Last year, the NFT craze exploded, and it’s only getting bigger. And now it’s even easier to migrate NFTs to the Solana blockchain. Wormhole has launched an Ethereum-Solana non-fungible token (NFT) bridge between the two blockchains.
The move creates a bi-directional highway for the more than 6.68 million NFTs that have ever been sold on Ethereum to travel cross-chain to SOL and bring SPL assets to ETH, with a volume of more than 2,633,632 SOL.
Wormhole will connect different networks of artists, musicians, and content creators between the Solana and Ethereum ecosystems by unlocking these floodgates.
The owner of Solana NFTs must bridge them to Ethereum in order to list them on OpenSea. This will lock their original NFT on Solana and mint an Ethereum-based “wrapped” version to list on OpenSea.
The SPL asset will run like any native ERC-721 non-fungible token and the initial transfer takes roughly five minutes. Anyone can take ERC-721 NFTs and transfer them to Solana, allowing users to list their BAYC NFT on Solana markets, for example.
Wormhole intends to provide a user interface that allows users to check which original NFT (on the original chain) is backing the asset in the future, allowing the legitimacy of the asset to be validated.
