Solmap, a calligraphy project recently launched by Magic Eden, has caused a heated discussion and trading frenzy within the Solana ecosystem. This project allows users to own and trade NFTs and calligraphy representing transaction history within specific time periods on the Solana network. Within less than a day of its launch, Solmap’s trading volume reached $5.02 million.
With the calligraphy sector continuing to gain traction on major public chains, Solana’s calligraphy projects Sols and Lamp have also attracted a lot of attention from the community. With mutual promotion, the price of SOL reached a new high for the year, briefly breaking through $88 and rising by 13% in the past 24 hours.
The driving force behind this trend may stem from the community’s enthusiastic pursuit of Solmap calligraphy last night. According to data from Magic Eden, one of the main NFT markets on the Solana blockchain, Solmap ranks first in terms of trading volume, with a volume of 57,700 SOL in less than a day since its launch. Based on the current SOL price (approximately $87), this is equivalent to a value of $5.02 million.
Currently, the floor price for Solmap is 0.74 SOL, but some netizens have pointed out that some transaction prices have reached astonishing amounts of 120 SOL and 150 SOL.
What is Solmap? Solmap is a calligraphy project launched by Magic Eden, bringing a new way of expressing ownership of transaction history on the Solana network and allowing users to own a part of Solana’s historical records for the first time. Each Solmap plot includes the transaction history of 1,000 consecutive Solana slots (time units on the blockchain), as well as an NFT and calligraphy.
For example, if you mint 12345.solmap, you will own:
– An NFT and calligraphy representing 12345.solmap
– 1,000 Solana slots from 12345000 to 12345999
– The slot numbered 12345000 will serve as the main slot for that plot.
According to blockchain browsers, the Solana network currently has approximately 232 million slots, meaning that there are currently about 232,000 Solmap calligraphy in existence.
Magic Eden emphasizes that Solmap can be seen as digital real estate and encourages the community to innovate and develop on its basis. The announcement mentions potential development areas offered by Solmap, including block attributes, transactions, rewards, programs, and accounts. It is worth noting that once the minting is completed, Solmap will become a community-driven project, meaning that its development will rely on the active participation and support of community members.