Solana NFTs Come to Portfolio App Floor Amid Mad Lads Boom
Floora mobile NFT portfolio tracking app, has expanded beyond Ethereum ecosystem to include support for Solana NFTs start today. And the timing could prove fortuitous for Floor, coming just days after the mint for Mad Lads, Solana’s most buoyant NFT drop in months.
Solana is the second layer-1 blockchain platform supported by Floor, meaning that projects such as Claynosaurz, Solana Monkey Businessand Okay Bears can now be tracked in the mobile app on iOS and Android.
The Solana Foundation helped with Floor’s expansion into the space, according to Floor CEO and co-founder Chris Maddern. He told Decrypt that the foundation helped the startup understand the technology and potential partners in the space, and teased future collaborations going forward.
“We are also excited about some upcoming public good projects that we are embarking on with the Solana Foundation to make NFT data more accessible and understandable to developers and users,” Maddern added.
Maddern said Solana support had been widely requested by Floor users, adding that he believes it is “clearly positioned to support large-scale use of NFTs in important use cases such as gaming and identification.”
“Solana is one of the few blockchains we expect to be a meaningful part of integrating large numbers of users into new use cases for NFTs,” he added, “and are excited to partner with them to make the entire Solana NFT- the ecosystem simple, understandable, and accessible with Floor.”
The Solana NFT market was given fresh life at the end of last week with the launch of Crazy boysa 10,000 piece profile picture (PFP) project that quickly sold out and subsequently generated over $10 million in secondary trading volume, surpassing all Ethereum projects in 24-hour trading volume on Saturday (per CryptoSlam).
Mad Lads is the first NFT project to be launched within Backpack, an all-in-one wallet that enables token-gated experiences, playable games and more in-app. It is built around what developer Coral calls xNFTs, or executable NFTs.
The originally scheduled Thursday coin was postponed to Friday after being bombarded with activity, including what Coral CEO Armani Ferrante tweeted were “billions of requests” from automated bots trying to dominate the coin. On Friday, Coral briefly led bots against a fake coin and gave $250,000 worth of SOL in what it described in a tweet as a “honey pot”. Coral eventually refunded all users.
Floor’s move to Solana had been in the works for some time prior to the Mad Lads coin, but the timing worked out for Floor to launch a surge for the Solana NFT space. Mad Lads is the first significant coin in months on Solana, which recently saw two of its most popular projects – DeGods and y00ts –bridging to other blockchain networks.
Floor raised $8 million in seed funding last year, which was announced in June 2022 when former Robinhood Crypto COO Christine Hall was revealed as COO and co-founder. This past January, Floor acquired and integrated WGMI.ioan NFT analysis platform.
Maddern told Decrypt that the number of unique monthly active wallets linked to Floor has risen in recent months to over 50,000. In January, the service reported over 22,000 total unique wallets linked to that point. The startup also recently launched social features, which allow users to claim a tokenized Floor username.
He pointed to the VC firm Andreessen Horowitz recent “State of Crypto” report, which showed a significant decline in the use of mobile crypto wallets, and believes that mobile apps and platforms can play a different kind of role in the NFT ecosystem going forward.
“We’re increasingly convinced that a mobile use case in Web3 is not necessarily centered in transactions,” Maddern said, “but in exploration and discovery.”
