HomeNewsIs OpenSea planning to support Solana NFTs?

Is OpenSea planning to support Solana NFTs?

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Rumors spreading on Twitter inform that the arena’s most spicy NFT market, OpenSea, would be planning support for Solana-basically based completely NFTs right now.

OpenSea internet sites exhibit support for Solana NFTs

Standard tech blogger, Jane Manchun Wong, launched screenshots of OpenSea’s internet sites showing Solana among the many supported blockchains of Ethereum, Klatyn, and Polygon. The screenshot also exhibits the market supporting Solana wallet, Phantom.

OpenSea is engaged on Solana integration, as effectively as @Phantom wallet support pic.twitter.com/ZEefshKSY1

— Jane Manchun Wong (@wongmjane) January 25, 2022

Essentially basically based totally on Wong, she came across Solana references while reverse-engineering the market internet sites.

Readily accessible recordsdata exhibits that OpenSea becomes accountable for over 60% of NFT trades final year. So, providing support for NFTs from yet any other blockchain will most likely be a section of its effort to withhold its fresh dominance within the plan.

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In fresh times, Ethereum’s dominance in DeFi and NFT have come under increased assault from rival blockchains like Cardano, Solana, and others. As of January 2021, Ethereum had shut to-total domination of the plan with 95% of the market share. That pick is now spherical 80%, with Solana community its closest rival.

OpenSea refuses to substantiate the rumor

The platform has distanced itself from the screenshot, claiming it’s outmoded speculation. An OpenSea spokesperson acknowledged that they would comment when there’s one thing to claim.

Whereas the platform has chosen to remain tightlipped on the subject, providing support for Solana is a logical dash for OpenSea. With the “Ethereum-killer” gaining a predominant market share, it’d be logical for the main market to unfold its tentacles to retain its lead within the plan.

Nonetheless, if the legend is officially confirmed, it’ll further gift how great ground Ethereum is shedding to its opponents. The blockchain, which has been the prime community for decentralized capabilities, faces extreme issues starting from scalability to excessive gasoline prices, and community congestion.

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OpenSea itself has been going via some level of security challenges amid more intense competition from LooksRare. Now not too lengthy within the past, a bug on the platform become exploited to decide over $1 million rates of NFT resources.

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