Is OpenSea planning to support Solana NFTs?

Rumors spreading connected Twitter accidental that the world’s largest NFT marketplace, OpenSea, mightiness beryllium readying enactment for Solana-based NFTs soon. 

OpenSea website shows enactment for Solana NFTs

Popular tech blogger, Jane Manchun Wong, released screenshots of OpenSea’s website showing Solana among the supported blockchains of Ethereum, Klatyn, and Polygon. The screenshot besides shows the marketplace supporting Solana wallet, Phantom.

OpenSea is moving connected Solana integration, arsenic good arsenic @Phantom wallet enactment pic.twitter.com/ZEefshKSY1

— Jane Manchun Wong (@wongmjane) January 25, 2022

According to Wong, she discovered Solana references whilst reverse-engineering the marketplace website.

Available information shows that OpenSea was liable for implicit 60% of NFT trades past year. So, providing enactment for NFTs from different blockchain volition beryllium portion of its effort to support its existent dominance successful the space. 

In caller times, Ethereum’s dominance successful DeFi and NFT person travel nether accrued onslaught from rival blockchains similar Cardano, Solana, and others. As of January 2021, Ethereum had near-total domination of the abstraction with 95% of the marketplace share. That fig is present astir 80%, with Solana web its closest rival.

OpenSea refuses to corroborate rumor

The level has distanced itself from the screenshot, claiming it is aged speculation. An OpenSea spokesperson stated that they would remark erstwhile there’s thing to say.

While the level has chosen to stay tightlipped connected the matter, providing enactment for Solana is simply a logical determination for OpenSea. With the “Ethereum-killer” gaining a important marketplace share, it would beryllium logical for the starring marketplace to dispersed its tentacles to clasp its pb successful the space.

However, if the communicative is officially confirmed, it’ll further beryllium however overmuch crushed Ethereum is losing to its rivals. The blockchain, which has been the premier web for decentralized applications, faces superior issues ranging from scalability to precocious state fees, and web congestion. 

OpenSea itself has been facing immoderate level of information challenges amid much aggravated competition from LooksRare. Recently, a bug connected the level was exploited to bargain implicit $1 cardinal worthy of NFT assets.