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OpenSea Completing Solana Integration In April, Growing NFT Ecosystem

By Shannon Wilson | March 31, 2022
NFT, Metaverse,

Non-fungible token (NFT) marketplace OpenSea reportedly revealed details related to the anticipated integration of the Solana (SOL) blockchain within its platform. 

Specifically, the development has reportedly been expected by the sector for a while, with industry professionals and numerical insights believed could offer reciprocal perks throughout both ecosystems, together with positive sentiments for the broader NFT sphere.

The official start date is reportedly still anonymous, with the only detail is it will be in April, where Solana will be added to the list of three networks, Ethereum, layer-2 Polygon and Klaytn, which can be seen via the drop-down “all chains” tab on the rankings page.

Implying at the vast number of tweets and media publications regarding the possible occurrence of a Solana release, OpenSea cheerfully referred to the announcement as the “best-kept secret in Web3.” Head of blockchain Adam Montgomery also shared his perspective on the launch.

Their sixteen-second teaser reportedly received lots of positive feedback from the community of supporters, which is numerically evidenced by the tweet attracting 615,500 views, 8,964 retweets and 21,700 likes in the eighteen hours since the roll-out.

The establishment of NFT marketplace LooksRare in January this year reportedly marked the first time an authentic leadership challenge occurred to the multi-year monopoly, in the possession of OpenSea within the NFT sphere. 

It reportedly witnessed the adoption of an airdropping model, which equips veteran investors the opportunity to claim governance LOOKS tokens as incentives for taking advantage of the platform.

Quantitative insights from Dune Analytics reportedly disclosed that LooksRare has completed the registration of an overall figure of 55,874 users since inception on Jan. 10, supporting more than $21.3 billion in trading volume.

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