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Solana NFTs are now supported in OpenSea’s beta version.

The largest NFT marketplace OpenSea now supports non-fungible tokens (NFTs) based on the Solana (SOL) blockchain, a public blockchain and a competitor to Ethereum (ETH).

Support for Solana NFTs is still in beta, according to OpenSea’s website, with limited collection coverage. “A scalable mechanism to expand coverage via the Metaplex collection standard will be included in the full launch,” OpenSea noted.

Collectors can now browse, buy, and sell environmentally friendly Solana NFTs from 165 supported collections. Low gas fees are also a benefit of Solana over Ethereum.

OpenSea teased Solana support in a video just a week ago, and now it’s official. However, rumors of Solana support have been circulating since the beginning of the year, and given that Solana is home to one of the fastest-growing NFT ecosystems, such a move was widely expected.

Meanwhile, Metaplex powers OpenSea’s Solana integration, which allows artists and creators to create self-hosted NFT storefronts on Solana.

Metaplex reported the enormous rise of the NFT sector on Solana in a recent report, stating that over 3 million Solana wallets already store NFTs, with 700,000 of them being active monthly.

Furthermore, the Solana blockchain has generated 9.7 million NFTs thus far. According to the study, total sales of USD 2.2 billion have been registered since June 2021.

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This article is just for educational purposes.

Make your own exploration before making any form of investment, as always.

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