Non-fungible tokens (NFTs) primarily based on Solana (SOL), a public blockchain and a rival to Ethereum (ETH), are slated to get a lift as the most important NFT market OpenSea prepares so as to add help for these digital belongings.
In a Tuesday tweet, OpenSea all however confirmed its intentions so as to add help for Solana NFTs, a transfer that would supply the platform’s 1.49 million customers publicity to NFTs primarily based on the Solana chain.
In its “the perfect stored secret in web3” video, OpenSea seemingly answered the favored “wen solana?” query, teasing {that a} launch may come by as quickly as April. Notably, the agency didn’t communicate of a particular launch date.
Ought to OpenSea proceed with this plan, Solana would turn out to be the third Layer 1 and fourth blockchain community OpenSea will help after Ethereum, Polygon (MATIC), and Klaytn.
In the meantime, NFT insiders have been anticipating this information. In truth, earlier this yr, tech blogger Jane Manchun Wong revealed that OpenSea’s chains filter confirmed Solana as an choice.
In keeping with DappRadar, primarily based on the variety of customers, Magic Eden (40,500) is at the moment the dominant NFT market on Solana, adopted by Orca (26,080), and Raydium (11,220). Nonetheless, the transfer by OpenSea may have an effect on the variety of customers of those marketplaces.
Based mostly on quantity, the primary three locations are occupied by Raydium (USD 308m), Solend (USD 51.7m), and Magic Eden (USD 41.8m).
As reported, OpenSea CEO and co-founder Devin Finzer mentioned in late 2021 that growth to different blockchains was a precedence for the NFT market.
____
– Solana Outpaces Ethereum
– Solana’s Community Congestion Prompts Liquidations, Drives Away Customers
– OpenSea’s Buying and selling Quantity Stays in a Downtrend Amid Latest Assaults
– Decentralization Debate Heats Up Once more as MetaMask, OpenSea Block Customers
– One other Costly NFT Will get Mistakenly Offered at Massive Low cost – How Does That Occur?
– NFT Market Cools Down As Ukraine Conflict Pushes Buyers Towards Protected-Haven Property
Source: Crypto News
