Just like any other marketplace, an NFT marketplace is an exclusive place to buy, sell, trade, hold, and stake NFTs. When it comes to the Solana-based NFT marketplace, it is a specific marketplace that is built on the Solana network to resolve scalability issues. Solana is a network that is well-known for its higher throughput rate and ultra-speed transactions at a reduced cost. Building a marketplace on such a robust network would make transactions simple, easy, and secure. All the credits go to its consensus mechanism, Proof of History (PoH), which is the imperative reason behind its speed and scalability.
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