{"id":"metaplex","version":1,"language":"en","title":"Metaplex","hidden":false,"content":"**Metaplex** is a protocol and set of tools for creating and managing [non-fungible tokens (NFTs)](https://iq.wiki/wiki/non-fungible-token-nft) on the [Solana](https://iq.wiki/wiki/solana) [blockchain](https://iq.wiki/wiki/blockchain). It aims to make NFT creation and management accessible to a wide range of users.[\\[7\\]](#cite-id-g0h56vr3rfn)[\\[6\\]](#cite-id-9gin51b27b)[\\[2\\]](#cite-id-jsr8s41cdm)  \n$$widget0 [YOUTUBE@VID](AygobJL_yAU)$$  \n  \n# Overview  \n  \nMetaplex was launched in June 2021 to provide infrastructure for [NFTs](https://iq.wiki/wiki/non-fungible-token-nft) on [Solana](https://iq.wiki/wiki/solana). It offers a set of on-chain programs and developer tools that handle NFT [minting](https://iq.wiki/wiki/minting), auctions, storefronts, and more. The protocol has become the standard for NFTs on Solana, powering the majority of NFT projects on the [blockchain](https://iq.wiki/wiki/blockchain).[\\[7\\]](#cite-id-g0h56vr3rfn)[\\[6\\]](#cite-id-9gin51b27b)[\\[2\\]](#cite-id-jsr8s41cdm)  \n  \n# Key Features  \n  \nMetaplex includes several features designed to enhance functionality and improve the user experience within the [Solana](https://iq.wiki/wiki/solana) [NFT](https://iq.wiki/wiki/non-fungible-token-nft) ecosystem. These features include on-chain programs for [minting](https://iq.wiki/wiki/minting), auctions, and storefronts, catering to both developers and users.  \n  \n* **On-chain NFT Programs**: Metaplex enables [minting](https://iq.wiki/wiki/minting), trading, and managing [NFTs](https://iq.wiki/wiki/non-fungible-token-nft) through dedicated on-chain programs tailored to different aspects of NFT management.  \n* **Developer SDKs**: The platform provides SDKs that simplify the development of [NFT](https://iq.wiki/wiki/non-fungible-token-nft)-based applications, supporting the integration of NFTs into various projects.  \n* **Candy Machine**: This program is designed for managing large-scale [NFT](https://iq.wiki/wiki/non-fungible-token-nft) [drops](https://iq.wiki/wiki/airdrop), allowing creators to efficiently distribute NFTs.  \n* **Certified Collections**: A tool that helps verify the authenticity of [NFT](https://iq.wiki/wiki/non-fungible-token-nft) collections, enhancing trust between creators and collectors.  \n* **Compressed NFTs**: To address storage challenges, Metaplex offers compressed [NFTs](https://iq.wiki/wiki/non-fungible-token-nft), which optimize the management of large-scale collections.  \n* **Customizable Storefronts**: Users can create decentralized storefronts for selling [NFTs](https://iq.wiki/wiki/non-fungible-token-nft), using either self-hosted or pre-existing solutions.[\\[7\\]](#cite-id-g0h56vr3rfn)  \n  \n# Technology  \n  \nMetaplex is built on the [Solana](https://iq.wiki/wiki/solana) [blockchain](https://iq.wiki/wiki/blockchain), using on-chain programs written in Rust to manage the lifecycle of NFTs. These programs work with Solana's native token system, creating [NFTs](https://iq.wiki/wiki/non-fungible-token-nft) as [SPL](https://iq.wiki/wiki/spl-20-solana-program-library-20) tokens and managing associated metadata.  \n  \n* **Token Metadata Program**: This program handles [NFT](https://iq.wiki/wiki/non-fungible-token-nft) metadata and [minting](https://iq.wiki/wiki/minting), assigning each NFT unique identifiers and attributes, such as name, symbol, and creator royalties.  \n* **Auction House Program**: A decentralized marketplace protocol that enables the listing, bidding, and sale of [NFTs](https://iq.wiki/wiki/non-fungible-token-nft) via on-chain auctions without intermediaries.  \n* **Candy Machine Program**: Designed for bulk [minting](https://iq.wiki/wiki/minting) and distributing [NFTs](https://iq.wiki/wiki/non-fungible-token-nft), the Candy Machine provides a reliable way to handle large-scale [drops](https://iq.wiki/wiki/airdrop).  \n* **Token Entangler Program**: This program allows for [NFT](https://iq.wiki/wiki/non-fungible-token-nft) fractionalization, enabling users to split ownership into smaller parts for easier trade and access to high-value digital assets.[\\[4\\]](#cite-id-euveoppe8b)[\\[5\\]](#cite-id-toixdcx40o)  \n  \n# Use Cases  \n  \nMetaplex’s ecosystem supports a variety of [NFT](https://iq.wiki/wiki/non-fungible-token-nft) applications, including the following:  \n  \n* **Minting NFT Collections**: Creators can use Metaplex’s tools to [mint](https://iq.wiki/wiki/minting) unique digital artworks or [NFT](https://iq.wiki/wiki/non-fungible-token-nft) collections.  \n* **NFT Marketplaces**: Developers can build decentralized marketplaces using Metaplex’s auction and marketplace programs.  \n* **NFT Drops**: Candy Machine simplifies the distribution of [NFTs](https://iq.wiki/wiki/non-fungible-token-nft) to larger audiences, facilitating high-demand drops.  \n* **Games and Applications**: Metaplex’s SDKs enable the integration of [NFTs](https://iq.wiki/wiki/non-fungible-token-nft) into games and applications, supporting use cases like in-game assets and NFT-based rewards.  \n* **Royalties Management**: Metaplex's metadata system allows creators to manage royalties on secondary NFT sales.[\\[2\\]](#cite-id-jsr8s41cdm)[\\[1\\]](#cite-id-o8jb0zgegp)  \n  \n# Team  \n  \nMetaplex was initially developed by Metaplex Studios and is now managed by the Metaplex Foundation, a non-profit organization dedicated to supporting the protocol. The foundation is led by [Stephen Hess](https://iq.wiki/wiki/stephen-hess) as CEO.  \n  \n### Recent Developments  \n  \n* Launch of Metaplex [Core](https://iq.wiki/wiki/core-dao) in March 2024 - A new lightweight [NFT](https://iq.wiki/wiki/non-fungible-token-nft) standard  \n* Introduction of compressed NFTs in 2023 to reduce storage costs  \n* Release of the Bubblegum program for more efficient NFT [minting](https://iq.wiki/wiki/minting)  \n  \n> *\"Metaplex has become the de facto standard for NFTs on Solana, powering over 99% of all NFTs on the chain,\" said [Stephen Hess](https://iq.wiki/wiki/stephen-hess), CEO of Metaplex [Foundation](https://iq.wiki/wiki/foundation) [\\[8\\]](#cite-id-i7xg7l9ccah)*  \n  \n# Partnerships  \n  \nMetaplex has partnered with many leading [Solana](https://iq.wiki/wiki/solana) NFT projects and marketplaces including [Magic](https://iq.wiki/wiki/magic) [Eden](https://iq.wiki/wiki/magic-eden), [Solanart](https://iq.wiki/wiki/solanart), and Solsea. It is also integrated with wallets like [Phantom](https://iq.wiki/wiki/phantom-wallet) and marketplaces like [OpenSea](https://iq.wiki/wiki/opensea).  \n  \nMetaplex creates new opportunities for building lower-cost [Solana](https://iq.wiki/wiki/solana) [NFT](https://iq.wiki/wiki/non-fungible-token-nft) projects with higher composability. The recent launch of Metaplex Core allows developers to [mint](https://iq.wiki/wiki/minting), transfer, and manage NFTs with a single account model, improving efficiency and providing creators and developers with tools to participate in the NFT ecosystem. Its ongoing development and innovations continue to drive adoption and new use cases for NFTs on Solana.","summary":"Metaplex is a Solana-based protocol facilitating NFT creation and management, known for its minting and innovative features like Metaplex Core and Can...","categories":[{"id":"nfts","title":"NFTs"}],"promoted":0,"tags":[{"id":"Ethereum"},{"id":"Protocols"},{"id":"Marketplaces"},{"id":"Developers"},{"id":"Blockchains"}],"metadata":[{"id":"references","value":"[{\"id\":\"o8jb0zgegp\",\"url\":\"https://www.metaplex.com/posts/core-announcement\",\"description\":\"Core improves minting costs and Solana network load by over 85% for on-chain assets.\",\"timestamp\":1726228691412},{\"id\":\"jsr8s41cdm\",\"url\":\"https://www.metaplex.com/blog\",\"description\":\"Blog\",\"timestamp\":1726228691408},{\"id\":\"ugvr4yak94\",\"url\":\"https://www.metaplex.com/\",\"description\":\"Launch and scale your NFT projects on Solana.\",\"timestamp\":1726228691434},{\"id\":\"euveoppe8b\",\"url\":\"https://101blockchains.com/candy-machine-metaplex/\",\"description\":\"The Candy Machine Metaplex protocol is an effective platform for minting new NFT collections on Solana. Learn more about Candy Machine now.\",\"timestamp\":1726228691592},{\"id\":\"toixdcx40o\",\"url\":\"https://www.quicknode.com/guides/solana-development/nfts/metaplex-core\",\"description\":\"In this guide, you will learn about Metaplex Core, a new lightweight NFT standard on Solana. You will mint your first NFT using Metaplex Core and the Umi JavaScript library.\",\"timestamp\":1726228691697},{\"id\":\"9gin51b27b\",\"url\":\"https://www.alchemy.com/overviews/metaplex\",\"description\":\"Discover Metaplex, a hub for NFT standards and tools on Solana. Learn to mint NFTs, manage airdrops, storefronts, and auctions using Metaplex\",\"timestamp\":1726228691941},{\"id\":\"g0h56vr3rfn\",\"url\":\"https://www.metaplex.com/\",\"description\":\"Website\",\"timestamp\":1726231626422},{\"id\":\"i7xg7l9ccah\",\"url\":\"https://solanacompass.com/learn/Validated/how-metaplex-core-moves-beyond-nft-standards-w-stephen-hess-metaplex-studios\",\"description\":\"How Metaplex Core Moves Beyond NFT\",\"timestamp\":1726231836783}]"},{"id":"website","value":"https://www.metaplex.com/"},{"id":"instagram_profile","value":"https://www.instagram.com/metaplex/"},{"id":"twitter_profile","value":"https://twitter.com/metaplex"},{"id":"linkedin_profile","value":"https://www.linkedin.com/company/metaplex-foundation/"},{"id":"discord_profile","value":"https://discord.gg/6FaDSP2zms"},{"id":"github_profile","value":"https://github.com/metaplex-foundation/metaplex"},{"id":"previous_cid","value":"QmbpKSisPYkbC6xWV14cMdaAkTdge9SD2PtQAujpQ5Z41D"}],"user":{"id":"0xd5893989b9952c6568a99F854795AcC5Ae480D56"},"author":{"id":"0xd5893989b9952c6568a99F854795AcC5Ae480D56","profile":{"username":"DevMaxFllip","avatar":"QmWtkHuWXZBjQGzjmGUYtHUJ5zdhSqrnkctgMEe9GStvZB"}},"media":[{"name":null,"id":"QmWGFENWEM2CS3qqHvDgd4M9pMiEvZbhHyg9Bb8LD6oXPk","size":null,"type":"GALLERY","source":"IPFS_IMG"},{"name":null,"id":"QmQW4oHMGdmagivTWjmEPvGFMoTvtCzzRv7NLB1bKD2JtF","size":null,"type":"GALLERY","source":"IPFS_IMG"},{"name":null,"id":"QmfHFQ36qmhLJYkkWXZkwXQfKZEmDLf4HjzLHidr7gdaH9","size":null,"type":"GALLERY","source":"IPFS_IMG"},{"name":null,"id":"QmchhX1yLheSvDHFZfYQP5Sa2G3B5usPvvZ1nNQrp6qPcR","size":null,"type":"GALLERY","source":"IPFS_IMG"},{"name":"AygobJL_yAU","id":"https://www.youtube.com/watch?v=AygobJL_yAU","size":"0","type":null,"source":"YOUTUBE"}],"views":29,"events":[],"linkedWikis":{"founders":["stephen-hess"]},"founderWikis":[{"id":"stephen-hess","title":"Stephen Hess"}],"blockchainWikis":[],"ipfs":"QmbpKSisPYkbC6xWV14cMdaAkTdge9SD2PtQAujpQ5Z41D","transactionHash":"0x5e0847ce766a60b200b4c3b1bc72f7e35c8222cc8c3288883ffd1defeebdb7d5","created":"2024-09-13T11:59:48.257Z","updated":"2024-09-13T12:50:54.734Z","images":[{"id":"QmaHNQfkguWWsFwnrYd2gW4Z6Qyy9PaHRBf5mvUbs9GL1J","type":"image/jpeg, image/png"}]}