OpenSea Already Integrated With Solana Network

JAKARTA – OpenSea's most popular NFT marketplace has been integrated with the Solana network. Therefore, some of the NFT digital art built on the Solana network will be able to be displayed on OpenSea.

This is an integration that the NFT community has been waiting for. On March 29, OpenSea announced that they would start adding to the NFT collection that was printed on Solana in April.

In January, tech blogger Jane Manchun Wong, who is best known for revealing new features before they are publicly announced, tweeted that OpenSea was working on integrating Solana, confirming that the NFT kingpin was preparing to step up the game. multi-chain.

With the inclusion of Solana, OpenSea now supports four networks namely Ethereum, Plygon, Klaytn, and Solana. OpenSea is likely to significantly reduce the market share of Solana-centric Magic Eden, which accounts for 93 percent of sales, according to data provided by blockchain research platform Dune Analytics.

The fact that Magic Eden offers low costs could be a major competitive advantage, but it remains to be seen if it will be able to withstand the competition from the biggest names in the NFT sector.

In January, Solana secured $13.3 billion in funding from Coatue and Paradigm. As reported by U.Today, Solana-based NFT surpassed the total transaction volume of 1.5 billion US dollars last month after hitting the 1 billion milestone earlier this year.

Solana attracted widespread attention in 2021 as a faster and cheaper Ethereum alternative, attracting a lot of funding from large venture capital firms.

So far, Solana has only managed to secure a small part of the NFT market, but the OpenSea integration could be a game changer for one of the fastest growing blockchains.