OpenSea Announces Timing For Solana Integration – SOL Jumps 12%
OpenSea has announced that in April this year, it will add support for NFTs minted on the Solana blockchain. After the announcement NFT trading volume on Solana has increased by 80%.
The largest NFT marketplace, OpenSea, announced on Twitter that it will start listing NFTs minted on the Solana blockchain.
OpenSea posted a video, called “The best-kept secret in web3,” displaying enthusiastic users who believe Solana’s integration will be “huge.” Others think that the endeavor is a “smart” move, by which the marketplace will catch the blockchain protocol’s “craze.”
The video, however, didn’t mention the exact timing for the integration. OpenSea later announced that it is planned to happen next month. The move will make Solana the third layer 1 and fourth blockchain network whose NFTs can trade on OpenSea (the previous three being Ethereum, Polygon, and Klaytn).
The news had been awaited for months, since first leaks appeared in January that showed Solana-related development work on the Ethereum-centric marketplace.
Impact on Solana (SOL) Price
While the rest of the crypto market had a somewhat quiet day, Solana (SOL) rose by nearly 12% today, according to data from CoinMarketCap, pushing its price to over $124. That’s a 36% increase from just one week ago, and the highest that Solana has been since January 21.
At the time of writing, SOL is trading at $122, up 28% on the weekly chart.
