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Solana NFTs appear in portfolio app amid Mad Lads growth

Solana NFTs appear in portfolio app amid Mad Lads growth

The Floor app now supports Solana NFTs, with the feature being released just days after Solana’s most popular mint in months.

Floor, a mobile app to track NFT portfolios, has extended beyond the Ethereum ecosystem to support Solana NFTs as of today. And the timing may prove fortunate for Floor, arriving just days after the release of Mad Lads, Solana’s most anticipated NFT release in months.

Solana is the second layer-1 blockchain platform that Floor supports. This means that projects like Claynosaurz, Solana Monkey Business, and Okay Bears can now be watched in the mobile app for iOS and Android.

According to Floor CEO and co-founder Chris Maddern, the Solana Foundation aided the company’s expansion into the sector. He told to Decrypt that the Foundation assisted the startup in understanding the technology and potential collaborators in the space, and hinted at future collaborations.

“We’re also excited about some upcoming public good projects that we’re embarking on with the Solana Foundation to make NFT data more accessible and understandable for developers and users alike,” Maddern added.

“Solana is one of few blockchains we expect to be meaningfully a part of onboarding large numbers of users to new use cases for NFTs,” he added, “and are excited to partner with them on making the entire Solana NFT ecosystem simple, understandable, and accessible with Floor.”

The launch of Mad Lads, a 10,000-piece profile picture (PFP) project that sold out quickly and then generated over $10 million in secondary trading volume, gave the Solana NFT market a new lease on life late last week, according to CryptoSlam. This was the first time that any Ethereum project had more trading volume in 24 hours than Mad Lads.

Mad Lads is the first NFT initiative to be released through Backpack, an all-in-one wallet that enables token-gated experiences, playable games, and more within the app. It is based on what developer Coral terms executable NFTs, or xNFTs.

Coral CEO Armani Ferrante stated that “billions of requests” from automated bots seeking to dominate the mint postponed the Thursday mint until Friday. Coral tweeted that a “honeypot” drove bots to a fake mint on Friday yielded $250,000 in SOL. Coral refunded all consumers in the end.

Floor’s move to Solana had been planned for a while before the Mad Lads mint, but the timing worked out so that Floor is starting at a good time for the Solana NFT space. Mad Lads is Solana’s first big mint in months. Two of its most famous projects, DeGods and y00ts, recently moved to other blockchain networks.

Floor raised $8 million in seed funding last year, disclosed in June 2022 when former Robinhood Crypto COO Christine Hall became COO and co-founder. Floor added NFT analytics platform in January.

According to Maddern, the number of distinct monthly active wallets connected to Floor has risen to over 50,000 in recent months. In January, the service reported that over 22,000 unique wallets had been connected. The startup has also recently launched social features, allowing users to obtain a tokenized username on Floor.

“We’re increasingly convinced that a mobile use case in Web3 isn’t necessarily centered in transactions,” Maddern said, “but in exploration and discovery.”

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