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Is OpenSea considering supporting Solana NFTs?

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OpenSea considering supporting Solana NFTs

Rumors spreading on Twitter say that the world’s largest NFT marketplace, OpenSea, might be planning support for Solana-based NFTs soon. 

OpenSea website shows support for Solana NFTs

Popular tech blogger, Jane Manchun Wong, released screenshots of OpenSea’s website showing Solana among the supported blockchains of Ethereum, Klatyn, and Polygon. The screenshot also shows the marketplace supporting Solana wallet, Phantom.

According to Wong, she discovered Solana references whilst reverse-engineering the marketplace website.

Available data shows that OpenSea was responsible for over 60% of NFT trades last year. So, providing support for NFTs from another blockchain will be part of its effort to maintain its current dominance in the space. 

In recent times, Ethereum’s dominance in DeFi and NFT have come under increased attack from rival blockchains like Cardano, Solana, and others. As of January 2021, Ethereum had near-total domination of the space with 95% of the market share. That figure is now around 80%, with Solana network its closest rival.

READ MORE: Source cryptoslate.com

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