blockchainreporter
  • News
    • Altcoins
    • Bitcoin
    • Blockchain
    • Ethereum
    • Adoption
    • NFT
    • DeFi
    • Metaverse
  • Education
  • Glossary
  • Advertise
No Result
View All Result
Bet Now
blockchainreporter
  • News
    • Altcoins
    • Bitcoin
    • Blockchain
    • Ethereum
    • Adoption
    • NFT
    • DeFi
    • Metaverse
  • Education
  • Glossary
  • Advertise
No Result
View All Result
blockchainreporter
Bet Now
No Result
View All Result
Bitcoin
BTC
1d:
7d:
Ethereum
ETH
1d:
7d:
Polkadot
DOT
1d:
7d:
Solana
SOL
1d:
7d:
Ripple
XRP
1d:
7d:
Shiba INU
SHIB
1d:
7d:

Solana NFTs On OpenSea Marketplace In April

Max Clark by Max Clark
March 30, 2022 - 6:03 pm
in nft news, altcoins news, blockchain news
0
Solana NFTs On OpenSea Marketplace In April
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

OpenSea, the largest marketplace for NFTs, announced that NFTs minted on the Solana (SOL/USD) blockchain will now be supported

NFTs produced on the Solana (SOL/USD) blockchain will now be supported by OpenSea, the largest marketplace for non-fungible tokens (NFTs). Solana NFTs will be accessible in April, according to OpenSea, although no precise date has been announced. Solana is the second-largest network for minting NFTs at the moment. Ethereum is now the most valuable cryptocurrency. The network’s NFT collections have a market capitalization of $1.5 billion.

The platform referred to it as ‘the best hidden secret in Web3, according to the film, which began with the sentence ‘wen Solana in a search bar.’ The benefits of this expose to the worldwide community are only the beginning of what OpenSea might do in its quest to become the leader in the NFTs field. This is not to imply that the marketplace has not been performing well. According to analysis from Dune Analytics, this month has produced over $5 billion in sales.

Following the release of popular collections such as Degenerate Ape Academy, Solana Monkey Business, and Aurory on the network last year, Solana gained popularity among NFTs. Because of its high speeds and inexpensive prices, the network has grown more popular among developers. When compared to networks like Solana, this is a significant advantage for the network.

Solana NFT compatibility has been rumored since January, when pictures of what seemed to be Phantom wallet functionality within OpenSea surfaced online. While reverse-engineering OpenSea’s website, tech blogger Jane Manchun Wong discovered references to Solana as a supported blockchain, which she subsequently publicized publicly. OpenSea sought to remove itself from the implication at the time.

Magic Eden, the primary marketplace for Sol NFTs, may face a threat as a result of OpenSea’s growth. According to a Dune Analytics dashboard, Magic Eden now has a 90% market share in Solana’s NFT sales in the last week. The 2% transaction fee charged by Magic Eden is 50 basis points lower than that charged by OpenSea. Which is giving buyers and sellers a minor advantage. It remains to be seen if this will be enough to keep the market leader at bay.

Tags: BlockchainBTCCryptoCryptocurrencyEthereumNFTOpenSeaSOLSolanaWeb3
ShareTweet
Max Clark

Max Clark

Max Clark is a content writer specialising in the cryptocurrency space. He is very enthusiastic about altcoins, NFTs, and the Metaverse. Max is convinced that the network is capable of replacing the existing global monetary system and granting financial independence to billions of people all over the world. Max loves to go on adventures, play sports, and read books when he has free time outside of work. He has also worked in the financial industry before, so he knows how the world's banking system works and how to deal with clients in the tech and finance industries.

Recommended For You

WRX Coin Price Prediction: Will WazirX Rise amid Ongoing Crisis?

by Shayan Chowdhury
February 8, 2023 - 5:31 am
0
WazirX

According to our WRX coin price prediction, the digital asset may witness a massive pump if the WazirX platform eliminates its current allegations. 

Read more

Damus Pulled from Appstore, METAVERTU’s DApp Store Invites it in

by Max Clark
February 7, 2023 - 2:00 pm
0
metavertu

Last year, the luxury phone brand VERTU launched METAVERTU, which claims itself "the world's first Web3 phone" and has a decentralized app store called Metaspace.

Read more

Algorand Foundation Declares Huge Collaborations in India to Push the Boundaries of Web3

by Umair Younas
February 7, 2023 - 12:25 pm
0
Algorand Price Prediction 2030

Algorand Foundation’s target is to support the enhancement of employment opportunities within the web3 ecosystem of India.

Read more

Signature Bank is Being Sued for Allegedly Ignoring FTX Fraud

by Kester Odero
February 7, 2023 - 12:06 pm
0
signature bank

Statistica Capital is suing Signature Bank over links with the FTX fraud. Stastisca, says they had consent of FTX's fraud plans but said nothing.

Read more

How Cryptocurrency Casinos Came about and What Happened as a Result

by Wayne Jones
February 7, 2023 - 11:35 am
0
casino

The emergence of cryptocurrency casinos online was a breakthrough in the gambling industry.

Read more
Next Post
Visa Introduced NFT Program To Support Creators

Visa Introduced NFT Program To Support Creators

PARTNERS LIST

PRESS RELEASE

Coinbase-Backed DeSo Unveils MegaSwap, a “Stripe for Crypto” product, with Over $5 Million in Volume

by chainwire
February 7, 2023 - 3:02 pm
0

Los Angeles, United States, 7th February, 2023, ChainwireDeSo is excited to announce the launch of MegaSwap – a revolutionary, cross-chain...

The Future of DAOs Takes Center Stage in Tel Aviv

by chainwire
February 6, 2023 - 8:00 am
0

Tel Aviv, Israel, 6th February, 2023, ChainwireThe DAOVOZ collective is excited to announce the inaugural DAOVOZ Tel Aviv event on...

Game Space Powers Web3 Gaming With the Launch of Player One Tournament, Aligns Partnership with Splinterlands, Gods Unchained and Big Time

by Max Clark
February 3, 2023 - 12:00 pm
0

For Player One Tournament, Game Space will continue to cooperate with more public chains, various gaming guilds, Web3 Infra, Web3...

Metacade presale investment rockets past $5 million as GameFi investors hurry to buy remaining MCADE tokens

by chainwire
February 2, 2023 - 3:38 pm
0

London, United Kingdom, 2nd February, 2023, ChainwireThe Metacade presale is selling out fast with stage 3 coming to a close...

BlockchainReporter is a trusted name in the cryptocurrency and blockchain technology news space, keeping its readers abreast of the latest and most significant trends in the industry.

Here at BlockchainReporter, our team of global writers is dedicated to providing price analysis on leading cryptocurrencies and covering the latest developments pertaining to bitcoin news, altcoins news, blockchain news, NFT news and cryptocurrency adoption news from around the world.

News

  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • Adoption
  • NFT
  • DeFi
  • Metaverse

Info

  • Education
  • Glossary
  • Market
  • Press Release

Company

  • About Us
  • Terms & Conditions
  • Advertise
  • Sitemap
  • Contact

@2022 – Blockchainreporter.net. All Right Reserved.

No Result
View All Result
  • News
    • Altcoins
    • Bitcoin
    • Blockchain
    • Ethereum
    • Adoption
    • NFT
    • DeFi
    • Metaverse
  • Education
  • Glossary
  • Advertise

@2023 - Blockchainreporter.net. All Right Reserved.