OpenSea, a nonfungible token (NFT) marketplace, has announced the integration of the Solana (SOL) blockchain within its platform, a long-awaited move that industry experts and numerical data suggest could have reciprocal benefits across both ecosystems, as well as positive sentiments for the wider NFT space.
Solana is planning to join the list of three networks: Ethereum, layer-2 Polygon, and Klaytn, and will be visible through the drop-down “all chains” option on the rankings page, beginning on an unspecified date in April.
OpenSea started referring to the announcement as the “best-kept secret in Web3,” due to the large number of tweets and media articles about the possible launch of Solana. Adam Montgomery, the head of blockchain, also shared his thoughts on the launch.
The launch of NFT marketplace LooksRare in January 2022 was the first genuine leadership challenge to OpenSea’s multi-year monopoly in the NFT sector. It featured the implementation of an airdropping model, which enabled seasoned investors to collect governance LOOKS tokens as incentives for using the platform.
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