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Trade Solana NFTs On Opensea In Beta-Mode – It Has Finally Launched

Solana support has been enabled on OpenSea in beta mode....
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Photo by Uriel SC

OpenSea has added Solana NFTs to its largest NFT marketplace, OpenSea. This launch takes place amid recent Solana network problems, especially today.

Last week’s official teaser about support, NFTs created on the Solana Blockchain network are now available for trade on OpenSea. OpenSea is the largest NFT marketplace in terms of volume.

OpenSea’s primary focus is Ethereum. It currently leads the NFT trading market by a wide margin. OpenSea now supports collectibles from the second largest NFT ecosystem, outside of Ethereum and its sidechain/layer-2 scale solutions.

OpenSea currently lists popular Solana NFT collections such as Solana Monkey Business and DeGods. Degenerate Ape Academy, Urory and Shadowy Super Coder. Solana has lower transaction fees than Ethereum and can process more transactions at once.

OpenSea had been anticipating Solana’s arrival. The first leaks began in January, and continued through last week’s official tease. Users spotted possible Solana wallet connections being added to OpenSea.

OpenSea had Solana NFTs live earlier today ahead of the official announcement. However, they were then missing for several hours. Many speculated that OpenSea pulled the launch back due to network congestion. OpenSea didn’t say anything about this matter.

OpenSea’s Discord server previously, community members responded to user complaints about Solana NFTs. One representative stated that the “whole company is on it right now” apparently to get Solana NFT functionality working as expected.

Anatoly Yakavenko is co-founder and CEO of Solana Labs. He responded to Twitter complaints about Solana Labs’ network performance. wrote “Performance suckers under load” in one tweet. It is of paramount importance.” He also tweeted in defense of public criticism, writing , “Shame works.” You can keep your eyes on the prize if you have a fire in your stomach.”

OpenSea is the largest NFT marketplace and handles billions worth of trading volume every month. Magic Eden, the largest NFT marketplace in Solana, generates volumes in the hundreds of millions every month. Decrypt Magic Eden has confirmed that it will accept its “Solana native” status and allow customers to spend tokens on projects such as DeGods and Aurory to purchase NFTs.

OpenSea is different from other Solana marketplaces in that users can keep their NFTs listed within their wallet. OpenSea targeted rivals such as Magic Eden and FTX NFTs. They wrote that “On OpenSea you don’t need to choose between liquidity or control–when your NFTs are listed, they stay in your wallet until you sell them.”

Vitalik Ivanov

Vitalik Ivanov

Vitalik is a speaker / journalist. He has spoken and given presentations at many blockchain events across the world. Vitalik is based in the UK, he loves to travel and calls Dubai his "crypto home". Vitalik has enjoyed speaking at blockchain events and has a main focus on CBDC's, NFT's and altcoins. Vitalik says "Everything, and i mean everything will be an NFT one day".
Vitalik Ivanov

Vitalik Ivanov

Vitalik is a speaker / journalist. He has spoken and given presentations at many blockchain events across the world. Vitalik is based in the UK, he loves to travel and calls Dubai his "crypto home". Vitalik has enjoyed speaking at blockchain events and has a main focus on CBDC's, NFT's and altcoins. Vitalik says "Everything, and i mean everything will be an NFT one day".

© 2022 The Daily Encrypt. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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