Tech

OpenSea now lists NFTs created on BNB Chain to attract more buyers


OpenSea is expanding support for NFTs built on different blockchains, as newer markets for sale of digital collectibles are on the rise. In a new development, OpenSea announced that NFTs built on the BNB chain will now be listed and sold on its platform, billed as the largest NFT marketplace with over a million registered users. signed up to last week. In total, OpenSea currently supports NFTs created on five blockchains — Ethereum, Polygon, Klaytn, Solana, and BNB Chain.

Open Sea is trying to attract more buyers on its platform to keep its business protected from the market volatility and competition heating up the sector.

“This update will make it even easier to reach more users and creators on the chains they love,” said one. CryptoPotato . Report quoted Mr. Jeremy Fine, Head of Sales and Business Development at OpenSea.

In February 2022, Binance Chain and Binance Smart Chain are merged to form one BNB Chain, eliminating programmability limitations and increasing efficiency.

In one official blog post Announced in October, Binance called BNB Chain the world’s largest smart contract blockchain in terms of daily active users and trading volume.

By October, BNB Chain had processed three billion transactions while providing an ecosystem of support for over 1,300 DApps.

“Integration [with OpenSea] will bring a large number of creators into the wider system, as well as empower creators and NFT Gwendolyn Regina, Chief Investment Officer of BNB Chain said.

According to crypto analyst community dune dataOpenSea’s trading volume peaked at around $5.8 billion (approximately Rs 46,400 crore) in January.

Furthermore, after more than $260 million (approximately Rs 2,070 crore) was packaged together by famous brand have recently explored selling NFT alongside their products, more and more companies are entering the field.

March of this year, witness the maximum number Applications related to NFT of 1,078 in the US.

OpenSea added support for NFTs created on Solana blockchain earlier this year and is expected to announce support for more blockchains in the coming days.

Meanwhile, the entry of new NFT markets has become more frequent in recent months.

In November itself, ApeCoin DAO announced the launch of its own NFT marketplace.

In January, just released looks rare The market recorded sales of $394 million (approximately Rs 2,912 crore) within just three days of its launch.


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