As NFT sales Ethereum and Solana Stagnation continues, all new Sui Blockchain It was raising a storm. After launching the mainnet on May 3, the network saw entire NFT pools sell out, netting hundreds of thousands of dollars in the process.
Sui represents the latest in a long line of blockchain networks that aim to break into a highly competitive industry. Dubbed the “Solana Killer” by some, she has marked her entry into NFTs with several combinations proving highly popular.
Among them is the leading 10k PFP group Fuddies which, despite some early hiccups, has seen nearly $800k in secondary trading in just 24 hours. The number that the project was keen to point to, surpassed that of the competing blockchain network, Polygon.
Fuddies just went through the whole thing @0xPolygonLabs In 24 hours sales volume and @employee They didn’t even have to pay us to launch their own chain pic.twitter.com/DhvBwpaMNs
– Foodies (FuddiesNFT) May 5, 2023
Sui Network builds the right infrastructure for NFT
Launched as a new layer 1 blockchain developed by Mysten Labs, Sui already has the infrastructure in place to deal with the rigors of the NFT industry. This includes several markets enhanced for Sui, including its original mall, Clutchy, as well as Aptos’ former market Souffl3.
Through Clutchy, Fuddies marked its owl-themed entry to Web3, but that debut was hampered by more than a few teething problems. At first, the drop was delayed by issues with launching the Sui mainnet, then secondary trading was hampered by a malfunction in Clutchy NFT market. However, now that Sui has resolved these initial problems, she can begin to expand her project further.
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*All investment/financial opinions expressed by NFT Plazas are derived from the personal research and experience of our site managers and are intended as educational materials only. Individuals are required to fully research any product before making any type of investment.
Eccentric human being, explorer, adventurer.