OpenSea is ready to introduce Solana blockchain-based NFTs on its online marketplace from April. With this, OpenSea will extend its blockchain support to include a total of four networks: Ethereum, Polygon, Klaytn and Solana. Essentially for NFT collectors, this move opens the door to a completely different category of digital collections built on the Solana blockchain with the special features and benefits that come with it. OpenSea has posted a short video on the Twitter handle to confirm development.
“The most protected secret in Web3” OpenSea has captioned a video showing people asking questions like “Wen Solana?” To the NFT Marketplace.
This move is less costly than the Ethereum blockchain, so it also benefits creators who choose Solana for their NFTs.
Blockchain also claims to be more energy efficient in itself. In the November 2021 Energy Usage Report, Solana claimed that two Google searches consume more energy than one Solana transaction.
Ethereum is the best option for NFT makers to build virtual collectibles, but Solana isn’t too late.
According to data tracker CryptoSlam, Solana ranks second in NFT sales to date. Currently, Solana NFT sees most of its sales on the Magic Eden Marketplace.
Speculation about Solana’s OpenSea opening support began the round earlier this year.
In January, reverse tech engineer Jane Manchunwon discovered the code for the OpenSea algorithm, which suggests a Solana test.
Due to the explosive popularity of speculative crypto assets, NFT sales reached $ 25 billion in 2021. Data from the market tracker Dapp Radar shows.
Recently, with the launch of other NFT marketplaces, competition for NFT sales has intensified. The newly launched LooksRare Marketplace in January recorded sales of $ 394 million (approximately Rs. 2,912) within just three days of launch.