Solana-based NFTs Are Finally Live On OpenSea

Test Test

When 2022 kicked in, OpenSea said it planned to bring NFTs to a broad consumer audience and reduce its barriers to entry. So far, the major NFT marketplace is living up to its promises: this Monday, the platform announced to allow credit card payments for NFTs, and as of today, OpenSea allows selling and listing NFTs minted on the Solana blockchain.

Recently, OpenSea teased a video sarcastically commenting that the Solana NFT launch is “the best kept secret in Web3.” Solana is the second most popular blockchain for minting NFTs after Ethereum and stands out by having a high-performance and low gas fee network.

During the current beta phase, OpenSea aims to test and improve the user experience with Solana. So far, the platform has listed 165 Solana NFT collections but promised to keep adding more and listing creators daily.

Early this year, OpenSea raised $300 million in Series C funding with a $13.3 billion company value.

However, other news in the NFT industry are quite the opposite. According to data by Cryptoslam, Solana NFT sales have dropped by 24% in the last 24 hours. OpenSea has also seen a decline in trading volume in the past months. The marketplace’s users have suffered significant losses due to scams and phishing attacks. This week, at least three lawsuits have been filed for stolen Bored Apes, worth hundreds of thousands of dollars. 

Here is the list of best Solana NFT marketplaces that you should know about. To better understand how to mint NFTs on Solana read Metaverse beginners guide.

The following articles might be of interest to you:

Agne Cimermanaite

Agne is a journalist who covers the latest trends and developments in the metaverse, AI, and Web3 industries for the Metaverse Post. Her passion for storytelling has led her to conduct numerous interviews with experts in these fields, always seeking to uncover exciting and engaging stories. Agne holds a Bachelor’s degree in Literary Studies from the University of Amsterdam and has an extensive background in writing about a wide range of topics including cybersecurity, travel, art, and culture. She has also volunteered as an editor for the animal rights organization, “Open Cages,” where she helped raise awareness about animal welfare issues. Currently, Agne splits her time between Barcelona, Spain, and Vilnius, Lithuania, where she continues to pursue her passion for journalism. Contact her on [email protected].

Follow Author

More Articles
Read More
Web3Auth and Google Cloud Unveil Firebase Extension for Web3 Onboarding
Business News Report
Kenyan MPs Demand Shutdown of Worldcoin’s Crypto Venture in Kenya
News Report Technology
Grayscale Seeks SEC Approval to Convert Ethereum Trust into Spot ETF
Markets News Report