OpenSea is all set to add NFT support through the Arbitrum One solution.
Today, the largest NFT marketplace, OpenSea OpenSea is thrilled to soon embrace the Arbitrum layer-2 Ethereum solution. Well-known NFT collections, including Diamond Pepes by dopex_io, GMX Blueberry Club, and Smolverse, will soon grace the marketplace.
The company clarified that once this integration is complete, creators will have to locate their collections on OpenSea and establish their respective creator fees directly.
OpenSea currently supports a diverse range of NFTs across Ethereum, Polygon, Klaytn, and Solana blockchains.
Arbitrum serves as a layer-2 scaling solution for Ethereum, designed to enhance the efficiency and scalability of smart contracts. It provides the benefits of secure, trustless transactions, Ethereum compatibility, improved scalability, and reduced costs. benefits Even though Arbitrum is relatively new in the NFT space, it has a trading volume of 9,732 ETH, which is a mere drop in the bucket compared to Ethereum's 25.7 million ETH and Solana's 27 million SOL. Presently, the majority of NFTs on Arbitrum can be found on smaller, lesser-known marketplaces like Agora and Stratos.
Since its inception, the NFT community on Arbitrum One has played a crucial role in our growth and community engagement. Operating on L2 has enabled NFT communities to collaborate and foster a more inclusive environment, thanks to the significantly lower transaction fees associated with Arbitrum One. all-time sales volume At 6 PM UTC today, September 21, OpenSea and Arbitrum will come together to provide users with more insights into their integration journey.
Just yesterday, Arbitrum unveiled a substantial bounty of 400 ETH (approximately $520,000) for identifying a vulnerability in the Ethereum to Arbitrum Nitro bridge. This flaw, which could have led to a staggering loss exceeding $250 million, was discovered prior to any assets being compromised.
Arbitrum wrote on Twitter .
Illuvium has successfully secured $72 million from virtual land sales. are hosting Twitter Spaces The community surrounding ApeCoin is currently deliberating on whether to maintain its operations on the Ethereum network.
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