Metaplex (MPLX) is a decentralised protocol built on the Solana blockchain to support creators and developers in the NFT ecosystem, offering user-friendly tools and SDKs to streamline project development.
Launched in June 2021, Metaplex has become a foundational infrastructure for NFTs on Solana, assisting the minting, managing and trading of digital assets. The project has created the Metaplex Digital Asset Standard (DAS), which operates much like the ERC-721 token standard and allows creators to seamlessly mint and trade native Solana NFTs.
The MPLX token is used for voting on project proposals through the Metaplex DAO, where holders can vote on protocol upgrades, fee structures, resource allocation and more. 50% of all protocol fees are converted into MPLX and added to the DAO treasury, ensuring community-driven resource management and reducing supply in circulation.