Solana is a well-known marketplace for selling, creating, and minting NFTs. It is the biggest marketplace in the NFT realm. Recently it was in the news that there will be Solana NFT on OpenSea as well. What is the news? Let’s have a detailed discussion.
Solana is an open-source project implementing a new, high-performance, permissionless blockchain. The Solana Foundation is based in Geneva, Switzerland, and maintains an open-source project. Solana launched on Mainnet Beta in Mar. 2020, shortly after raising $1.76 million in a public token auction hosted on CoinList. The project’s beta network featured basic transaction capabilities and smart contract support.
Let’s discuss Solana NFT on OpenSea. How this will help Solana and buyers. How can you access Solana NFTs on OpenSea? And at last, we will discuss how to purchase Solana NFT on OpenSea. Without further delay, let’s start
Solana NFT On OpenSea
OpenSea has confirmed the news that Solana NFTs are coming to OpenSea. This contract makes Solana the fourth blockchain network whose NFT will be traded on OpenSea. Before Solana, Ethereum, Polygon, and Klaytn have signed the same agreements with OpenSea.
OpenSea’s expansion could present a challenge to Magic Eden, the leading marketplace for Solana NFTs.
Magic Eden currently dominates Solana NFT sales with over 90% market share in the past week, according to a Dune Analytics dashboard.
Magic Eden’s 2% transaction fee is 50 basis points below OpenSea’s, giving buyers and sellers a slight edge there. Whether that will be enough to stave off the market leader remains to be seen.
What Are Solana NFTs?
Solana is a marketplace where you can Mint, sell and trade NFTs at scale. It has high throughput and low fees making it a perfect fit for NFTs of all shapes and sizes.
Solana NFT Standard focuses on the artwork, not writing a new smart contract. The Solana NFT standard and minting program offers extreme customizability, with ecosystem-wide support.
Metaplex empowers creators and brands to build a direct relationship with their audiences. Start your own NFT storefront in minutes with Metaplex. Mint, sell, and host auctions all in one customizable frontend.
How To Access Solana NFT On OpenSea?
Here is how to access Solana NFT on OpenSea.
- Simply go to the OpenSea marketplace.
- Search for Solana NFT.
- Go to Solana NFT Chain.
- Currently, there are 35 NFTs for sale.
The floor price is 0.002 ETH on Polygon
Volume Traded 0.06
Lowest price NFT – FROG NFT ON SOLANA CHAIN
Price – 0.0018 ($6.02)
Highest Price NFT – SOL APE NFT AirDrop
Price – 1 ($3,391.11)
How To Purchase Solana NFT On OpenSea?
You have got three options to purchase Solana NFT on OpenSea.
How To Purchase Solana NFT On OpenSea Using Digital Wallets?
Step 1: Go to OpenSea.
Step 2: Open An Online Account.
Step 3: Open a Crypto Wallet Account.
Step 4: Deposit Funds.
Step 5: Log In To Your OpenSea Account.
Step 6: Complete Your Purchase.
How To Purchase Solana NFT On OpenSea Using Cards?
You can also purchase it from OpenSea using credit cards.
How To Purchase Solana NFT On OpenSea Making An Offer?
You can purchase Solana NFT by bidding on it. Once your bid is accepted you make the transaction and own the NFT.
OpenSea is the biggest NFT marketplace. Selling NFTs on OpenSea is no doubt an achievement. Solana will sell its NFTs on OpenSea which will increase its sales by many folds. You have got different ways of making the purchase as well.
Keep exploring our website to know more about NFTs.
Frequently Asked Questions
Q. What Are Solana NFTs?
Solana is a public, open-source blockchain that supports smart contracts, including non-fungible tokens (NFTs) and a variety of decentralized applications (dApps). Native to Solana’s blockchain is the SOL token which provides network security through staking as well as a means of transferring value.
Q. When Was Solana Blockchain Created?
The project supports several decentralized financial platforms (DeFi), as well as non-fungible token (NFT) markets. The Solana blockchain was implemented during the coin offering boom of 2017. Its design seeks to solve the blockchain trilemma, a concept proposed by Ethereum creator Vitalik Buterin.
Q. Is Solana Better Than Ethereum?
The case for Solana rests on speed and fees. Today, SOL is much faster and cheaper than ETH is, boasting: 65,000 transactions per second (TPS) Fees that average just $0.00025 per transaction.