Solana NFTs soon on OpenSea
According to OpenSeathe arrival of Solana’s NFTs is scheduled for next April. The company revealed the news in a tongue-in-cheek announcement:
The best kept secret in web3? pic.twitter.com/xuZn64cZ4U
—OpenSea (@opensea) March 29, 2022
As a reminder, the platform is currently compatible with blockchains from Ethereum(ETH)Polygon (MATIC) and Klaytn (KLAY). The arrival of Solana among them is therefore notable.
On the one hand, because Solana is among the best placed among the “Ethereum killers” who wish to compete with the King. On the other, because Solana’s NFT ecosystem begins to be established. Last March, NFTs sold on this blockchain totaled $140 million, according to data published by Cryptoslam.
Unsurprisingly, this remains well below the eternal competitor Ethereum, which totals $1.6 billion in sales over the same period. But some are betting on the emergence of a real alternative “made by Solana”. This is the case of JP Morgan analysts, who affirmed last January that Ethereum may well be under threat by its competitor’s NFTs during the year 2022.
? More info on the Solana (SOL) project and how it works
Consequences for other marketplaces
For existing marketplaces, such as magic eden, the arrival of the OpenSea juggernaut in the Solana NFT sector is of course not really good news. The latter currently collects 90% of the sales of non-fungible tokens created on Solana. A market share which could well collapse given the considerable place occupied by OpenSea in the NFT ecosystem.
For the moment, however, Solana’s NFT collections do not benefit from the enthusiasm that drives projects like the Cryptopunks or the Bored Ape Yacht Club. Imitations of large Ethereum projects are still very present, like the Degenerate Ape Academy, or the Pesky Penguins. Will Solana’s NFTs really manage to stand out and gain momentum? That remains to be seen.
? Must Read – The studio behind PUBG will make NFT games on Solana (SOL)
Source: Cryptoslam.io, CNBC
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About the Author : Marine Debelloir
Deputy editor on Cryptoast, I fell into the pot of cryptocurrencies a few years ago. I am passionate about the innovative technologies that stem from the blockchain and I like to find the most crispy information to share with you.
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