Metaplex Foundation Publishes Whitepaper
Metaplex is a decentralized protocol trusted for the creation, sale and use of digital assets on the Solana blockchain.
Since launching in August 2021, Metaplex has been used to mint over 20 million NFTs with over 5.9 million unique collectors, accounting for over 99.9% of the Solana NFT market. This makes Metaplex the largest protocol in the Solana ecosystem and the primary driver of new users.
Metaplex assets now underpin a multi-billion dollar economy, having facilitated over $3.5 billion USD in primary and secondary sales. Over $990 million of this commerce has transacted directly through the Metaplex Protocol, , driven by programs such as Token Metadata, Candy Machine and Auction House.
This introductory paper, originally published on September 19, 2022, is an overview of the Metaplex Foundation and covers the following topics:
- Digital Asset Standard
- Metaplex Program Library
- Developer Platform
- $MPLX Token
Read the full whitepaper here whitepaper.metaplex.com