Lastly, it is occurring! The main NFT market OpenSea has formally said it is including Solana to the listing of suitable cryptocurrencies. The information had been a lot anticipated and waited for approval since late 2021. Thus, in late January, tech blogger Jane Manchun Wong twitted that “OpenSea is engaged on Solana integration, in addition to Phantom pockets assist.”
After a while of unawareness, on March twenty ninth, OpenSea confirmed the rumors by posting a video on Twitter, signed “The perfect-kept secret in web3.” The world’s largest NFT platform hasn’t introduced the precise date of Solana integration however said it should occur all through April.
Solana-operated NFT market is immediately the second-largest after Ethereum. A lot decrease gasoline charges in comparison with Ethereum is the important thing argument for Solana adoption. Thereby, the upcoming integration will make Solana the fourth blockchain community traded on OpenSea after Ethereum, Polygon, and Klaytn.
The replace is a well-thought-out transfer to maintain world domination within the NFT buying and selling market with probably the most used crypto artwork belongings gathered beneath one roof.
What’s extra, within the early days after integration, OpenSea may have robust competitors with the at the moment largest Solana NFT Market Magic Eden. The battle for shoppers will probably be attributable to transaction charges: whereas OpenSea prices 2.5% on each transaction. Magic Eden has solely a 2% transaction charge.
Alternatively, the competence is probably not that outrageous, as the 2 platforms concentrate on totally different goal audiences. Whereas OpenSea tasks are top-ranking with a median transaction reaching $1,872, Magic Eden’s common transaction is just $96.50.
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Source: NFT Calendar
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