☀️Why Solana

LIQNFT is built on Solana as a layer 2 solution for NFT. The reason for choosing Solana as the L1 is based on the following 4 factors:

Gas Fees. While Ethereum does have the biggest NFT market today, the team believes that Solana's lower gas fees and robust trading infrastructure is more suitable to support building an efficient and liquid NFT market over the longer term.

Trading Community. Anchored around FTX, Serum and Raydium, Solana has one of the most advanced trading infrastructure bot DEX and CEX. LIQNFT will integrate and leverage Solana's many trading venues and AMMs to create an efficient and liquid trading infrastructure for our users.

NFT Community. Solana has a very vibrant NFT ecosystem with likes of Magic Eden, Solanart and Solana Monkey Business all picking up popularity and momentum in recent days. Furthermore, spearheaded by Solana's trading community, the blockchain network has gained significant traction with mainstream media attention recent days and is well positioned to be a major contender for L1 dominance.

Solana Wormhole. Wormhole is a cross-chain protocol that allows for tokenized assets to move seamlessly across networks. Leveraging wormhole, LIQNFT is able to cross over rare and expensive ETH NFTs onto Solana to benefit from the fast transaction speed and low cost. At the time of writing, LIQNFT has already successfully crossed an ETH NFT onto Solana to be fractionalized.