OpenSea Signals Integration of Solana NFTs by April

Solana’s non-fungible tokens (NFTs) will be available for purchase and sale on the OpenSea website by April. The company reported via a video on Twitter.

The launch date has yet to be revealed, however. Following Ethereum (ETH), Polygon (MATIC) and Klaytn (KLAY), Solana will become the fourth blockchain supported by OpenSea.

Currently, Solana users can only trade NFTs on Magic Eden, Solanart, and SolSea, but the largest NFT marketplace will be opened as a new avenue for trade next month.

Transactions in OpenSea are largely done on Ethereum.

OpenSea managed to raise $300 million in a funding round earlier this year, bringing its valuation to $13 billion. Crypto VC Paradigm was among the backers and the fund was started by Katie Haun, a former general partner at a16z.

The NFT market has also launched its own venture capital program. The underlying idea is to invest in startups and projects involved in NFTs.

In February, OpenSea decided to launch its own venture capital program, with the idea of ​​investing in startups and projects within the NFT ecosystem. Social and gaming-oriented projects are also planned by the firm.

Blockchain.News reported in January that for the first time, the monthly volume of NFT transactions violated the $4 billion level on OpenSea, according to data from market intelligence provider Dune Analytics.

This represented a 20% increase from the previous peak of $3.4 billion reached in August 2021. Furthermore, the report adds that total sales in this market reached $25 billion in 2021.

Image source: Shutterstock

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