Solana NFTs Will Be Automatically Indexed By OpenSea
The Solana blockchain-based NFT marketplace OpenSea announced that it would automatically index NFT collections made on the platform, making it simpler for Solana-focused producers to list their work.
Solana-focused NFT producers won’t need to submit an application to list their collections anymore because those will be automatically indexed based on a few parameters, according to OpenSea. The first need is that any NFT collections made using launchpads such as CandyMachine, Magic Eden, and LaunchMyNft from Metaplex will be automatically indexed.
Second, if the collection adheres to the “Metaplex Certified Collection” coding standard, authors who don’t rely on launchpads can anticipate that their NFTs will automatically be supported on OpenSea’s market. According to OpenSea, this open standard intends to make it simpler to determine whether certain NFTs are a part of a particular collection.
“This is another step on the journey towards an open ecosystem where you can work on your project and launch permissionlessly and non-custodially” OpenSea said in its announcement.
OpenSea’s auto-indexing capability coincides with a rise in NFT activity on Solana
As of September 23, NFT mints on SOL have increased by approximately 500% year to date, from 23,000 daily mints to about 113,000 mints.
Despite dominating the NFT market on Ethereum, OpenSea is currently a relatively minor participant on SOL. Marketplaces like Magic Eden, Yawww, and Solanart account for the majority of NFT trading traffic on SOL.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
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Annie
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Solana NFTs Will Be Automatically Indexed By OpenSea
The Solana blockchain-based NFT marketplace OpenSea announced that it would automatically index NFT collections made on the platform, making it simpler for Solana-focused producers to list their work.
Solana-focused NFT producers won’t need to submit an application to list their collections anymore because those will be automatically indexed based on a few parameters, according to OpenSea. The first need is that any NFT collections made using launchpads such as CandyMachine, Magic Eden, and LaunchMyNft from Metaplex will be automatically indexed.
Second, if the collection adheres to the “Metaplex Certified Collection” coding standard, authors who don’t rely on launchpads can anticipate that their NFTs will automatically be supported on OpenSea’s market. According to OpenSea, this open standard intends to make it simpler to determine whether certain NFTs are a part of a particular collection.
“This is another step on the journey towards an open ecosystem where you can work on your project and launch permissionlessly and non-custodially” OpenSea said in its announcement.
OpenSea’s auto-indexing capability coincides with a rise in NFT activity on Solana
As of September 23, NFT mints on SOL have increased by approximately 500% year to date, from 23,000 daily mints to about 113,000 mints.
Despite dominating the NFT market on Ethereum, OpenSea is currently a relatively minor participant on SOL. Marketplaces like Magic Eden, Yawww, and Solanart account for the majority of NFT trading traffic on SOL.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Annie
CoinCu News
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