Please try another search
Starting today, leading NFT marketplace OpenSea will support one of Ethereum’s most active Layer-2 scaling solutions: Arbitrum.
Arbitrum joins four other networks currently supported on the marketplace—Ethereum, Solana, Polygon, and Klaytn.
Onboarding the Most Popular NFT Collections
OpenSea expressed confidence in its choice to provide another platform for creators to mint and sell digital assets.
"This is a first step in building our goal of a Web3 future where people have access to the NFTs they want on the chains they prefer," the company tweeted.
1/ We’re excited to share that OpenSea will soon support @arbitrum! This is a first step in building our goal of a web3 future where people have access to the NFTs they want on the chains they prefer.Popular NFT collections ‘Smolverse’, GMX ‘Blueberry Club’, and ‘Diamond Pepes’ will be among the first to be published on the marketplace, according to OpenSea’s official release.— OpenSea (@opensea) September 20, 2022
The marketplace continued, stating in a further tweet that, after integrating Arbitrum, NFT creators will be able to set fees associated with selling NFTs on the network.
According to data from Defi Llama, the most popular NFT collections on the Arbitrum network have already attracted millions of dollars in investments. To date, most of the NFTs on Arbitrum had been platformed on smaller marketplaces, such as Stratos and Agora.
The integration comes as monthly trade activity on OpenSea fell to $242 million—a far cry from the all-time high of $4.8 billion set in January 2022. Other marketplaces, like LooksRare, Rarible, SuperRare, and Magic Eden, have all recorded similar drops in activity.
On the Flipside
Why You Should Care
Since launch, Arbitrum has become Ethereum’s most dominant Layer-2 network, holding around $2.5 billion in total value locked. The partnership with one of the biggest NFT marketplaces available in the shape of OpenSea will likely serve to open up new markets to the project.
Check out OpenSea’s latest developments:
OpenSea Collaborates To Create NFT Rarity Protocol – Launch Set For Next Week
Read more about the drop in sales volume on OpenSea:
NFT Trading Volume Drops to Yearly Lows on OpenSea
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
I feel that this comment is:
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.