Solana Is Coming to OpenSea
Since its launch, OpenSea has mainly supported Ethereum-based NFTs, but expanded to include Klaytn and Klaytn NFTs in May and October of 2021.
This has been one of the most anticipated events in the NFT space and will be a dream come true for many investors. In late January, tech blogger Jane Manchun Wong spotted telltale signs that OpenSea was readying support for Solana digital wallets.
Solana is the fourth largest NFT chain in the industry, with collectibles worth $115.9 million. According to data tracker CryptoSlam, Solana has the second-highest number of all-time NFT sales, trailing only to market-leader Ethereum.
Once the support is complete, Solana will become the fourth chain whose NFTs can be traded on OpenSea.
On the Flipside
- Magic Eden, which currently dominates Solana NFT sales with a 90% share, is expected to face major competition as Solana debuts on OpenSea.
Why You Should Care
The OpenSea support is expected to give Solana a much-needed boost to the popularity and growth of its NFTs.