OpenSea Joins Arbitrum to Acquire New NFT Collections

The leading non-fungible token (NFT) platform by volume, OpenSea, said on Tuesday that it intends to support Arbitrum, enabling developers to list NFTs produced on the Ethereum roll-up. 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. — OpenSea (@opensea) September 20, 2022 Beginning on Wednesday, creators will have the choice of determining the costs involved with selling NFTs on the network, the market stated in a tweet. Several collections presently minting on Arbitrum, including Smolverse, GMX Blueberry Club, and Diamond Pepes, will be supported, according to OpenSea. Arbitrum – A Layer 2 Solution A Layer 2 solution called Arbitrum expands Ethereum’s smart contracts functionality. It adds more privacy features while also accelerating transaction speed and scalability overall. On September 21 at 6 p.m. UTC, Arbtrum will conduct a Twitter Spaces to go deeply about the relationship and the potential presented for producers and collectors on both ends of the supply chain. OpenSea Provides NFT to Different Platforms OpenSea currently provides NFTs on Ethereum, Polygon, Klaytn, and Solana. NFTs on Arbitrum have a total volume of 9,722 ETH, according to statistics from NFT Scan, which is insignificant when compared to Ethereum’s 23.5 million ETH total NFT volume. The network’...