Metaplex (MPLX)
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About MPLX
Metaplex is a foundational protocol and developer platform that powers NFT creation, management, and ownership on the Solana blockchain. It offers open-source tools and standards designed to serve creators, developers, and marketplaces with a scalable, high-performance NFT infrastructure. Originally launched in June 2021, Metaplex now powers over 100 million NFTs minted on Solana and is used by major projects like Magic Eden, DRiP, y00ts, and Helium. Metaplex provides the on-chain Digital Asset Standard (DAS), which acts as the protocol’s core framework for managing NFTs and digital collectibles. This includes support for programmable royalties, asset compression (to enable scalable gaming and loyalty use cases), and metadata immutability. DAS replaces legacy systems like token metadata and offers a unified standard for NFTs across all Solana dApps. The protocol also includes developer SDKs, APIs, and tools that make it easier for teams to build wallets, marketplaces, and consumer applications that handle NFTs efficiently. Importantly, Metaplex emphasizes creator sovereignty, allowing artists and brands to manage royalties and asset behavior on-chain without dependence on marketplaces. The MPLX token governs the Metaplex DAO, which funds ecosystem development, open-source tooling, and protocol upgrades. MPLX holders can vote on proposals to shape the evolution of the NFT stack on Solana. With deep integrations across the Solana ecosystem and a commitment to decentralization, Metaplex serves as the public good infrastructure layer for NFTs at scale.
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Frequently Asked Questions about Metaplex
What is Metaplex?
Metaplex is the open-source NFT protocol on Solana that provides the infrastructure, standards, and developer tools for creating and managing NFTs at scale. It powers over 100 million NFTs and supports high-performance apps across gaming, collectibles, and consumer platforms.
Where can I buy MPLX tokens?
MPLX tokens are available on both decentralized exchanges like Jupiter and Orca, and centralized platforms such as KuCoin, HTX, and Gate.io.
Where can I store MPLX tokens?
MPLX is an SPL token on the Solana blockchain. You can store it in wallets like Phantom, Solflare, or any other Solana-compatible wallet, including Ledger hardware wallets.
What is the Digital Asset Standard (DAS)?
DAS is Metaplex’s latest on-chain standard for managing NFTs and digital collectibles. It supports features like programmable royalties, compression, and more consistent metadata handling. DAS is now the default NFT format on Solana.
How does Metaplex support creators?
Metaplex gives creators direct control over their royalties and asset behaviors through on-chain configurations. It also provides infrastructure to mint and manage NFTs at scale, without being locked into marketplace platforms.
Is Metaplex only for art NFTs?
No. While it began with art-focused use cases, Metaplex is now used across verticals like gaming, ticketing, digital identity, loyalty programs, and collectibles. Its scalable architecture supports enterprise and consumer-grade deployments.
What is MPLX used for?
MPLX is the governance token for the Metaplex DAO. Token holders can vote on proposals related to protocol upgrades, ecosystem funding, open-source grants, and community initiatives.
How does NFT compression work in Metaplex?
Metaplex supports compressed NFTs through integration with Solana’s state compression. This reduces the cost of minting and storing NFTs dramatically, making it viable for apps to mint millions of NFTs for use cases like in-game assets or fan engagement.
Is Metaplex decentralized?
Yes. The protocol is governed by the Metaplex DAO, which allows the community to guide protocol development and allocate resources through MPLX-based governance. It’s also fully open-source and composable.