“The best kept secret in web3,” according to OpenSea, is its unsurprising integration with Solana-based NFTs. Teasing the news on Tuesday, NFT marketplace OpenSea has finally confirmed its plans to incorporate Solana NFTs minted on the popular blockchain.
The news comes after months of construction, due to multiple leaked screenshots by security researcher Jane Manchun Wong. The leaked images show further support for Solana and the Phantom wallet in its blockchain. Earlier this week, the cryptocurrency once again leaked an image featuring the “Solana Beta” logo and Solflare wallet support on the website.
Capitalizing on the hype, the introductory video released by OpenSea displayed a set of tweets discussing the market’s impending plans to finalize the Solana integration. The video ends after hinting that support will be added next month, without specifying an exact date.
The video also showcases the NFTs of several popular Solana-based digital collections, such as Solana Monkey Business, Degenerate Ape Academy, and Aurory. Currently, Solana NFTs contributes nearly $1.5 billion to the entire market capitalization of the NFT ecosystem.
The best kept secret in web3 – OpenSea (@opensea) March 29, 2022
Solana integration makes it the fourth blockchain added by OpenSea after Ethereum, Polygon, and Klatyn. The Ethereum-based NFT platform will likely compete fiercely with Magic Eden, Solanart, SolSea, and other popular marketplaces for Solana NFT. Shortly after OpenSea released the teaser video, Magic Eden tweeted:
Bring it on— Magic Eden Solana’s flagship NFT Marketplace (@MagicEden) March 29, 2022
As mentioned before, the OpenSea platform is built on top of the Ethereum network. The merger with Solana could represent an expansion of its operations by adding support for other smart contract platforms such as Avalanche, Terra, and Cardano.