NFT Marketplace Giant Opensea Goes Live with Solana NFTs

NFT Marketplace Giant Opensea Goes Live with Solana NFTs
  • OpenSea has lastly onboarded Solana-powered NFTs to its market
  • Users can commerce their favourite digital collectible utilizing SOL denominated bids and auctions
  • Solana joins different Layer 1 blockchains Ethereum, Klatyn, and Polygon

Non fungible tokens (NFTs) leveraging the Solana blockchain community have gone stay on the main digital market OpenSea. The information follows a prior announcement from the platform’s official Twitter deal with earlier on Tuesday (March 29, 2022). 

Also, including help for SOL NFTs marks one other growth milestone after OpenSea raised a large $300 million from traders in January. At the time, the crypto unicorn acknowledged that the contemporary money inject was earmarked for additional market improvement, increasing its companies, and constructing a metaverse venture. 

Furthermore, the fundraise bumped OpenSea’s market valuation to a whopping $13.3 billion, additional re-enforcing the platform’s dominance because the main digital collectibles market within the NFT house.

While no official announcement has been made, customers can now choose ‘Solana’ as a series on the platform. So far, OpenSea has onboarded 865,868 NFTs from standard SOL collections like Piggy Sol Gang, SolGods, and Degen Ape Academy to call just a few.

NFT Marketplace Giant Opensea Goes Live with Solana NFTs 14

Solana Marketplaces: Compete or Crumble?

Although Solana’s addition to OpenSea signifies that collectors and merchants now have a extra complete one-stop store for all issues NFTs, hypothesis stays concerning the destiny of current SOL-powered marketplaces like Magic Eden and Digital Eyes. 

Magic Eden specifically has been touted because the OpenSea of Solana. In addition, the platform is considered the main platform for SOL NFTs by way of buying and selling quantity and performance. Also, Magic Eden lately closed a $27 million Series A funding spherical. 

CEO of the startup, Jack Lu, mentioned the agency plans to deploy the capital in direction of blockchain gaming tasks. Shortly after, Magic Eden launched a content material platform for sport builders dubbed Eden Games.

Data from DappRadar exhibits that Magic Eden tops all different SOL-based marketplaces with over $700 million in transactions. †

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