The Solana-based digital asset incubation platform Metaplex has announced plans to launch new immersive 3D non-fungible tokens in partnership with renowned digital artist Mike Winklemann, “Beeple”, on the Solana network.
On November 6, Stephen Hess, the CEO of Metaplex Studio, confirmed its new partnership with Beeple to bring immersive 3D NFTs to Solana. Hess announced the new collaboration during Solana Breakpoint Conference in Lisbon, Portugal.
— Solana Breakpoint | LISBON Nov. 4-7 (@SolanaConf) November 6, 2022
Beeple To Release 3D NFTs On Solana
It’s worth noting that the Solana ecosystem has been striving hard to remain in the top ten blockchains by market capitalization. The NFTs, GameFi and Metaverse are major investments in the Solana ecosystem.
Metaplex is the most extensive NFT protocol on the Solana blockchain. Since its inception in August 2021, the platform has helped users mint over 20 million NFTs with more than 5.9 million unique owners.
Metaplex has been upgrading its ecosystem in the past few weeks to help Solana gain more users. Metaplex recently announced the launching of an NFT compression feature assisting the collectors in reducing transaction costs. The Metaplex explained:
“The Metaplex is ushering in the next generation of NFTs on Solana that leverages on-chain compression to lower the cost to mint and store digital assets dramatically.”
Beeple To Attract More Artists To Build On Solana
In the same context, Metaplex anticipates teaming up with Beeple will attract more digital art collectors to build on Solana. Beeple is a high-profile digital artist with a good performance track of creating great content. Remarkably, Beeple created an artwork that sold for $69 million last year.
In the meantime, Metaplex’s native token, $MPLX, has reacted sharply over the announcement. According to CoinMarketCap, $MPLX has gained approximately 2.3 per cent in the past 24 hours to trade around $0.1018.
On the other hand, Solana (SOL) also rose sharply above $35 a few hours after the announcement on November 6. At the time of publishing, SOL seems to be consolidating around $31.
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