{"id":298199,"date":"2023-03-19T06:00:01","date_gmt":"2023-03-19T00:30:01","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=298199"},"modified":"2023-03-18T18:41:49","modified_gmt":"2023-03-18T13:11:49","slug":"solanas-nft-space-updates-look-promising-but-whats-in-it-for-sol","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/solanas-nft-space-updates-look-promising-but-whats-in-it-for-sol\/","title":{"rendered":"Solana\u2019s NFT space updates look promising, but what\u2019s in it for SOL"},"content":{"rendered":"<ul>\n<li style=\"font-weight: 400;\"><em><span style=\"font-weight: 400;\">Solana\u2019s NFT sales volume declined, but transactions per program increased.<\/span><\/em><\/li>\n<li style=\"font-weight: 400;\"><em><span style=\"font-weight: 400;\">TVL and token value increased last week, but a few metrics were bearish.\u00a0<\/span><\/em><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Solana Mobile recently made a major announcement that can have a potential impact on the<\/span> <span style=\"font-weight: 400;\">Solana [SOL]<\/span><span style=\"font-weight: 400;\"> ecosystem. As per the announcement, the full Saga product design files became open source.\u00a0<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Big news, Saga fam \ud83d\udce2<\/p>\n<p>We have been asked a bunch of times for the Saga phone case specs. Well, you asked. We listened.<\/p>\n<p>The full Saga product design files are now open source!<\/p>\n<p>Let&#39;s dive into what this means \ud83e\uddf5\ud83d\udc47<\/p>\n<p>&mdash; Seeker | Solana Mobile (@solanamobile) <a href=\"https:\/\/twitter.com\/solanamobile\/status\/1636501905940844544?ref_src=twsrc%5Etfw\">March 16, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">The files Solana is dropping are sufficient for anybody wanting to build their own physical accessories for Saga, for commercial or personal use. As part of the release, Solana Mobile made two documents available. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">The first one was the Saga Interface Control Document, which is a collection of 2D drawings depicting the phone. The second one was Saga 3D Surfaces, an IGES file that works across virtually all modeling programs made for engineering.<\/span><\/p>\n<hr \/>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">Read<\/span><a href=\"http:\/\/ambcrypto.com\/predictions\/solana-price-prediction\" target=\"_blank\" rel=\"noopener\"> <span style=\"font-weight: 400;\">Solana\u2019s [SOL] Price Prediction<\/span><\/a><span style=\"font-weight: 400;\"> 2023-24<\/span><\/p>\n<hr \/>\n<h3><span style=\"font-weight: 400;\"><strong>Solana NFT space in trouble<\/strong>?\u00a0<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">CryptoSlam\u2019s<\/span><a href=\"https:\/\/www.cryptoslam.io\/blockchains\/solana\" target=\"_blank\" rel=\"noopener\">\u00a0<span style=\"font-weight: 400;\">data<\/span><\/a><span style=\"font-weight: 400;\"> revealed that Solana\u2019s NFT space witnessed a massive decline in terms of sales. As per the data, Solana\u2019s NFT sales volume decreased by nearly 30% over the last month, which looked concerning. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, with Solana Mobile\u2019s new announcement and a few other partnerships, things can turn around. One of blockchain&#8217;s recent partnerships is with Crossmint. The latter recently revealed the launch of its new compressing API in collaboration with Solana, Metaplex, and Helius.\u00a0<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">A new era for NFTs starts today \ud83e\udd77<\/p>\n<p>Announcing Compression APIs in partnership with <a href=\"https:\/\/twitter.com\/solana?ref_src=twsrc%5Etfw\">@solana<\/a> <a href=\"https:\/\/twitter.com\/metaplex?ref_src=twsrc%5Etfw\">@metaplex<\/a> @heliuslabs <\/p>\n<p>Start minting NFTs in minutes, at a fraction of the cost<\/p>\n<p>Launching today in beta. Giving out a few exclusive API codes to start building for free \ud83e\uddf5 <a href=\"https:\/\/t.co\/GWKEQByr2G\">pic.twitter.com\/GWKEQByr2G<\/a><\/p>\n<p>&mdash; Crossmint (@crossmint) <a href=\"https:\/\/twitter.com\/crossmint\/status\/1636772626113740817?ref_src=twsrc%5Etfw\">March 17, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">It was interesting to note that despite the decline in sales volume, NFT transactions per program on Solana went up of late. Magic Eden, which is one of the largest NFT marketplaces, also showed a similar<\/span><a href=\"https:\/\/dune.com\/sealaunch\/Solana-Transactions\" target=\"_blank\" rel=\"noopener\"> <span style=\"font-weight: 400;\">increase<\/span><\/a><span style=\"font-weight: 400;\"> in transactions per program for Solana.\u00a0<\/span><\/p>\n<figure id=\"attachment_298200\" aria-describedby=\"caption-attachment-298200\" style=\"width: 1828px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/03\/DUNE-5.jpg\"><img decoding=\"async\" class=\"size-full wp-image-298200\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/03\/DUNE-5.jpg\" alt=\"\" width=\"1828\" height=\"380\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/03\/DUNE-5.jpg 1828w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/03\/DUNE-5-300x62.jpg 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/03\/DUNE-5-1024x213.jpg 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/03\/DUNE-5-768x160.jpg 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/03\/DUNE-5-1536x319.jpg 1536w\" sizes=\"(max-width: 1828px) 100vw, 1828px\" \/><\/a><figcaption id=\"caption-attachment-298200\" class=\"wp-caption-text\">Source: Dune<\/figcaption><\/figure>\n<h3><strong>Network health improves\u00a0<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">Another piece of good news for the blockchain was that its network value registered an uptick. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">A look at DeFiLlama\u2019s<\/span><a href=\"https:\/\/defillama.com\/chain\/Solana\" target=\"_blank\" rel=\"noopener\"> <span style=\"font-weight: 400;\">data<\/span><\/a><span style=\"font-weight: 400;\"> revealed that the blockchain\u2019s total value locked (TVL) gained upward momentum over the last few days. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">In addition to that,<\/span><a href=\"http:\/\/ambcrypto.com\/binance-us-delists-helium-hnt-possibly-over-migration-to-solana\/\" target=\"_blank\" rel=\"noopener\"> <span style=\"font-weight: 400;\">Solana<\/span><\/a><span style=\"font-weight: 400;\">\u2019s DEX volume also spiked last week since the BONK rush earlier in January, which looked promising.\u00a0<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">NEW: Solana DEX volume saw its biggest week since the BONK rush earlier in January. <a href=\"https:\/\/t.co\/liU85Vp9eh\">pic.twitter.com\/liU85Vp9eh<\/a><\/p>\n<p>&mdash; Step Data Insights (@StepDevInsights) <a href=\"https:\/\/twitter.com\/StepDevInsights\/status\/1636785719518859264?ref_src=twsrc%5Etfw\">March 17, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<hr \/>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">Realistic or not, here&#8217;s<\/span><a href=\"http:\/\/ambcrypto.com\/calculator\/marketcap\" target=\"_blank\" rel=\"noopener\"> <span style=\"font-weight: 400;\">SOL market cap in BTC&#8217;<\/span><\/a><span style=\"font-weight: 400;\">s terms<\/span><\/p>\n<hr \/>\n<h3><strong>SOL makes investors happy<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">SOL\u2019s price action has been strongly bullish, thanks to the current market sentiment. As per<\/span><a href=\"https:\/\/coinmarketcap.com\/currencies\/solana\/\" target=\"_blank\" rel=\"noopener\"> <span style=\"font-weight: 400;\">CoinMarketCap<\/span><\/a><span style=\"font-weight: 400;\">, SOL\u2019s price increased by over 10% in the last 24 hours. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">At press time, it was trading at $22.29 with a market capitalization of $8.5 billion. However, the possibility of a trend reversal can\u2019t be ruled out as a few of the metrics were bearish. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">For instance,<\/span><a href=\"http:\/\/ambcrypto.com\/solana-presented-bears-with-a-risky-opportunity-after-this-point\/\" target=\"_blank\" rel=\"noopener\"> <span style=\"font-weight: 400;\">SOL<\/span><\/a><span style=\"font-weight: 400;\">\u2019s latest pump was not accompanied by a considerable volume, which by and large is a negative signal. Weighted sentiments declined over the last few days, suggesting less trust among investors in SOL. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Though SOL\u2019s development activity increased compared to the last week, the graph was still on the lower side, which is also negative for a network.\u00a0<\/span><\/p>\n<figure id=\"attachment_298201\" aria-describedby=\"caption-attachment-298201\" style=\"width: 2560px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/03\/Solana-SOL-13.27.45-18-Mar-2023.png\"><img decoding=\"async\" class=\"size-full wp-image-298201\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/03\/Solana-SOL-13.27.45-18-Mar-2023.png\" alt=\"\" width=\"2560\" height=\"867\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/03\/Solana-SOL-13.27.45-18-Mar-2023.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/03\/Solana-SOL-13.27.45-18-Mar-2023-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/03\/Solana-SOL-13.27.45-18-Mar-2023-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/03\/Solana-SOL-13.27.45-18-Mar-2023-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/03\/Solana-SOL-13.27.45-18-Mar-2023-1536x520.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/03\/Solana-SOL-13.27.45-18-Mar-2023-2048x693.png 2048w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/><\/a><figcaption id=\"caption-attachment-298201\" class=\"wp-caption-text\">Source: Santiment<\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Solana\u2019s NFT sales volume declined, but transactions per program increased. TVL and token value increased last week, but a few metrics were bearish.\u00a0 Solana Mobile recently made a major announcement that can have a potential impact on the Solana [SOL] ecosystem. As per the announcement, the full Saga product design files became open source.\u00a0 Big<a href=\"https:\/\/ambcrypto.com\/solanas-nft-space-updates-look-promising-but-whats-in-it-for-sol\/\">Continue reading <span class=\"sr-only\">&#8220;Solana\u2019s NFT space updates look promising, but what\u2019s in it for SOL&#8221;<\/span><\/a><\/p>\n","protected":false},"author":70,"featured_media":298204,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,66,3,4029,4,20],"tags":[],"class_list":["post-298199","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-new-news","category-news","category-nft","category-social","category-trading-view"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.5 (Yoast SEO v28.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Solana\u2019s NFT space updates look promising, but what\u2019s in it for SOL - AMBCrypto<\/title>\n<meta name=\"description\" content=\"Solana Mobile recently made a major announcement that can have a potential impact on the Solana [SOL] ecosystem.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-image-preview:large\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ambcrypto.com\/solanas-nft-space-updates-look-promising-but-whats-in-it-for-sol\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Solana\u2019s NFT space updates look promising, but what\u2019s in it for SOL - AMBCrypto\" \/>\n<meta property=\"og:description\" content=\"Solana\u2019s NFT sales volume declined, but transactions per program increased. TVL and token value increased last week, but a few metrics were bearish.\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ambcrypto.com\/solanas-nft-space-updates-look-promising-but-whats-in-it-for-sol\/\" \/>\n<meta property=\"og:site_name\" content=\"AMBCrypto\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/cryptoamb\" \/>\n<meta property=\"article:published_time\" content=\"2023-03-19T00:30:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/03\/SOL.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Saman Waris\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/SamanWaris11\" \/>\n<meta name=\"twitter:site\" content=\"@CryptoAmb\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Saman Waris\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/solanas-nft-space-updates-look-promising-but-whats-in-it-for-sol\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/solanas-nft-space-updates-look-promising-but-whats-in-it-for-sol\\\/\"},\"author\":{\"name\":\"Saman Waris\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#\\\/schema\\\/person\\\/ad73a5a061fcfc27548aa27112d8b9d8\"},\"headline\":\"Solana\u2019s NFT space updates look promising, but what\u2019s in it for SOL\",\"datePublished\":\"2023-03-19T00:30:01+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/solanas-nft-space-updates-look-promising-but-whats-in-it-for-sol\\\/\"},\"wordCount\":514,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/solanas-nft-space-updates-look-promising-but-whats-in-it-for-sol\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2023\\\/03\\\/SOL.png\",\"articleSection\":[\"Altcoin\",\"News\",\"News 1\",\"NFT\",\"Social\",\"Trading View\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/ambcrypto.com\\\/solanas-nft-space-updates-look-promising-but-whats-in-it-for-sol\\\/#respond\"]}],\"copyrightYear\":\"2023\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/solanas-nft-space-updates-look-promising-but-whats-in-it-for-sol\\\/\",\"url\":\"https:\\\/\\\/ambcrypto.com\\\/solanas-nft-space-updates-look-promising-but-whats-in-it-for-sol\\\/\",\"name\":\"Solana\u2019s NFT space updates look promising, but what\u2019s in it for SOL - 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