Solana NFTs Have Been Added To OpenSea: Report

Solana NFTs have been added to OpenSea in beta mode finally and the launch came amid the recent network issues of Solana so let’s read more in today’s latest blockchain news.

Following last week’s official teaser that the support is coming, the NFTs minted on the Solana blockchain network are available to trade on OpenSea which is the biggest NFT market by volume. Opensea is based around Ethereum primarily and now dominates the NFT trading space by a larger margin so now with the addition of Solana, OpenSea accommodates collectibles from the second biggest ecosystem outside of Ethereum.
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The moment you’ve been waiting for… @Solana is officially on OpenSea – starting today, with our initial beta!https://t.co/VjhqeGHZxc

— OpenSea (@opensea) April 6, 2022

According to the marketplace, Solana support was added in beta with a limited collection coverage and OpenSea added that it now supports 165 collections but if you search the marketplace by a chain, it shows that there are 865,000 total NFTs minted on Solana. Popular collections like DeGods, Aurory, Degenerate Ape Academy, and Solana Monkey Business are listed on OpenSea. Solana offers dramatically low fees compared to Ethereum and it is also energy-efficiency meaning it can handle a bigger number of transactions at a time.

Solana’s arrival on OpenSea was long anticiapted and the leaked data started emerging in January which continued until the official tease with users spotting apparent Solana wallet integrations being added to the market. Now, Solana NFTs have been added to Opensea ahead of the big announcement however they went missing for a few hours. The absence coincided with the network issues which led many on social media to speculate that OpenSea pulled back the launch as a result of network congestion but OpenSea didn’t really say anything to support this statement.

In the Discord server of OpenSea, members of the marketplace team responded to user complaints after they tried to purchase an NFT and one representative even wrote that the whole company is working on it right now referring to getting Solana NFT functionality running as expected. Anatoly Yakovenko the co-founder of Solana Labs responded to complaints about the network performance. Fixing this is a high priority.

OpenSea now handles billions of dollars worth of trading volume every month and Magic Eden is now the biggest marketplace on Solana as it generated millions each month. Magic Eden confirmed that it will embrace the Solana-native status and allow customers to spend tokens from projects like DeGods and Aurory to buy NFTs. OpenSea differs from other marketplaces by allowing users to keep listed NFTs in their own wallets. OpenSea wrote:

 “On OpenSea, you don’t have to choose between liquidity and control—when you list, your NFTs stay in your wallet until they’re sold.”