OpenSea Plans To Blend In Solana Support During April

OpenSea, the prominent NFT marketplace, plans to add support from the Solana (SOL) network next month.

Solana (SOL) will be the third layer one and fourth blockchain network whose NFTs could trade on this largest NFT marketplace.

There were rumours about this integration earlier; hence this move was a bit expected.

OpenSea, the largest Non-Fungible Token (NFT) marketplace, has recently disclosed its plans to add Solana (SOL) support and when it will implement it.

The Rumours Finally Prove True As OpenSea Confirms

OpenSea has confirmed this via a Tweet it posted of a Teaser video that highlights it would be adding Solana support since April.

The teaser says the best-kept secret in Web3 highlights the excited users who believe that Solana’s integration would be a massive step. Whereas some others think that this is a smart step as the largest NFT marketplace would gain the blockchain protocol’s popularity.

Although the video does not reveal the specific date when this integration would happen, it signifies it would be sometime in the month of April.

OpenSea currently supports three blockchains which are Ethereum, Polygon and Klaytn. And once this integration fully takes place, Solana (SOL) will be the third layer one and fourth blockchain network whose NFTs could trade on the marketplace. ]

OpenSea is the largest NFT marketplace by All-Time sales, which are about $23 Billion to date and the total number of traders to be 1,417,562.

Initially, the rumours about Solana’s support appeared earlier in the year when Jane Manchun Wong, the tech blogger and app researcher, tweeted highlighting that OpenSea is in the process of Solana integration as well as Phantom Wallet support. And prior to this, an SOL enthusiast also hinted about it. Hence, this integration was something expected for the community.

Solana is a network that many artists prefer for minting Non-Fungible Tokens (NFTs). The network has become a competitor to the major Ethereum network. Solana is the third-largest smart contract platform coin in respect to market valuation. At the time of writing, the SOL coin is trading at $122.31 and stands at the eighth position by market cap, which is $39,782,588,227.

An advantage with the Solana network is that minting NFTs on it is a bit cheaper than Ethereum, with lower gas fees. And these features make it more cost-effective for the users.