NFT Marketplace OpenSea Plans On Integrating With Solana In April

  • OpenSea has announced an upcoming integration with the Solana (SOL) blockchain within its platform.
  • This makes Solana the fourth blockchain to integrate with OpenSea.
  • No official date for the integration has been disclosed, but it is believed to be April 2022.

OpenSea, a prominent NFT marketplace, has announced an upcoming integration with the Solana (SOL) blockchain within its platform. This has been a long-awaited move that is believed to have reciprocal benefits across both ecosystems, as well as positive sentiments for the wider NFT space, according to industry experts and numerical data.

The integration with Solana makes the Solana blockchain the fourth blockchain supported on Opensea; alongside Ethereum (ETH), Polygon (MATIC), and Klaytn.

OpenSea made the announcement on their official Twitter page on 29 March, 2022, with the caption, “The best kept secret in web3”, and a sixteen 16 teaser video.

 

The announcement was received with a strong fanfare of 615,500 views, 9,964 retweets, and 21,700 likes eighteen hours after the post was made on social media.

Similarly, The Head of Blockchain at OpenSea, Adam Montgomery, also made a Twitter announcement relating to the Solana integration on Twitter the same day.

 

There has been no official date disclosed by the OpenSea team for when the integration will commence. However, it is believed that the integration will take place sometime in April 2022.

OpenSea maintains its dominance as an NFT marketplace with over 1.6 million Ether (ETH) in sales volume transacted in March 2022, according to statistics from Dune Analytics.

When it comes to Solana NFT sales, Magic Eden leads the way by a wide margin, outperforming second-place Solanart by a sixteen-fold margin. Should OpenSea move forward with Solana NFT functionality, it is likely that it will have a noticeable impact on Magic Eden’s market share.

Leave a Comment