Solana NFTs to Hit Opensea’s Marketplace

Last updated: Mar 30, 2023
2 Min Read
AI Generated Summary
Summary
Summary
https://img.coinbureau.dev/strapi/2021/09/Newsletter_inline.jpg
https://img.coinbureau.dev/strapi/2021/09/Newsletter_inline.jpg

Non-fungible tokens (NFTs) built on Solana (SOL) will soon be available for trading on OpenSea, the world’s biggest NFT marketplace.

OpenSea posted a teaser video on Twitter, answering one of the questions most often asked by its users: “Wen Solana?”

According to Opeansea’s teaser, Solana NFTs should be ready on the platform sometime in April.

The leading NFT marketplace will be the second crypto giant to give the nod to Solana as of late. Earlier this month, Coinbase, the largest digital asset exchange in the US, announced it would be providing support to the Solana ecosystem. Coinbase plans to further integrate Solana-based decentralized applications (DApps), as well as allow users to store Solana-native non-fungible tokens (NFTs) directly inside their Coinbase Wallet app.

“One of the blockchain networks that has seen a surge in usage is Solana, which has built a vibrant community of both developers and users along the way. Today’s update makes it easier to keep track of all your crypto across an ever-growing range of supported networks, without the need to manage multiple wallet apps,” Coinbase said in a blog post.

Image via Shutterstock
Image via Shutterstock 

According to blockchain-tracking service Dune Analytics, the most popular Solana NFT collections are:

Alpha Digital, Eyez Exchange_Art, Magic Eden, MagicEdenNew, Metaplex, Solanart and Solsea.

Dune shows MagicEden with massive control over the market, currently at 91.5% dominance over the last seven days.

According to Defillama, Ethereum still maintains almost total dominance over the NFT marketplace, with about 96% of the market share. Solana, at 0.57% market share and $115 million in total volume, is expected to gain on other competitors like Harmony (ONE) and ImmutableX (IMX).

Coin bureau logo circle.jpg

The Coin Bureau news team comprises a group of talented writers and analysts committed to delivering timely and accurate information about the world of cryptocurrency. Led by a seasoned editor-in-chief with extensive experience in financial journalism, the team boasts diverse backgrounds and skills, from technical analysis to industry insights.

Disclaimer: These are the writer’s opinions and should not be considered investment advice. Readers should do their own research.

Previous article
Terraform Labs Founder Do Kwon Aims To Be Biggest Bitcoin Holder On Earth
next article
Grayscale May Sue the SEC Over ETF Rejections