OpenSea Teases April Drop Date for Solana NFTs

Key Takeaways

OpenSea appeared to verify rumors as we speak that it might quickly combine Solana NFT performance.
Whereas no actual date was given, OpenSea tweeted a teaser video alluding to April.
Introducing Solana NFTs to its market would put OpenSea in direct competitors with Magic Eden, Solana’s present main NFT market.

NFT market OpenSea has alluded to an April launch date for its Solana NFT assist. Such assist would place OpenSea in direct competitors with Magic Eden, the present chief in Solana NFT gross sales.

April Drop Date

Solana NFTs could also be accessible on OpenSea inside the subsequent month, in response to the NFT large’s official Twitter account.

In a tweet today, OpenSea teased imminent Solana NFT assist within the type of a 16-second video teaser. With a caption studying, “The most effective saved secret in web3,” the teaser video shows the textual content, “wen solana?” amongst a collage of NFTs earlier than stating, “April 2022.”

The precise date continues to be unknown, and whereas OpenSea’s messaging is simply barely cryptic, the announcement all however confirms rumors that the main NFT market would quickly combine Solana performance.

Rumors of Solana NFT assist have circulated since as early as January, when screenshots appeared on-line of what seemed to be Phantom pockets performance inside OpenSea. Tech blogger Jane Manchun Wong discovered references to Solana as a supported blockchain whereas reverse-engineering OpenSea’s web site, which she then shared on-line. On the time, OpenSea tried to distance itself from the implication.

Now, nevertheless, it seems that the rumors contained some reality.

OpenSea stays the world’s dominant NFT market with over 1.6 million ETH in gross sales quantity transacted in March 2022, per Dune Analytics.

At present, Magic Eden leads the way in which in Solana NFT gross sales by a large margin, outperforming second-place Solanart by a sixteen-fold margin on the time of writing. Magic Eden loved a lift earlier this month within the type of a $27 million sequence A increase led by Paradigm. If OpenSea strikes ahead with Solana NFT performance, it might probably have a noticeable affect on Magic Eden’s market share.

Solana could be the fourth blockchain supported on OpenSea, the opposite three being Ethereum, Polygon, and Klaytn.

Disclosure: On the time of writing, the creator of this piece owned ETH, SOL, a number of different cryptocurrencies, and NFTs.

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