The Complete Guide to Finding Upcoming Solana NFT Projects

Key Takeaways

  • Getting on the whitelist for upcoming Solana NFT projects that are of interest ensures you’ll be allocated a piece of the collection without having to compete with the general public on mint day.

  • Following influencers on Twitter is a great way to find projects to follow, while participating in Discord communities are paramount for finding profitable projects, making connections and are a safeguard against getting rug pulled.

  • Besides trading on secondary markets, traders can also explore setting up AMM pools.

Solana solidified its position as one of crypto’s best platforms for NFT interactions through the enactment of low transaction fees and high transaction speeds at the end of 2021. Since then, it’s emerged as a competitor to Ethereum—the chain always known for its flourishing NFT ecosystem.

Today, a year and a half later, the Solana NFT space has prevailed through multiple events, like the FTX scandal and the removal of enforced on-chain royalties. Although NFT trading volume is lower than January 2022’s all-time-highs, there are indications that the market is recovering. NFT traders can take the opportunity offered by quieter times of lower NFT activity for in-depth research, preparation and speculation on the next big Solana project that’ll net them the highest returns.

This article will cover the basics when it comes to getting started with trading Solana NFTs. We will also look at how to find upcoming NFT projects with potential—often the hardest parts for an NFT trader—using Discord communities and Twitter profiles, and will also cover more advanced forms of NFT trading like utilizing AMMs. Before we begin, remember that all tips and tools I’ll be covering are not meant to be taken as financial advice, and every reader should exercise discretion and do their due diligence before investing in any product.

What are NFT Whitelists?

In this article, there’ll be multiple mentions of NFT whitelists. NFT whitelists consists of wallet addresses that will receive early access to an NFT collection before its project launch. Every NFT project has a fixed amount of collection pieces (except open edition NFTs), so projects often hand out whitelist allocations to the most engaged members of the community as a way of recognising their efforts—allowing them to have a guaranteed allocation for a piece of the collection without having to compete with the rest of the world when mint day comes around. Being on the whitelist can also include other benefits like lower prices.

Getting Started

Before you start trading Solana NFTs, here are some of the tools you’ll need.


To begin trading Solana NFTs, you’ll need a wallet, and Solana offers a multitude of different wallets to choose from.

From the dawn of Solana NFTs back in 2021, Phantom has always been the go-to wallet for those interested in getting into the trade due to its user-friendliness. Other wallets like Slope and Solfare are also options to consider. Non-custodial software wallets like these are convenient for daily use and trading, although you may opt to keep your long-term holdings in a cold wallet for better security. 

Price Trackers

Price trackers are essential tools for NFT traders. They help traders make better decisions when initiating or closing trades. For instance, when a new NFT project is launched, price trackers can signal to potential buyers whether the current price is optimal for buying into the project. This is done by analyzing indicators such as listing count and trading volume, which can maximize potential earnings. Similarly, for new minters of the project, price trackers can help them predict when the floor price of the NFT will reach its peak, allowing them to maximize potential earnings.

Price Tracker: Solsniper

Source: Solsniper | Solsniper’s UI

One such price tracker is Solsniper, which offers more than just tracking. It has an integrated sniper—an algorithm that instantly buys any NFT that has the user’s desired trait or when the user’s pre-set price has been triggered. Additionally, it allows crypto traders experienced in technical analysis (TA) to add other typical TA indicators like Bollinger Bands to trade NFTs, just like how they would trade crypto coins.


Every NFT trader needs to know where to buy and sell their NFTs at the best rates. Marketplace aggregators like Tensor compile listings from multiple marketplaces (including the biggest NFT marketplace, Magic Eden, on Solana) onto one common platform, and are often are the best marketplaces for NFT traders.

Marketplace Aggregator Tensor

Source: Tensor | Tensor UI

Tensor’s growing adoption in the NFT community is partly due to its blazing-fast transaction speeds, outperforming other mainstream marketplaces like Magic Eden. Tensor even offers integration with TradingView, enabling it to also serve as a price tracker, while also offering a rewards system for incentivising users to trade on its platform.

Another type of NFT marketplace involves automated market makers (AMMs), enabling users to trade NFTs using liquidity pools just like how one would trade crypto using Uniswap. One such marketplace is Hadeswap, which allows its users to create buying and selling pools, an advanced method of trading that will be covered later on.

Understanding Market Sentiment

Now that we have all our necessary tools for trading Solana NFTs, how do we start finding projects to look into?


Following some of the biggest influencers in the space could be beneficial for finding new projects, as some of these projects pay for promotion and coverage on their channels, or collaborate with these influencers to give out whitelist spots.

S◎L Big Brain is one of the biggest Solana influencers out there, and they post updates on Solana and the crypto space in general, along with their takes on NFT projects.

Two other influencers to follow are Anglio and SolHub. They promote NFT projects quite often, and have their own gated Discord alpha groups that they admit people to on a weekly basis by sharing limited-invite links on Twitter as part of a giveaway. 

Other personalities to follow in the Solana NFT space includes Fake Jonny and Cozy ⓣhe Caller, who post analyses on projects and insights in the Solana space on their Twitter accounts.

The more Solana NFT Twitter profiles you follow, the greater your exposure will be to understanding the general market sentiment. You’ll have a better understanding of the hottest upcoming mints, or if there are any bearish changes to the ecosystem.


Getting into closed influencer discord groups is often the best way of initiating yourself into the forefront of the Solana NFT space, since they’re usually the most active groups that have high-quality alpha calls and whitelisting opportunities. Best of all, all this is usually completely free of charge.

If you don’t have access to these groups, there are also other public discord servers that provide an active community for one to join, some of which I’ve been in for a couple of months now and initially found through connections.

Do note that while these are all public servers, most of them require newcomers to be active to be granted full access.

Founded by a developer-turned-influencer, Linked Dao prides itself as an educational hub for those starting in Solana NFTs, offering an extremely active community alongside free alpha calls, whitelist opportunities and educational articles.

Created by some big names in the space, The Nifty hosts Twitter spaces and YouTube live streams that discuss NFT topics on a daily basis, while also having a strong community of various types of traders as well as connections with some of the biggest names in Web3, perfect for beginner traders who wish to immerse themselves in the culture of the space.

A lesser known server with a quieter community, Leverage Devils features a multitude of free alpha calls spanning through different portions of Web3, ranging from NFTs to technical analysis in crypto.

Joining a wide array of Discord communities is absolutely crucial for learning about new and upcoming projects in the space, and beyond that, also allows you to connect with other NFT traders.

Minting and Trading Solana NFTs

Minting Upcoming Projects

Now that you’re up to date on the latest happenings through Twitter and Discord, you should be exposed to the onslaught of new and upcoming projects. But how do you determine which projects have the potential to yield a decent return on investment? Typically, the top projects in the space already have an established reputation, and you can easily discover what they are by asking in any of the Discord servers above.

Getting whitelisted in those servers is a top priority, whether it’s through whitelist opportunities offered by different Discord communities or through being active in the project’s Discord. These projects also occasionally offer presale allocations to select communities, allowing members to mint their NFTs at lower prices and in bulk, again emphasizing the importance of being active in multiple Discord communities.

Following that, finding the next big project before it gains hype is another method NFT traders use to maximize returns. When a project becomes hyped with tens of thousands of Discord members, getting whitelisted becomes exponentially harder, since the competition is fiercer and there’s a smaller chance you’re going to get noticed by the project moderators and scoring a spot on the whitelist. As such, finding these projects in their pre-hype days allows you to secure your whitelist spot, and maybe even get multiple accounts whitelisted as well.

The Bastards Discord

The Bastards – A hyped project backed by an IRL animation studio that recently minted out with 30k members in their discord

Here are some common indicators that a project has potential:

  • Backed by a real company or studio in the Web2 world with a good reputation

  • Founded by an influencer or significant reputable figure like a member of the core team of a blue chip project within the space

  • Has appealing, unique, and pfp-ble art (being able to be put as a profile picture easily) and a theme that runs throughout the project, alluding to good branding

  • Has experience building tangible Web2 or even Web3 products with solid use cases that integrate solid business models, which ensures sustainability.

As a bonus, look out for free mints, which have low risk-to-reward ratios.

Reading through the roadmaps and whitepapers of new projects should give you a rough idea of what they’re trying to achieve, and if they possess any of the qualities outlined above. If they do, start conducting in-depth research into them.

For example, you could start a chat with their founders to find out more about the project and raise questions about sections of the roadmap which seem unclear. Assessing the founders’ responses will then give you an accurate gauge if they are competent enough to run the project successfully, and also if they have the passion and motivation to continue with the project for the long term.

With the hundreds of new projects popping up in the space every day, it’s important to be efficient and sift through ones that make empty promises to being the next “BAYC” or “Moonbirds” and learn to pick out those that could be potential rug pulls.

Identifying Rug Pulls

Minting NFTs expose users to the risk of a rug pull. Most of the indicators mentioned previously also act as reassurances against their founders engaging in a rug pull. There are also more subtle indicators that can be taken into account before choosing to invest in a project, like the age of the founders’ accounts, if the founders share any mutual servers, the age of the project’s Discord, and the like-to-follower ratio on the project’s Twitter.

Sadly, rug pulls are widespread due to the inherent anonymity within Web3, leading to a lack of accountability. Even with doxxed project founders, there are no consequences for rug pulling due to the absence of an enforcement system. As such, one must exercise absolute caution when minting projects.

Joining various Discord communities can provide a good safeguard against getting rug pulled because members often warn each other about red flags around projects, which are usually uncovered through joint investigations.

Red Flag channel from Discord

Example of a red flag from community members

If you want to minimize the risk of getting rug pulled while still earning profits, you can also consider secondary scalping or trading as another option.

Trading on Secondary Markets

The term “scalping” usually refers to a swing trade that traders initiate in a short time frame, reducing their exposure to the project and hence the associated risk of getting rug pulled. Scalping NFTs belonging to those hyped projects right after their typical post-mint dumps can also net huge returns for those who can analyze when to buy in using the price trackers mentioned above.

Post-mint dumps are usually caused by minters seeking to secure profits, where they repeatedly undercut the floor price causing it to fall below the value that the NFTs started trading at. Scalp traders who spot these post-mint dumps can often buy multiple NFTs at these lower dumped prices. They then wait for the floor price to recover, and then sell all of them, netting them a decent profit. As mentioned before, those experienced in crypto TA can also use price trackers to trade secondary NFT markets using indicators.

post-mint dump on Solana

Post-mint dump for one of the biggest collections on Solana currently

Advanced Trading

Getting Involved in Other Networks

Solana is not the only cryptocurrency that provides NFTs. Several other chains such as Aptos, Polygon, Near, and Ethereum (which is dominant in the NFT space) also offer NFTs, and each of these have their respective unique NFT infrastructure, transaction fees, and minting methods. Learning how NFTs work in other chains, and how to trade them, opens up greater opportunities for finding profitable projects. During rare times when liquidity flows from the Solana NFT ecosystem to other chains, being versatile also allows you to quickly adapt to maximize profits.


Once again, AMMs stand for automated market makers, and as mentioned at the beginning of the article, AMMs offer another unique way of earning revenue. A buying pool on an AMM marketplace like Hadeswap aids a trader in dollar-cost-averaging into a specific NFT collection by using a setting called the Delta. The Delta is a fixed percentage or amount that the trader can set for the reduction in price between consecutive buys in a collection, and conducts these buys by putting out collection offers on that NFT collection. Similarly, a selling pool containing NFTs sells them based on the Delta, such that the price of each NFT incrementally increases by the set Delta every time an NFT is bought from the pool.

Creating a pool on Hadeswap

Interface for creating a pool on Hadeswap

Creating buying and selling pools simultaneously for a particular NFT collection then creates a two-sided liquidity pool, which provides liquidity to both buyers and sellers of a collection. Hadeswap, like many other AMMs, incentivizes the creation of these pools by allowing the pool creators to collect fees on the price spread as people swap in and out of the pool. Though it might sound complex, at its core, utilizing AMMs to generate fees taps into the basic principle of “buying low and selling high”, where the AMM leverages market inefficiencies—slight differences in prices when selling or buying something—to generate fees, and in turn, profits.

To maximize the amount of fees generated from a two-sided pool, pool creators often choose NFT collections with the highest trading volumes, and also pour in the most amount of starting liquidity they can to cover the biggest ranges of prices effectively.


Besides trading, the Solana NFT space offers a ton of other revenue-earning options, like botting hyped mints. If you’re familiar with sneaker botting, buying the top Solana minting bots will allow you to get NFTs of hyped projects in their public sales, albeit also needing to set up virtual servers and nodes to accommodate the botting infrastructure.

Some Solana NFT projects also offer their own play-to-earn apps, with one notable example being STEPN. You can also take on part-time jobs in Web3, like being moderators in a community, which can also net you some decent money. Diversifying your income sources and exploring other methods of earning within the space is always a good thing.

As always, the above is not intended to serve as financial advice or an endorsement of the products and personalities featured. Always do your own research before interacting with protocols and NFTs.

What are Bitcoin Ordinals and How Are They Different From Other NFTs?

Key Takeaways 

  • Ordinals are NFTs with data fully stored or “inscribed” on the Bitcoin network.

  • Ordinals have aroused controversy due to Bitcoin’s "true purpose" as electronic cash, and the perceived inefficiency of consuming block-space to encode digital files on the Bitcoin blockchain.

  • Ordinals have highlighted potential areas of improvement in the network such as the need for alternative avenues of transaction fees.

Bitcoin NFTs were pretty much unheard of in web3. Though NFTs that originated from Bitcoin like that of the “Rare Pepe” collection, which was minted back in 2014, have been around for a long time, such collections aren’t true Bitcoin NFTs as they have been reconfigured to run on the Ethereum network. However, Ordinals have made NFTs on Bitcoin a reality. 

This article will cover what Ordinals are, the controversy around them, how to start trading Ordinals, some of the biggest collections out there, and finally some insights on the potential impact of Ordinals on the Bitcoin network. 

What are Ordinals? 

On 21 January 2023, software engineer Casey Rodarmor launched the Ordinals protocol, which allows users to inscribe their own NFTs onto the Bitcoin network.                            

In the Bitcoin network, each Bitcoin is broken into 100,000,000 units termed "satoshis." The Ordinals protocol then works by allowing users, those who operate Bitcoin nodes, to individually inscribe each satoshi with data, which are not limited to JPEGs but even videos and audio files, and in doing so create an Ordinal. 

How are Ordinals Different From Typical NFTs?

On the Ethereum network, NFTs stem from off-chain data from the Interplanetary File System (IPFS), which is a decentralized file storage system that can be changed using dynamic metadata. If you’re well-versed in NFTs, you have probably heard the term "refresh NFT metadata," especially if you’ve just minted a new NFT. Refreshing an NFT’s metadata will update your NFT’s cover image and reveal which NFTs you’ve minted and how rare they are.

On the other hand, Ordinals have their data directly stored on-chain, instead of the directory-like connections that conventional NFTs have to servers, and this makes them true immutable digital artifacts that are interwoven into the Bitcoin network, which is why they’re also termed "inscriptions."

Also, typical NFTs that follow the ERC-721 token standard or their equivalent have their values defined by the rarity of the art based on its attributes, along with its supply. However, Ordinals derive their rarity from the sat they’re inscribed on, where key events like halvings would likely add levels of rarity.

As such the launch of the Ordinals protocol was pretty monumental, but as the hype built-up and more eyes were drawn to it, controversy ensued. 

Why are Ordinals Controversial? 

The birth of the Ordinals protocol fractured the Bitcoin community, as the age-old question shrouding the entire Bitcoin network resurfaced: What is Bitcoin’s true purpose? Was Bitcoin created for processing financial transactions? If so, should it then be used for non-financial, superfluous purposes like inscribing NFTs? For many Bitcoin maxis, it is a matter of what Bitcoin stands for as the very first cryptocurrency; it serves as a rallying symbol of defiance against centralization, against banks and governments all over the world. For them, Bitcoin paved the way for permissionless action in the financial world. 

And so when NFTs, which are taken less seriously in the space, were introduced to Bitcoin, the maxis felt that the historical value and symbolism of Bitcoin were seemingly diminished, to the extent that some even claimed that the Ordinals protocol was an attack on the Bitcoin network. One reason for this is that the Ordinals are stored entirely on chain, circumventing the limitation of non-financial data on the Bitcoin network (80 bytes), where an Inscription trasnsaction could even take up an entire 4MB block. On top of that, because NFT is stored in the witness data, a quirk of taproot means that users enjoy a significant discount of 75% when minting Ordinals.

There was also the growing worry that the introduction and growth of non-financial uses like NFTs onto the Bitcoin network would crowd out legitimate financial transactions. After all, since its birth in 2009, Bitcoin has always established itself as one of the sole cryptocurrencies that functions as a financial network.

In spite of the controversy, there is a keen interest from the community around trading Ordinals. Let’s look at how to get started.

How to Start Trading Ordinals 

As the Ordinals protocol is still very new, Ordinals are traded very differently from conventional NFTs, due to the lack of a developed technological framework for trading.

To begin trading, you’ll need a web3 wallet capable of receiving and storing Ordinals, and below are some popular ones. 


Its name is as literal as it gets: this Bitcoin wallet was released on 16 February with direct support for receiving, storing and viewing Ordinal inscriptions, allowing users to create wallets on their website directly.

Ordinals Wallet

Source: | Collections available on the Ordinals wallet


The Xverse wallet appeals to users who wish to inscribe their own Ordinals without needing to own a Bitcoin node, where users simply upload the image of choice and pay a transaction fee. 

Xverse Wallet Ordinals

Source: Xverse | Xverse wallet user interface


The Hiro wallet functions similarly to that of Xverse. Note that the actual inscription service for both wallets is done by, a Bitcoin NFT marketplace that has reportedly minted 5% of all Ordinals on Bitcoin. 

Hiro Wallet Ordinals

Source: | Hiro wallet user interface 

How to Trade Ordinals

Ordinals are bought from mainly Over-The-Counter (OTC) trades, as there isn’t really a centralized marketplace for trading Ordinals as of now. 

Trading Ordinals on Discord

Source: | Discord channel for trading Ordinals

OTC Ordinal trades are conducted through trusted middlemen in the Ordinals discord, where new Ordinal projects can also be discovered. Do exercise extreme caution when performing OTC trades as scams run rampant in the space, and ensure that you’ve done enough research and made connections with the right people. 

For a start, the most established Ordinal traders have their Twitter profiles linked in their Discord bios. Most of them are big figures in the space with huge followings, and these people would be the safest to trade with. On the other hand, as a rule of thumb, users in the Discord channel with the clover icon next to their name—indicating that they’re new to the server—should be avoided. And even so, when assessing if a user is legitimate, other factors like the age of their Discord account, if they share any mutual servers, or if they’ve sent any previous messages in the Ordinals Discord should also be taken into account. Ultimately, remember to do your own research: the onus is on you to check on any user’s background before trading with them. 

Biggest Ordinal Collections Right Now 

Just like how CryptoPunks rose to its blue-chip status on the Ethereum network due to it being one of the first few collections there, the fastest-growing Ordinal collections are those that were minted in the first thousands of inscriptions on the network. Here are some Ordinal collections to check out: 

Ordinal Punks 

Bitcoin Punks Ordinals

Source: | 30 of the Ordinal Punks

The Ordinal Punks collection, which was minted within the first 650 inscriptions using the Ordinals protocol, was created as a throwback to the original CryptoPunks collection on Ethereum. FlowStay, the collection’s creator, currently runs a Google Sheet to facilitate the trading of these Punks and offers himself as an escrow on Discord.

Ordinal Punks Trading

Ordinal Punks Trading Site | Source: 

Ordinal Birds 

Ordinal Birds is another derivative collection based on Moonbirds, another established NFT collection on Ethereum. Similar to Ordinal Punks, the community trades these Birds through an escrow service in their Discord. These Birds have been trading OTC at prices ranging from 0.17 BTC to 0.72 BTC. 

Ordinal Birds

Source: | The Ordinal Birds Collection

Planetary Ordinals 

With an extremely limited supply of only 69 inscriptions, the Planetary Ordinals collection begins at Inscription 463, featuring some of the most intriguing and aesthetic inscriptions on the network. 

Planetary Ordinal


What Bitcoin NFTs Could Entail for the Chain 

One of the easiest answers one can provide is that Bitcoin NFTs give Bitcoin more use cases, a phrase commonly thrown around in crypto to justify any new technological breakthrough. But beyond that, the Ordinals protocol does indeed bring about some real potential benefits for the chain, the biggest being that NFTs on Bitcoin could help improve its sustainability through fees in the long term.

Bitcoin runs on Proof-Of-Work (PoW), requiring miners to actively validate transactions in order to ensure the security of the entire chain. Miners are incentivized to do so as they get a portion of transaction fees when they successfully validate a transaction. Currently, Bitcoin miners are being paid a subsidy to maintain the network, a subsidy which decreases when halving occurs. Halving is an event every 4 years when Bitcoin mining rewards are halved, and eventually, the network will need to be able to pay its miners solely through transaction fees in order to survive. 

For Bitcoin, this problem is exacerbated due to its establishment as a cryptocurrency solely for conducting financial transactions, with virtually no other streams of transaction fees. Even Uniswap, an app based on Ethereum, generates more transaction fees today than the entire Bitcoin network. 

Transaction fees on blockchain

Source:  | Uniswap generates almost 5 times more fees than Bitcoin

However, due to the abovementioned discount due to a quirk of taproot, the contributions of Ordinals to the fee market is less than it should be. Even so, on the day that the Ordinals protocol was released, Bitcoin fees rose to all-time highs since Bitcoin transaction fees are based on the amount of data that a transaction contains, and Ordinals and inscriptions add large amounts of data to each block in the network. Collections like Taproot Wizards broke records with the largest NFT that filled nearly an entire 4MB block (the maximum size of Bitcoin transaction blocks). 

Ordinals Fees

Source: | Increased Bitcoin fees due to Ordinals

The increased transaction fees equate to better payouts for miners, attracting more miners to take part in securing the network and therefore contributing to its sustainability. Granted, Ordinal activity would have to continue improving for it to continue providing transaction fees for Bitcoin in the long term. 

The sustainability of almost all PoW chains depends on their ability to attract miners, including Bitcoin. As ironic as it sounds, the most effective method of bringing people onto a chain is through enacting non-financial uses onto that chain, like the likes of NFTs, which in turn drives more chain activity and generates transaction fees. This then brings us to the next point: how long will, or if it even can, Ordinals establish itself as a key part to Bitcoin’s future? 

Are Bitcoin NFTs Worth Your Time? 

For your average NFT trader, Bitcoin NFTs probably seem much more of a hassle to get into than anything else. Given its infancy, the technological framework surrounding it still is cumbersome to understand, evident by the much more complicated steps in trading them compared to your conventional NFTs. Not to mention the high entry prices of some of the Ordinal collections that make them inaccessible to many. 

As of now, Bitcoin NFTs probably only appeal to the tech-savvy—those who understand the Ordinals protocol enough to successfully profit from it, or hardcore NFT collectors who seek to collect rare pieces of the monumental Ordinals protocol breakthrough. As always, like many of the things in web3, those that benefited the most from the birth of the Ordinals protocol were early adopters—the first people who managed to make inscriptions. 

A rising notion is that Bitcoin doesn’t really need NFTs, as there are many chains out there already with fleshed-out NFT protocols, and many think Ordinals serve more as a gimmick than anything substantial. In recent days the number of inscriptions made has decreased drastically, indicating that the massive hype arising from the initial announcement of Bitcoin NFTs is slowly diminishing.

Ordinals activitySource: | Ordinals Inscription Activity Subsiding

Ordinals may very well sink deep into the depths of the ever-evolving web3 space in the upcoming weeks, but as mentioned before, the rise of the Ordinals protocol highlighted potential areas of improvement for Bitcoin as a network. Even for a network with such a paramount end goal of serving as a legitimate financial currency, the innovation of non-financial uses still rather support than detract from that goal, as the ultimate use case of Bitcoin could still differ greatly in the same way Ethereum NFTs could evolve from monkey doodles to legal records in the future.

If you are looking to explore the Ordinals protocol in its entirety, you can check out the handbook explaining Ordinals theory.

This article is provided for educational purposes and should not be taken as financial advice. Always do your own research before investing in any digital assets.