OpenSea Incorporates the BNB Chain

OpenSea Incorporates the BNB Chain

Opensea incorporates the BNB Chain to improve the NFT experience for users.
December 2, 2022

The integration of BNB Chain NFT into the OpenSea Non-Fungible Token (NFT) Marketplace is set to begin before the end of the year.

The new link connects the world's largest blockchain in terms of active users and wallets with the world's largest NFT market in terms of volume. According to a press release shared with BSC News, BNB Chain NFT will launch on OpenSea Port Protocol in Q4 of 2022.

"Our goal is to provide a best-in-class experience for NFT creators and users, and this is an important step toward that goal because BNB Chain NFTs will now be listed and available for sale on OpenSea, the World's Largest NFT by volume." "The integration will bring a large number of creators to the broader system and empower creators and NFT startups in the BNB chain ecosystem," said Gwendolyn Regina, chief investment officer at BNB Chain.

The integration is certain to bring more users from the BNB Chain NFT community to OpenSea, and it appears that many projects will compete for the award-winning site's inclusion in the mass market. BNB Chain's blockchain technology will also provide OpenSea users with access to the popular blockchain's fast and affordable trading capabilities.

Credits Arzido
"We are excited to start leveraging Seaport across multiple blockchains, including the BNB Chain, to improve the OpenSea experience for everyone," said Jeremy Fine, OpenSea's director of business and corporate development. "With this update, it will be easier to reach out to more users and creators on their preferred networks."

The new integration should benefit both creators and users. The long-awaited merger of two previously distant parties should come as a relief to NFT users across all networks.

What exactly is a Binance's BNB Chain?

BNB Chain, formerly Binance Smart Chain, is a BNB-powered censorship-proof, decentralized, community-driven blockchain. It is made up of the BNB Beacon Chain and the BNB Smart Chain (BSC), both of which support EVM and facilitate a multi-chain ecosystem. In terms of transaction volume and daily active users, it is the world's largest smart contract blockchain. It has processed 3 billion transactions from 163 million unique addresses to date, providing developers with massive user access from the start with ultra-low gas fees and zero downtime. The ecosystem currently has over 1,300 active dApps in various categories such as DeFi, Metaverse, Blockchain Gaming, NFTs, and others.

OpenSea NFT Marketplace | Credits Tbstat

What exactly is the OpenSea NFT Marketplace?

OpenSea is the world's leading peer-to-peer marketplace for non-financial transactions (NFTs). We are on a mission to assist the world's creators, collectors, and supporters in taking direct ownership of and shaping their relationships. We create the world's most trusted and inclusive NFT marketplace with the best selection, make NFT printing and trading simple, and provide unrivaled selection and multi-chain options for all types of creators and collectors. OpenSea's leadership team hails from Google, Palantir, Lyft, Uber, Stanford, and Berkeley and is based in New York. a16z, Paradigm, Coatue, YCombinator, Founders Fund, Coinbase Ventures, 1Confirmation, and Blockchain Capital are among the investors.

Disclaimer. NFT Mint Radar does not endorse any content or product on this page. While we aim at providing you with all important information that we could obtain, readers should do their own research before taking any actions related to the company and carry full responsibility for their decisions, nor can this article be considered as investment advice.

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