NFTs created on the Solana blockchain network are now accessible to trade on OpenSea, the largest NFT marketplace by volume, following an official teaser last week that support was on the way.
OpenSea is mostly built on Ethereum and presently controls a significant portion of the NFT trading market. OpenSea now accepts collectibles from the second-largest NFT ecosystem outside of Ethereum and its sidechain/layer-2 scaling solutions, thanks to the addition of Solana.
Solana support has been implemented in beta with “limited collection coverage,” according to the marketplace. Although OpenSea claims to support 165 collections, a check of the marketplace by chain reveals more than 865,000 total NFTs minted on Solana.
Solana Monkey Business, DeGods, Degenerate Ape Academy, Aurory, and Shadowy Super Coder are among the popular Solana NFT collections now available on OpenSea. Solana has much cheaper transaction costs than Ethereum and is a more energy-efficient blockchain network designed to process bigger volumes of transactions at once.
The arrival of Solana on OpenSea has been highly awaited. Users saw potential Solana wallet integrations were introduced to the marketplace in January, and the leaks persisted until this week’s official tease.
Solana NFTs were online on OpenSea earlier today, before of the formal release, but then disappeared for several hours.
The disappearance coincided with Solana network problems, prompting speculation on social media that OpenSea had postponed the release due to network congestion. OpenSea, on the other hand, made no public statement to that effect.
Earlier today, representatives of OpenSea’s community staff reacted to user complaints about problems purchasing Solana NFTs on the marketplace’s Discord server. “The whole company is on this right now,” one person wrote, presumably alluding to getting Solana NFT capability to work as planned.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews
Follow CoinCu Youtube Channel | Follow CoinCu Facebook page
Patrick
CoinCu News
CBOE proposes rule changes affecting Franklin Bitcoin ETF trading, potentially altering purchase timing for traders.
LOS ANGELES, United States, May 7th, 2024, ChainwireGlobal brands and talent will be able to…
Robinhood Wells Notice from the SEC indicates potential legal action over alleged securities violations in…
Blast Review, the first Layer 2 providing automatic profits to ETH assets and stablecoin holdings,…
Milan, Italy, May 7th, 2024, ChainwireCryptocurrency casino platform TG.Casino and iconic Italian football team AC…
Ethena Labs' USDe will now serve as collateral for trading perpetual futures on Bybit, offering…
This website uses cookies.