According to rumors circulating on Twitter, OpenSea, the world’s largest NFT market, may soon plan to support Solana-based NFTs.
The OpenSea website indicates support for Solana NFTs
Blogger Jane Manchun Wong posted screenshots from the OpenSea website showing Solana among the supported blockchains, namely Ethereum, Klatyn, and Polygon. The screenshot also shows the market supporting Solana’s Phantom wallet.
OpenSea is working on Solana integration, as well @Phantom wallet support pic.twitter.com/ZEefshKSY1
– Jane Manchun Wong (@wongmjane) January 25, 2022
According to Wong, she found Solana’s references while doing reverse engineering on the market’s website.
In recent years, Ethereum’s dominance in DeFi and NFTs has come under increased attack from competing blockchains like Cardano, Solana and others. In January 2021, Ethereum had almost complete dominance of the space with a 95% market share. This figure is now around 80%, with Solana’s network being its closest competitor.
OpenSea refuses to confirm the rumor
The platform remained far from the screen, saying it was an old speculation. An OpenSea spokesperson said they would comment when something was said.
While the platform chose not to comment on the topic, Solana’s support for OpenSea is a logical step. With the ” killer ethereum which is gaining significant market share, it would make sense for Opensea to adopt another blockchain to expand its lead in space.
This will once again prove how much ground Ethereum will lose to its competitors. Blockchain, which has been a major network for decentralized applications, is facing serious issues from scalability to high gas charges to network congestion.
OpenSea itself has been plagued by a certain level of security issues, most recently exploiting a bug in the platform to steal over $ 1 million worth of NFT assets.
