OpenSea announces support for layer-2 Arbitrum
OpenSea – the market leading NFT exchange has begun to support layer-2 Arbitrum, according to the latest announcement posted by both parties.
“This is the first step in building our Web3 future, where everyone has access to the NFTs they want on the chains they like.”
Smolverse, GMX Blueberry Club and Diamond Pepes were among the first NFT Arbitrum 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, NFT on Arbitrum is having a trading volume of about 9,722 ETH.
The above integration comes amid saturated NFT 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 a name that is quite sought after. The platform has recently successfully deployed Nitro – the most important upgrade of the network in 2022 after the launch of the Nova mainnet. Nitro is designed to increase throughput, reduce fees, and simplify communication between Arbitrum and Ethereum. Until yesterday, the hit layer-2 was experiencing a bridging vulnerability. 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 in an effort to improve and bring the best user experience.
Fox Crypto News summary
Sep 21, 2022