OpenSea Teases the Listing of Solana-Based NFTs in April

OpenSea has all but confirmed that it will begin supporting non-fungible tokens on Solana chain in April.

The world’s largest NFT marketplace, OpenSea, has all but confirmed that it will begin supporting non-fungible tokens from the Solana chain in April via tweet made on Tuesday.

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.

In a “wen Solana?” video released on March 29th, OpenSea teased an April listing but withheld the exact date for when Solana NFTs will become available on the leading NFT marketplace.

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.

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Milko Trajcevski

Milko Trajcevski is a DailyCoin news reporter, mainly focused on Ethereum (ETH), Cardano (ADA), and their founders (Vitalik Buterin and Charles Hoskinson). Milko is an avid follower of crypto and blockchain technology and has written thousands of articles on the subjects. He finds joy in transforming complex issues into written content that anyone can understand. Milko has used and analyzed numerous exchanges, such as Coinbase, FTX, and Binance. He also closely follows all of the latest news around the largest decentralized exchanges (DEXs). Location: Skopje, Macedonia