important point
- OpenSea seems to have confirmed rumors today that it will soon integrate Solana NFT functionality.
- No exact date was given, but OpenSea tweeted a teaser video alluding to April.
- Bringing Solana NFTs to market puts OpenSea in direct competition with Solana’s current leading NFT market, Magic Eden.
share this article
NFT marketplace OpenSea has hinted at an April start date for Solana NFT support. Such support puts OpenSea in direct competition with Magic Eden, the current leader in Solana NFT sales.
April drop date
The Solana NFT could be available on OpenSea sometime next month, according to the NFT giant’s official Twitter account.
so tweet today, OpenSea teased impending Solana NFT support in the form of a 16-second video teaser. With the caption “best kept secret of web3”, the teaser video shows the text “wen solana?” In the NFT collage before stating “April 2022”.
While a specific date is still unknown and OpenSea’s message is only slightly cryptic, the announcement mostly confirms rumors that major NFT marketplaces will soon integrate Solana functionality.
Rumors of Solana NFT support have been circulating since as early as January. A screenshot appears Online in what appears to be a Phantom Wallet feature within OpenSea. Jane Manchun Wong, her tech blogger, said that while reverse-engineering her website for OpenSea, she found a reference to Solana as a supported blockchain and took it online. shared with At the time, OpenSea tried to distance itself from its influence.
However, it now appears that the rumor contains some truth.
OpenSea continues to be the world’s leading NFT marketplace with a trading volume of over 1.6 million ETH in March 2022. Dune analysis.
Magic Eden now leads by a large margin in sales of Solana NFTs, 100% ahead of second place Solanart. 16x margin at the time of writing. Magic Eden got a boost earlier this month in a Series A led by Paradigm, who raised $27 million in funding. If OpenSea moves forward with its Solana NFT feature, it could have a noticeable impact on Magic Eden’s market share.
Solana becomes the fourth blockchain to be supported by OpenSea, the other three being Ethereum, Polygon and Klaytn.
Disclosure: At the time of writing, the author of this article owned ETH, SOL, several other cryptocurrencies, and NFTs.
