SOLANA LAUNCHED BONK NFTs

in hive-183397 •  2 years ago 

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Crypto prices are popping off this week but for while it feels like is a stablecoin when the price is not moving. Bitcoin and Ethereum have always catching attention and there have been some really altcoin news happening this week. Avalanche has partnered up with Amazon web services, this is huge news for Avalanche. Avalanche is one of the blockchains doing this to bring blockchain solutions to enterprises, institutions, and the government. This will make it easier for developers to launch and manage nodes on the Avalanche network with just one click node deployment.

The partnership will also open up the avalanche dApp ecosystem to the world of AWS, making it a massive step forward for crypto adoption. Ava Labs which is the company behind Avalanche also plans to add support to Avalanche's subnet to the AWS marketplace. This is will make it possible for institutions to launch a custom subnet. founder and CEO of Avalanche came out and said t has been a huge boom for people and developers to be able to spin up nodes. We know that news drives the market, so it is surprising to see the Avalanche token pumping up big time on this announcement.


Solana is back again with the launch of Bonk NFTs, the hot meme coin NFTs. This is created by the same people behind the Bonk token. 15 thousand art collections launched on the Solana market place and it is sold out in a couple of hours which is not surprising considering how popular Bonk is right now. The NFT is sold for 16.25 million Bonks a piece which sounds like a lot which is $26 because of Bonk as a ridiculous supply. That has not stopped the secondary market from jumping on board, the floor price premium is 17 SOL which is around 280 dollars. The project has brought about 900 thousand dollars worth of trading fees. All the money spent on NFT will be burned which is around 165 million Bonk tokens to help reduce its overall supply.


Polygon network aid Solana base NFT project to migrate chain. The founder of both projects come to explain the situation, they said the term was offered more money than what they ended up getting from Polygon but in the end, they decided to choose polygon because it is the best network for them to actually be using. They said the $3 million will be used by youth and Degot to expand the team and to grow the project through business development. Despite this news, Polygon continues to do great bringing new partners on board. Polygon partnered with a master card to launch a web3 musician accelerator program. The program will help five upcoming artists to create their web3 brand. Master card will also be launching an NFT collection called Master card Music Pass for the artist not chosen for the accelerated program. This is another step forward for Polygon as they look to become a blockchain and a web3 hub for music.

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thank you for this information