Exchange.art, the popular Solana-based digital art marketplace, is taking its platform multi-chain and integrating support for Ethereum. On August 1, more than 80 Ethereum-based artists will be onboarded, including Sotheby’s Glitch Art sale artist Patrick Amadon and creator Amber Vittoria. According to data from analytics platform CryptoSlam!, Ethereum’s non-fungible token (NFT) trading volume takes first place at $10.2 million in the past 24 hours, while Solana trails behind in second place with just over $920,000.
Larisa Barbu, COO of Exchange.art, said that the platform always had the plan to expand beyond Solana, and aims to onboard new creators and collectors in doing so. “The vision of Exchange.art is to be a hub for digital art and then slowly, build out solutions for traditional art as well,” said Barbu. “Being multi-chain is just kind of the next step in this direction.” She added that many artists struggle to sell their work across different ecosystems and marketplaces, and doing so on Exchange.art helps them leverage the two largest NFT ecosystems in one place.
Since its release in 2021, Exchange.art has onboarded 16,000 Solana-based artists, helping them earn a collective $13 million in sales. To help creators earn a consistent percentage across marketplaces, Exchange.art introduced a royalties protection standard. In March, Exchange.art released Code Canvas, a derivative platform to help Solana-based creators mint generative art NFT collections. Exchange.art isn’t the first Solana-based NFT marketplace to introduce Ethereum, as Magic Eden integrated Ethereum to make its ecosystem multi-chain in August.