Following months of speculation, prominent NFT marketplace OpenSea today confirmed that it will allow NFTs created on the Solana blockchain.
NFT traders will be able to buy and sell Solana NFTs on OpenSea’s website beginning next month, the venture-backed startup said in a video clip it shared on Twitter, though the firm did not give a specific launch date.
NFTs from a number of top Solana collections, including Solana Monkey Business, Aurory, Boryoku Dragonz, Catalina Whale Mixer, and Degenerate Ape Academy, are rapidly shown in OpenSea’s promotional film.
After Ethereum, Polygon, and Klatyn, Solana will be the fourth blockchain supported by OpenSea. With a market cap of $1.5 billion over its several collections, Solana is the second-largest NFT ecosystem behind Ethereum.
On the back of rising collections including Solana Monkey Business, Degenerate Ape Academy, and Aurory, the Solana NFT area increased fast in the third quarter of 2021. Solana’s transactions are faster, cheaper, and more energy-efficient than Ethereum’s mainnet.
OpenSea announced the establishment of its own venture program in February, with the goal of investing in NFT firms and initiatives. The venture arm’s mandate also includes social and gaming-related ventures.
OpenSea, which is powered by Ethereum, is now the most popular marketplace in the NFT business, with billions of dollars in monthly trading volume, including more than $5 billion in January across Ethereum and Polygon, a sidechain scaling solution. Following a $300 million Series C investment in January, OpenSea was valued at $13.3 billion.