NFT Marketplace Rible seeks support for Solana

10629

Alex Dovbnya

Rarible is reportedly preparing to support Solana. to add

According to a screenshot shared by Jane Manchun Wong, a technology blogger and app researcher, the non-fungible token marketplace Rarible is on track to add support for the Solana network.

It has set up the backend to work on the integration.

Image by @wongmjane

Launched in early 2020, Rarible is an alternative to NFT juggernaut OpenSea, whose valuation soared to $13.3 billion earlier this year.

Earlier this month, Rarible added support for Polygon, a layer-2 scaling solution for the Ethereum blockchain. It also supports Ethereum, Tezos, and Flow.

Rare, despite gaining more visibility thanks to the NFT boom, OpenSea can’t hold onto its massive volumes. The platform saw just $43,950 in trading volume in the past 24 hours, a drop in the bucket compared to the market leader’s $67.44 million.

Image by dappradar.com

OpenSea currently supports three chains: Ethereum, Klatyn and Polygon.

In January, Wong tweeted that the NFT kingpin was also working on Solana integration. However, these rumors have yet to be officially confirmed by OpenSea.

Meanwhile, trading volume in the broader NFT market is declining. According to data from Dune Analytics, average daily NFT sales fell from 27,000 in February to just 7,000. The average daily number of users also fell sharply to below 2,000.

Earlier this week, NeoNexus, a Solana-based non-fungible token project, unexpectedly shut down due to a lack of interest in NFT projects launching on top of one of the most popular Ethereum alternatives. The team claims it struggled to maintain the project after the money ran out.

Leave a Reply

Your email address will not be published. Required fields are marked *