Sorry Ethereum, but Solana would like to have a word on NFTs. Last week, a Solana NFT sold for $2.1 million breaking a previous network record.

Here’s what happened: So most of your favourite NFT platforms run on Ethereum, right? Wrong! A new crop of creators are minting NFTs on competing networks, like Tezos and Solana, and they’re starting to get mainstream adoption.

• An NFT collection from SolanaMonkeyBusiness which was minted on the Solana blockchain sold for 13,027 SOL (U.S.-$2.1 million). This was the most expensive Solana NFT sale to date.
• Some creators prefer Solana because of its faster transaction time, lower gas fees, and the ability for assets to exist cross-chain on Ethereum as well as SOL.

How to get in on the action? To buy your own SMB, head to SolanaMonkeyBusiness to make a transaction in SOL.

• The current floor price (lowest price listed) is 315 SOL (U.S.-$49 million)!

What’s next? Expect creators to continue to mint (launch) new NFTs on alternative blockchains, like Solana and Tezos, as Ethereum struggles to scale.