OpenSea Adds The Layer-2 Scaling Solution Arbitrum To Its Ecosystem

    The market-leading NFT exchange OpenSea announced to support layer-2 Arbitrum as of Sep 21.

    OpenSea said:

    “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.”

    Smolverse, GMX Blueberry Club and Diamond Pepes were among the first Arbitrum NFT collections to be listed on OpenSea.

    Thus, the Layer-2 scaling solution Arbitrum is the latest name available on OpenSea after Ethereum, Polygon, Klaytn and Solana. According to NFT Scan, NFTs on Arbitrum has a trading volume of about 9,722 ETH.

    The integration comes amid saturated NFT trading volume on OpenSea compared with its $4.8 billion boom earlier this year. LooksRare, Rarible, SuperRare and Magic Eden are also facing a similar bleak situation.

    In recent times, Arbitrum is quite an attractive name. Recently, the platform has deployed Nitro – the most important upgrade in 2022 after the launch of the Nova mainnet. Nitro is designed to increase throughput, reduce fees, and simplify transmission between Arbitrum and Ethereum. Yesterday, the hit layer-2 was experiencing a bridging hole. But the white hat hacker contacted the team, fixed the problem, and received 400 ETH as a bug bounty reward.

    At the same time, OpenSea has released a new platform update to improve and bring the best user experience.

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