By April, OpenSea expects Solana NFTs to be integrated

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By April, OpenSea expects Solana NFTs to be integrated

By April, OpenSea expects Solana NFTs to be integrated
1648717290 31 Mar / 09:01

The premiere date, on the other hand, has yet to be announced. Solana will join Ethereum (ETH), Polygon (MATIC), and Klaytn (KLAY) as the fourth blockchain supported by OpenSea.

Solana users can currently only trade NFTs on Magic Eden, Solanart, and SolSea, but the largest NFT marketplace will launch as a new trading avenue next month.

The majority of OpenSea transactions take place on Ethereum.

OpenSea secured $300 million in a fundraising round earlier this year, valuing the company at $13 billion. Katie Haun, a former general partner at a16z, was one of the fund’s backers, and the fund was founded by Katie Haun, a former general partner at a16z.

The NFT marketplace has also started its own venture capital program. The objective is to put money into NFT-related startups and projects.

In February, OpenSea announced the creation of its own venture program, with the goal of investing in NFT firms and projects. The company is also working on social and gaming-related topics.

According to data from market information source Dune Analytics, monthly NFT trade volume on OpenSea surpassed $4 billion for the first time in January, according to Blockchain.News.

It was a 20% increase over the previous high of $3.4 billion set in August 2021. According to the estimate, overall sales in this market would reach $25 billion in 2021.

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