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Going further, the Solana Monkey Business (SMB) stands out from others due to the fact that it sells only three collections: Commemoratives, Gen1 Monkeys and Gen2 Monkeys. Even though this decision helps with fast loading and an easy to use interface, it attracts only a limited number of customers.

Furthermore, we have a Solsea NFT marketplace. It provides an easy to use marketplace and eye-catching design with the option to have different website templates. On the contrary to the two projects above, Solsea offers a variety of NFT collections and easy-to-use listing system. Also, this project has a rarity rank, which helps to identify rare items on the market. Moreover, the project is implementing Solana and stable coins as a payment option. They provide the opportunity to mint, list, buy and sell in SOL, USDC, USDT, which helps them to attract a bigger share of the market.

Taking a deeper look at Solana based marketplaces, we can state - to attract as big market share as possible we need to focus on developing an easy to use platform, offer as many collections as possible and a fair ranking system.

We have analyzed the NFT marketplaces which work only on Solana blockchain, but NFT technology is naturally evolving and projects have a chance to build their marketplaces on multiple blockchains. Therefore our marketplace will offer multichain functionality.

As an example we have a project Xircus. Their goal is to provide a marketplace for NFT artists with useful tools such as asset tracker, market explorer, provide center, token factory, leaderboard and others. In order to help artists to sell as much artwork as possible Xircus offers the opportunity to purchase NFTs in BSC, Polygon, Fantom, Ethereum, Moonbeam, Moonriver, Avalanche, Celo, POA, XDAI, Heco, Arbitrum, Optimism, Fuse, Aurora, Solana, Flow and Near. Not only do they offer the purchases in so many crypto currencies, but they also provide really artist-friendly conditions as well - artists can get started for free, listing fees start at $1, custom market fees start at $1 too, and the Xircus is not taking royalty fees. All of these benefits are appealing to artists, but the only one that mentions the eventual customer's perspective is the opportunity to earn money as a collector. As a result, the final consumer, the buyer, is ignored, and no marketing strategy to entice them exists.

Xircus project is considered as an indirect multi-chain competitor, we should talk about the direct competitor that is based on multi-chain technology. It would be the project called TofuNFT. Fully launched in November, according to DappRadar the project has $888.59k volume. The marketplace looks clean and easy to use, which attracts customers together with an idea of purchases possible in 24 cryptocurrencies: BNB Chain, Avalanche, Shiden, Optimism, Moonriver, Klaytn, Metis, Meter, Ethereum, Polygon, Harmony, Fuse, Boba, Aurora, Celo, Heco, Arbitrum, Astar, Fantom, Moonbeam, Cronos, Telos, Oasis Emerald and OKExChain. The page has collections rankings, launchpad for future’s NFT collections and auctions sections, which is really useful for both - final consumers and artists.

To sum up all competitors, we can state that no matter which way one goes - single-chain or multi-chain, they still need to be customer-oriented and provide an easy to use, fast working platform. Of course, the more cryptocurrencies supported the bigger targeted audience can be reached, but it’s important to not forget about the quality of service