Leading NFT marketplace, OpenC, recently shared a teaser on Twitter – confirming a month-old speculation that OpenC will list Solana-based NFTs on its platform from April. Captioned as ‘the best-kept secret in web3’, it spoke about the months of anticipation and inquiry by NFT enthusiasts into the Solana blockchain.
web3🤣 . best kept secret in pic.twitter.com/xuZn64cZ4U
— opensea (@opensea) 29 March 2022
Renowned hacker and blogger Jen Muncham Wong, Groove Screenshots of the details of the merger in January. Her suspicions of integration were further heightened this week when she found more evidence. Later Entry Another leaked screenshot, she tweeted,
“OpenSee Adds “Solana Beta” Label and Soulflair Wallet Support for Solana integration they’re wrapping.”
What does this mean for the Solana community?
This news is being received positively by the Solana community. OpenSea is the largest market for NFT sales, with a total sales volume of approximately $24 billion. according to this cryptoslamSolana is the second largest blockchain in terms of trading volume after Ethereum.
Magic Eden is expected to suffer the most in this deal. It hosted 90% of all Solana NFT trades in the past week. Now the fallout from the OpenC merger is expected but the vote of confidence was posted on Twitter.
bring him
– Magic Eden – Solana’s Leading NFT Marketplace (@MagicEden) 29 March 2022
Can Solana finally “kill” Ethereum’s NFT market?
Most NFTs are listed on Ethereum but Solana is also home to some major collections. Some of the most popular NFT collections on Solana are Degenerate Ape Academy, Solana Monkey Business, Aurori and Boryoku Dragonz. All of them are expected to be listed on OpenSea as the merger process is underway in April.
The frightening part for the Solana community is the NFT market capitulation by Ethereum. according to the data of cryptoslamEthereum has had around $1.8 billion in NFT sales volume over the past 30 days. Solana comes in second place with a trading volume of $170 million, which is less than a tenth that of Ethereum.
However, the Solana blockchain offers high throughput and scalability in a growing ecosystem. With low gas fees coupled with cheap NFT mining, Solana has built a strong foundation to accelerate its NFT market. The new merger with OpenSea is expected to prompt a renewal of Solanis as they arrive in April.