OpenSea has confirmed that they will be adding support for Solana ($SOL) NFTs in April this year.
OpenSea is the leading NFT marketplace. To date, OpenSea has sold over US$23.5B in NFTs to over 1.4 million traders.
The announcement made through Twitter dubbed “the best kept secret in web3” shows a bunch of users who are keen on the integration with the Solana Blockchain.
Once the integration is completed in April, Solana will join Ethereum ($ETH), Polygon ($MATIC), and Klaytn ($KLAY) as the fourth edition to the NFT marketplace.
This news isn’t new to some though.
Tech blogger Jane Wong had tweeted “OpenSea is working on Solana integration, as well as Phantom wallet support”. Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.
Solana is a Layer 1 blockchain, like Ethereum. Although, Solana uses Proof-of-History as its consensus mechanism compared to Ethereum’s Proof-of-Work. This allows Solana to have a throughput of 60,000 transactions per second, compared to Ethereum’s current 15 transactions per second. This would make Solana a cheaper network to use, with much lower gas fees compared with a blockchain like Ethereum.
Solana is up 11.23% today at a price of $124.14, with a 24-hour trading volume of $3,860,298,289 USD.
