Exchange.art to Expand Beyond Solana and Integrate Ethereum Support
Exchange.art, the popular Solana-based digital art marketplace, is planning to expand its platform to support Ethereum. The integration will go live on August 1 and will include over 80 Ethereum-based artists. This move comes as Ethereum’s NFT trading volume surpasses Solana’s, making it the top choice for artists and collectors.
Key Points:
– Exchange.art has always had plans to expand beyond Solana and aims to onboard new creators and collectors.
– Many artists struggle to sell their work across different ecosystems and marketplaces, and Exchange.art aims to provide a solution by integrating Ethereum support.
– Exchange.art has onboarded 16,000 Solana-based artists since its launch in 2021, helping them earn $13 million in sales.
– The platform introduced a royalties protection standard to ensure artists earn a consistent percentage across marketplaces.
– Exchange.art is not the first Solana-based NFT marketplace to integrate Ethereum, with Magic Eden doing so earlier this year.
Hot Take:
The integration of Ethereum support by Exchange.art is a strategic move to cater to the needs of artists and collectors who prefer to have a single platform and community. By expanding beyond Solana, Exchange.art aims to become a hub for digital art and eventually include traditional art as well. This move will benefit artists by providing them access to the two largest NFT ecosystems in one place, simplifying their selling process and boosting their sales potential.
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