Solana NFTs Enters OpenSea Waters

  • Solana NFTs are now live on OpenSea, biggest NFT marketplace as of now. Release comes amid recent issues on Solana network.
  • As per the marketplace, Solana support was added in beta with restricted collection coverage, there are reportedly 165 collections.
  • In Discord server of OpenSea, marketplace community team members were complaining regarding issues in acquiring Solana NFTs.

Solana NFTs Live On OpenSea

Following previous week’s teaser that support was on the way, NFTs minted of Solana ecosystem are now live on OpenSea, biggest marketplace by sales.

OpenSea is majorly based around Ethereum and at present, it is shedding dominance over NFT sector by a big margin. With inclusion of Solana, OpenSea now accommodates collectibles from 2nd largest FT ecosystem outside of Ethereum and its L2 scaling solutions.

As per the marketplace, Solana support was included in beta, with limited collection coverage. OpenSea states that is supports 165 collections at present, although if folks search this marketplace by chain, it exhibits over 865,000 NFTs minted on Solana Network.

Well liked Solana NFT collections such as Shadowy Super Coder, Aurory, Degenerate Ape Academy, DeGods, and Solana Monkey Business are listed on OpenSea at present.

Solana provides a prominently reduced transaction fees than Ethereum, and highly energy efficient blockchain ecosystem which can manage bigger numbers of transactions at a time.

Solana Suffering From Network Issues

Solana NFTs went live earlier today on OpenSea after official declaration, but were lost due to some reason for numerous hours. The absence then was then thought of due to Solana Network issues, leading several to social media to speculate that OpenSea has halted the release because of network congestion. No official comment was given on this by OpenSea.

As the top tiered NFT marketplace, OpenSea now routinely manages billions of dollars worth of sales volume each month. As of now, Eden magic is the largest NFT marketplace based on Solana Ecosystem and creates trading volume in hundreds of millions every month.

Magic Eden affirmed to a news website that it will embrace its “Solana Native” staus and let clients spend tokens from projects such as DeGods and Aurory to get their hands over NFTs.

Interestingly, OpenSea is different from other Solana NFT marketplaces by letting folks keep listed NFTs in their wallet. OpenSea stated that, folks do not have to choose among control and liquidity — when they list, they will remain in the wallet unless sold.

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Source: https://www.thecoinrepublic.com/2022/04/07/solana-nfts-enters-opensea-waters/