23 February 2023 11:20, UTC
Reading time: ~2 m
SolanaFM recently announced their intention to become the official explorer for Solanart. With the collaboration, the zero-fee NFT marketplace will enhance its UI. SolanaFM is known for its elevated transaction overview. The explorer will allow Solanart users to trade and track their NFTs smoothly.
Despite launching in August 2022, SolanaFM has established a widespread audience. The next-generation Solana Explorer has been making headlines ever since its launch. It started with the explorer managing to secure 4.5 million dollars in the seed funding round.
SBI Holdings served as the funding round’s leader, along with companies like K3 Ventures, Etherscan, Zee Prime, etc. A year before that, Coinhako and Etherscan led another large investment round in which SolanaFM brought in a lot of money.
The Explorer exudes reliability, with the Solana network backing its services. Its accumulation of funding rounds helped the explorer expand its services and hire talented individuals. As an explorer, SolanaFM stands out on multiple fronts.
It works with several Solana-based protocols to index data and help businesses outside of the blockchain. Compliance companies and banks are the two main groups using SolanaFM’s fair and quick data.
Names like Raydium and Genopets have worked with the explorer in the past, giving it access to the DeFi and GameFi circuits. SolanaFM has also made connections with the top three compliance companies so that it can offer a set of APIs for its monitoring services.
On the other hand, Solanart acts as the first and biggest NFT marketplace on the Solana network. It lets users access digital collectibles while exploring new NFTs. With Solanart, users can also buy and sell NFTs on Solana for zero fees.
Given the rising popularity of NFTs, the partnership between the zero-fee NFT marketplace and a unique explorer will certainly yield profitable results.