other chains to the Solana blockchain.

Helium is one such project that brings its entire ecosystem and the entire community to the Solana blockchain. Helium has its physical nodes available and for every physical node, an NFT will be minted on the Solana blockchain.

Now these NFTs are available for redemption by hotspot owners that support Helium through their wireless bandwidth.

Takeaway:

Solana NFT drops in a bearish market can be an opportunity for NFT hunters. The past SOL NFT drops were not a success because of the price drop and bearish market. However, since the price of Solana is already down if you land on a good project, there’s a higher probability of hunting a profitable project.