• Written by: Rudy Fares
• Tue, 07 Jun 2022
•   Germany

What are Great Goats NFT? The Mint price was 2.75 SOL and supply was limited to 11,111 NFT. Currently, the floor price is 6.9 SOL on Opensea.

Missed Bored Ape Yacht Club? Meet its competitor on Solana

CryptoTicker is thrilled to be the first German crypto news platform to release an NFT collection as a first stepping stone into its own Metaverse. To learn more about the NFTs and how to purchase them, click here.

What is Solana?

Solana is a blockchain that is decentralized. It’s designed to make scalable, user-friendly apps easier. SOL is Solana’s native cryptocurrency. In recent days, the SOL has gotten a lot of attention, especially with the current crypto surge. SOL functions in the same way as Ethereum’s ETH does. The sole distinction is that SOL holders stake the token in the PoS consensus process to validate transactions. Users can also participate in governance procedures, receive incentives, and pay gas fees. Solana is a single-chain, delegated Proof-of-Stake, and uses Cloudbreak, a shared log that blocks transaction history from using too much computer space.

What is Great Goats NFT?

Great Goats is an NFT collection on the Solana blockchain. The collection consists of 11,111 pieces and was sold at a mint price of SOL 2.75 per NFT. Thus, the developers of Great Goats have already been able to generate around 1.33 million dollars. If you own an NFT from the Great Goats collection, you can also stake those NFTs. So you can collect the $GOAT. This staking feature allows holders to generate passive income.

Why invest in Great Goats?

Great Goats was founded on the Solana blockchain, which is usually rather bad. Although Solana is a very fast blockchain, it often fails, which is why you should be careful. People believe less and less in Solana, which is why the project could fail in the future. If Solana fails, the whole ecosystem around Solana will fail as well. But just because the NFT collection is on the Solana blockchain doesn’t mean this project won’t make it. Solana hasn’t failed yet and the Solana developers could still improve the project. Here are a few points why Great Goats could have a positive development:

• Wide Reach – Great Goats has around 440,000 followers on Twitter.

Could Great Goats replace Bored Ape Yacht Club?

Our personal opinion is that Great Goats will not replace Bored Ape Yacht Club. After all, a majority of all NFT transactions take place on the Ethereum blockchain, which is why it will be difficult for projects on Solana to catch on. It could be that Great Goats on the Solana blockchain will be one of the most expensive projects, but don’t assume too much. The project was published on 06/05/2022, which is why it is not old and a lot can still happen.