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Solanart is a fully-fledged NFT marketplace based on the Solana network that allows anyone to acquire or sell Solana-based NFTs. Solanart aims to help promote artists and creators by providing them with a trustless marketplace to share their art.
When putting your NFT for sale, it is stored on a 'Temporary Account' owned by the marketplace program and added to a database which stores the data of the sale. When someone buys your NFT, the program transfers the SOL amount from the buyer to the seller, and then unlocks the NFT which is sent to the buyer. Solanart uses both on-chain and off-chain data. The off-chain data is stored on a database and used to display all the NFT for sale on the main page, while the on-chain data is used when displaying NFT one by one, or from the 'My NFTs for sale' section in the 'Wallet' tab. The choice of using the database for the main page was made to allow easy sorting of all NFTs per attributes, price, oldest or newest sales etc. On-chain data provides a secure and decentralized experience. In fact, the marketplace could be fully decentralized, but handling multiple thousands of NFTs for sale and displaying them with filters on the main page is currently not an option because of the request limitation on the Solana Network.
A 3% marketplace fee is taken on the selling price of every transaction. A creator's fee, which is chosen by the creators and therefore varies depending on the collection, is also taken on the selling price and fully perceived by the creators. Make sure you have enough SOL to cover transaction fee before listing your NFT for sale.
Daily sales: 1,417
Total sales: 641,507
Daily SOL volume: 3,215
Total SOL volume: 4,805,565