By Prashant Jha Published 2 days in the past Updated 2 days in the past 
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By Prashant Jha Published 2 days in the past Updated 2 days in the past
Popular crypto trade FTX has introduced help to a few of the main NFT initiatives on Solana ($SOL) in a cryptic tweet. The cryptic tweet in query featured silhouetted pictures of Degen Ape Academy, Aurora, Thugbirdz, and Solana Monkey Business. The tweet later added Galactic Geckos, a newly launched Solana NFT mission in a follow-up tweet.
Don’t fear we’ve not forgotten our house cadets and plenty of different superb initiatives! 🙂 pic.twitter.com/SMHmbGKulP
— FTX – Built By Traders, For Traders (@FTX_Official) September 30, 2021
Solana over the previous quarter has dominated the crypto market when it comes to new value highs and the launch of a number of new NFT initiatives which have burst into the highest digital collectibles in a really brief interval. The Bored Ape sequence, particularly, has been a rage with the preferred NFT fetching thousands and thousands for the digital avatar.
FTX unveiled its native NFT platform final month which had fairly a weird opening. The NFT minting charges had been waived on the time of launch that led to many individuals simply spamming the community with fish footage. This prompted the trade to impose a one-time minting payment of $500 resulting in heavy backlash from the crypto group. The trade then diminished the NFT minting payment.
1) Due to the large variety of submissions, too a lot of which had been only a image of a fish, we at the moment are charging a one-time $500 payment to submit NFTs.
Hopefully this may cut back spam.https://t.co/46FabjTVfy
— SBF (@SBF_FTX) September 6, 2021
Solana Recovers From Network Glitch
Solana ($SOL) was among the many highest gainers within the third quarter when the remainder of the crypto market was reeling from a bearish wave. $SOL value rose from simply above $35 in direction of the beginning of August and rose to a brand new ATH of above $200 almost tripling its earlier ATH of $80.
The Ethereum killer nevertheless confronted a community bug final month resulting in a shutdown of the blockchain for almost 24-hours. This result in a value hunch that noticed the altcoin retrace to sub $120 ranges. However, the altcoin has managed to get better from the networking setback and at the moment buying and selling above $160 with double-digit good points with the beginning of October. The begin of the bullish final quarter may assist $SOL get again to its bullish methods and retest its ATH.
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Twitter LinkedIn Prashant Jha An engineering graduate, Prashant focuses on UK and Indian markets. As a crypto-journalist, his pursuits lie in blockchain know-how adoption throughout rising economies. 
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