Solana is one of the most popular altcoins and has grabbed the attention of a large audience, especially after the institutional investment in Solana-based products reportedly increased.
The NFTs (non-fungible tokens) are quite the buzz all around the world at the moment. They have not only opened doors of opportunity for the people but are also anticipated to add to the value of crypto assets in one way or another.
An NFT is a non-interchangeable unit of data that is stored on a blockchain. It is like a digital ledger that can be traded or sold. Some of the types of NFTs can be videos, audio and even photos.
As per reports, a popular NFT marketplace has now announced plans for NFT integration on the Solana blockchain. Let’s find out more details.
Meanwhile, if you are interested in buying the altcoin, make sure you take a look at the Solana price prediction and know the best time to invest.
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OpenSea’s Plans for NFT Integration
OpenSea is a leading NFT (non-fungible token) marketplace. According to reports, it has released a teaser for the integration of NFTs on the Solana blockchain, which has been rumored to happen for a long time.
As per reports, OpenSea plans to carry out the integration in April.
Earlier today, OpenSea also posted a video on Twitter that shows the requests from the community to launch Solana NFTs.
It also has an interesting caption, as seen below.
Most of the NFTs are on Ethereum, which is known to be a technologically advanced network that keeps evolving. However, Solana is also home to some prominent collections such as:
- Degenerate Ape Academy
- Solana Monkey Business
OpenSea is the largest marketplace in the world and currently has approximately $24 billion worth of total sales volume. It only offers support to NFTs on Polygon, Ethereum and Klaytn blockchains at the moment but adding Solana NFTs was anticipated to happen since the beginning of this year.
However, the addition of Solana to OpenSea may not be so beneficial for Magic Eden and can cause major disruption for it. It is a popular marketplace that hosted more than 90% of all SOL NFT sales over the last week.
If you are also interested in stepping into the crypto space and want to buy crypto then make sure you choose one of the largest crypto exchanges and opt for the one that suits your needs the most.
Information New Crypto Investors Should Have
The crypto space is a vast and volatile place. There is a large number of crypto exchanges and an even larger number of digital currencies. Choosing a suitable exchange and knowing which crypto to buy can be stressful, difficult and even risky for people who are new to the crypto space.
This is why it is not only helpful but crucial that novice crypto investors take their time to know some helpful tips and follow them to make sure they have a good experience of buying or trading crypto.
If you are new to the crypto space and you want to buy a crypto asset make sure you:
- Look for the best crypto exchange to buy Solana or any other digital asset
- Take a look at the price movement of the crypto and then invest
- Initially invest as much as you can afford to lose
People who are looking to purchase digital assets such as Bitcoin or Ethereum can click on SwissBorg or Kraken (U.S. citizens).
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