Key takeaways:
- The world’s largest NFT marketplace, OpenSea, has announced that the platform is set to integrate Solana next month
- The OpenSea team made a sarcastic remark when posting a short teaser video, joking that the Solana unveil was “The best kept secret in web3”
- Solana joins three currently supported chains on OpenSea, including Ethereum, Polygon, and Klaytn
After months of speculation, OpenSea will finally integrate Solana next month
On Tuesday, OpenSea published a short teaser video on Twitter with the sole message: Solana is coming to OpenSea. The long-awaited move comes after months of speculation, rumors, and clues, which the world’s largest non-fungible token marketplace repeatedly brushed aside as unsubstantiated.
The OpenSea team acknowledged the fact that its repeated dismissal of Solana rumors was pretty much futile. “The best kept secret in web3,” wrote the team, obviously acknowledging that the broader crypto community knew that Solana integration was only a matter of time.
Earlier this year, for instance, prominent blogger and hacker Jane Manchun Wong found clues of a potential Solana integration by reverse-engineering the OpenSea website. At the time, she said that whoever was working on the new features went to great lengths to “try to hide it.” Given Wong’s previous track record and status, the community Still, the OpenSea team dismissed her findings as “old speculation”.
The integration of Solana blockchain with OpenSea will likely pay dividends for both companies in the long term. Solana’s low gas fees and throughout of up to 50,000 transactions per second make the blockchain one of the best NFT chains in the space and a great addition to OpenSea’s current roster consisting of Ethereum, Polygon, and Klaytn.
According to Dapp Radar, the biggest Solana-centric NFT marketplace Magic Eden facilitate over $41 million in NFT trading volume in the past month. For further context, OpenSea facilitated $2.64 billion in trading volume during the same time period.
The price of Solana’s native SOL token jumped to its multi-month high on the news of OpenSea integration. At press time, SOL was changing hands at $124, up 19.5% since Tuesday.
