The OpenSea Solana beta is already live. Meaning you are currently able to buy NFTs directly on OpenSea’s platform. This has been teased for a while, as users have been patiently waiting for Solana NFTs to be integrated on OpenSea.
The top three current Solana-only NFT marketplaces are Solsea, Magic Eden, and Solanart. These three marketplaces have been dominating the space since launching their retrospective launches.
Solana is a high-speed low-cost blockchain. Arguably the most successful Ethereum competitor. The difference between the two is that Solana is much more centralized, however the Solana network experiences substantially lower transaction costs.
OpenSea is Looking to Disrupt the Solana NFT Ecosystem
A difference between buying Solana NFTs on OpenSea versus other platforms is that your NFTs stay in your wallet when you list them. Whereas on traditional Solana marketplaces, once you list an NFT it leaves your digital wallet. You still own the NFT until sold, it just won’t show up in your Solana wallet.
Right now, the function is in beta. A full launch is on the way, but for now, they have released this beta template. OpenSea is looking to receive feedback on the UI and user experience.
To view your NFTs on OpenSea, you need to log in to your Solana wallet. A Solana wallet works just like MetaMask and other crypto wallets, however, it’s strictly for Solana NFTs. An example of the most popular Solana wallet would be Phantom.
With all that being said, this is OpenSea’s first integration of NFTs that aren’t on the Ethereum blockchain.
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This article is educational material.
As always, make your own research prior to making any kind of investment.
