Finally, Solana NFT is coming to OpenSea

After months of rumors, OpenSea has yet confirmed that it volition adhd Solana NFTs to its platform. The confirmation came successful the signifier of a teaser video posted connected the authoritative Twitter relationship of the NFT marketplace. 

The video showed respective assemblage requests for Solana NFTs and was captioned “The best-kept concealed successful web3.”

The champion kept concealed successful web3🤣 pic.twitter.com/xuZn64cZ4U

— OpenSea (@opensea) March 29, 2022

But the concealed isn’t truthful good kept, fixed that we reported astir the imaginable integration arsenic acold backmost arsenic January. OpenSea, astatine the time, failed to corroborate the communicative saying that it would lone remark erstwhile it had accusation for its community.

While the marketplace did not merchandise a circumstantial day for the integration, determination are speculations that the Solana diagnostic could beryllium disposable arsenic aboriginal arsenic April.

Adding enactment for Solana volition marque the web the 3rd layer-1 blockchain connected OpenSea. The others are Ethereum, Klatyn, and Layer-2 web Polygon. 

Why OpenSea had to enactment Solana NFTs

The determination to adhd Solana isn’t wholly astonishing considering its presumption wrong the NFT space. Solana is 2nd to Ethereum successful presumption of all-time NFT sales, with a marketplace headdress of $1.5 cardinal for each of its collections.

The Solana NFT abstraction has grown importantly since past summer, with immoderate fashionable NFT collections similar Degenerate Ape Academy, Aurory, and Solana Monkey Business being built connected the network.

Aside from that, the existent information that the Solana web offers a cheaper and faster transaction alternate to Ethereum has made it 1 of the biggest rivals of the 2nd largest crypto plus by marketplace cap.

For OpenSea, the determination is coming astatine the close clip due to the fact that much competitors are opening to look wrong the space. The highly anticipated Coinbase NFT marketplace, alongside the FTX marketplace, has taken the absorption distant from OpenSea.

Also, OpenSea’s existent litany of exploits has raised questions astir if the marketplace is harmless for users. So, supporting a caller blockchain could assistance the web cement its presumption arsenic a marketplace person successful the NFT space.

Magic Eden welcomes competition

On the different hand, the starring marketplace for Solana NFTs, Magic Eden, which accounted for 80% of Solana NFT income successful the past month, would look caller contention from a much established rival.

bring it

— Magic Eden 🪄 Solana's Leading NFT Marketplace (@MagicEden) March 29, 2022

This means that Magic Eden could suffer its domination of the Solana NFT abstraction to OpenSea, considering the stature of the caller entrant. However, Magic Eden appears to beryllium relishing the contention for the psyche of the abstraction considering its 2% transaction interest is 50 ground points little than that of OpenSea.