Solana (SOL) Migrating To New NFT Standard In Next 60 Days - U.Today

Solana (SOL) Migrating To New NFT Standard In Next 60 Days – U.Today

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Tomiwabold Olajide

New asset class may likely become predominant standard

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose., an NFT lending protocol on Solana, has shared information on the migration to a new standard of NFTs.

As stated in a thread of tweets, Solana is migrating to “programmable NFTs,” or pNFTs. This refers to a new standard of NFTs introduced by Metaplex to help creators get their royalties back.

1/ Solana is migrating to pNFTs – here is everything you need to know so all of us are kept up to date 🤝

⏩ Everyone in the space should care about this change 👀

— Sharky 🦈 NFT-backed loans (@SharkyFi) January 25, 2023

Metaplex refers to the Solana-powered protocol that allows for the creation and minting of non-fungible tokens, auctions and visualizing NFTs in a standard way across wallets and applications.

The new asset class, “programmable NFTs,” will exist alongside “normal NFTs” and may likely become the predominant standard for royalty enforceme