Skeet Now Supports Solana Compressed NFTs (cNFTs). Enabling Billion-Scale NFT Collections at Low Cost.

ELSOUL LABO B.V. (Headquarters: Amsterdam, Netherlands) is pleased to announce that its open-source serverless app development tool, Skeet, now supports the new Web3 and blockchain technology, Solana Compressed NFT (cNFT).

While NFT technology has garnered attention as a digital asset, the blockchain fees for large-scale NFT collections can be prohibitively high. This made it impractical to issue individual game items or global user profiles as NFTs.

Solana Compressed NFT (cNFT) is an NFT managed efficiently using data structures like Merkle Trees to reduce data size while maintaining authenticity. Although the Solana chain is relatively inexpensive by default, the cost to mint a single NFT is 0.012 SOL (20), which scales linearly. For a collection of 10,000 NFTs, this would cost 240 million, making it impractical for large-scale NFT collections.

The newly developed cNFT method allows for the issuance of 10,000 NFTs at approximately 10,000 (24,000 times cheaper).

Skeet has integrated technologies from two leading Solana protocols: Metaplex and Helius.

Metaplex is Solana's NFT protocol that sets token standards. It provides the umi framework for handling NFTs and Solana transactions, as well as the Bubblegum tool for issuing cNFTs.

Metaplex: https://www.metaplex.com/

Helius provides Solana's high-performance RPC and the necessary Digital Asset Standard (DAS) API for using cNFTs.

Helius: https://www.helius.dev/

Skeet leverages these technologies, enabling developers to easily utilize Solana Compressed NFTs (cNFTs).

For a detailed guide on how to issue cNFTs using Skeet, please refer to the following article:

Skeet is an open-source, TypeScript-based serverless framework that allows for full-stack app development on GCP (Google Cloud) and Firebase. With Skeet, you can rapidly develop everything from API servers to Web, iOS, and Android apps using TypeScript. It actively adopts developer-friendly technologies like GraphQL and Firestore. It also simplifies the development of modern applications that utilize AI technologies like ChatGPT and Vertex AI, as well as blockchain technologies like Solana for Web3 dApps.

You can try the Skeet demo here: https://skeeter.dev/en/

The demo app can be run on your own PC or cloud environment in just 5 minutes using the Skeet CLI, which also features AI-powered code generation through chat, significantly enhancing developer productivity.

Skeet CLI (GitHub): https://github.com/elsoul/skeet-cli

Skeet is being developed as open-source to reduce development and maintenance costs across all application development environments worldwide.

For more details, please refer to the official documentation:

Skeet Documentation: https://skeet.dev/en/