To enable producers to host a new mint from start to finish on the NFT marketplace, OpenSea announced the creation of the Solana launchpad. The official blog article states that in addition to helping creators with all post-mint and secondary sales, OpenSea will advise them on handling all pre-mint activities and allow list minting for their community and fans.
The objective of enabling users to have custody of their NFTs is to create “the best Solana experience” inside the NFT ecosystem.
“We’re excited to start this program with two Solana creators as part of our launchpad experience. We are excited to launch and learn with these first drops, and we’re committed to expanding primary drops on OpenSea.” Three months after OpenSea turned on support for Solana, the development happened.
One of the biggest winners from the bull run that occurred in 2020 and 2021 has been the NFT giant. It recently raised hundreds of millions of dollars from investors at a valuation of $13.3 billion.
The announcement stated:
“With the start of our launchpad, our goal remains to build the best Solana experience in the NFT ecosystem. On OpenSea, you’ll find:
- Your Solana collections will automatically appear on OpenSea: Any creator can launch a Solana collection and appear on OpenSea automatically.
- You’ll always have custody of your NFTs: Some Solana marketplaces require you to give up custody of your NFT to list it for sale.”
However, a good amount of drama has been attracted by the growth. One of the company’s former product managers was charged with insider trading by the US Justice Department and detained earlier last month.
Several leading sector businesses reduced their staff after the significant decline in the cryptocurrency market to prepare for the coming crypto winter, Opensea being one of them.
