NFT marketplace OpenSea has joined forces with Monday to allow direct credit card payments to purchasing non-fungible tokens (NFTs) and opens the way to investors who don’t have cryptocurrency.
All NFTs supported on OpenSea are natively supported, and all transactions are processed in-chain, which means that OpenSea users do not need to leave the platform to make payments. They aren’t bound by a custodial ledger or are forced to choose a particular token. The downside for people who pay with a credit card is that they could be more expensive due to additional charges.
It is most likely aimed to bring in more significant numbers of buyers from the mainstream market, Similar to the strategy NBA Top Shot adopted in the midst of a hot year ago. The move also comes at the peak of activity for OpenSea and has generated many cryptocurrency headlines in recent weeks.
MoonPay first introduced its plug-and-play service for selling and buying NFTs using credit cards in January. The announcement came at the same time that Mastercard announced it was working with Coinbase for the purpose of allowing customers to purchase NFTs through credit or debit cards.
OpenSea announced the date of the much-awaited Solana Integration
The OpenSea is expected to integrate Solana blockchain with its platforms. And today, Solana has disclosed a tentative time for this integration. NFT users are waiting for this collaboration with bated breath.
The video shared by the official Solana handle does not disclose a specific date; however, it reveals that the integration will go live in April 2022.
After this integration, Solana NFTs can be minted and traded on OpenSea Marketplace. It will be 4th blockchain that OpenSea supports for NFT trade.
So far, the Open sea supports Ethereum, Polygon, and Klaytn.
OpenSea’s volume has been continuously declining for the last couple of months. Many users consider it a decline in the NFT boom; however, its collaboration with Moon-Pay will enable users to directly buy and sell NFTs without knocking on the door of Metamask.
Gargi Sinha is working as Senior Journalist at Confea. She has completed her Masters in Journalism from Delhi University. She has interest in crypto and blockchain technology.