Blockchain Solana teams up with Opensea to try to dominate the crypto market

This union can lead companies to increase their value in the market.

Opensea’s platform revealed the news on March 29 with a short video posted on its official Twitter account, referencing the spate of tweets about plans to add Solana.

On April 6, the official union was published on the official Opensea Twitter account, “starting today, with our initial beta version”. With this, the long-awaited integration of the Solana blockchain within its platform was finally unveiled.

Until now, Solana’s NFTs were mainly found in Magic Eden, with 90% of its NFT sales being made in that market. Now, we may see a lot of OpenSea consumers integrate Solana. This union could be beneficial for both ecosystems, as well as further expanding the NFT space.

All the NFT exchange platforms that work with the Solana blockchain enjoy a series of advantages for users, since it has a market capitalization close to 40 million dollars, which places it as the sixth most important blockchain in the world. crypto market.

It is also recognized in the world of cryptocurrencies, thanks to its speed of execution and low commissions. It can perform up to 50,000 transactions per second, and as the network grows, transaction speeds could approach 700,000.

Advantages of this unión

OpenSea is one of the leading NFT marketplaces in the world. In fact, according to reports, the company has a market capitalization of about 13 billion dollars.

By joining, this opens many doors for the company, which would make it the most important buying and selling company for NFTs in the world.

Furthermore, the Solana network has been growing by leaps and bounds, especially in the world of crypto gaming and NFTs. That is why this strategic alliance is extremely important for both.

The Solana network is cheaper, since the commissions are much lower than those of Ethereum, which makes the protocol more environmentally friendly. Therefore, it is to be assumed that the integration of Solana’s NFTs into the OpenSea platform will have a significant impact on it.