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    Google Cloud becomes a validator of Tezos (XTZ)

    Google Cloud becomes a validator of Tezos (XTZ)

    SOL down 96.5% since its ATH: Will the Solana blockchain survive FTX?

    SOL down 96.5% since its ATH: Will the Solana blockchain survive FTX?

    The Human Rights Foundation funds the Bitcoin ecosystem (BTC) with $325,000

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    Waltio outlines strategy to reduce its taxation on cryptocurrencies

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    BlockFi files for bankruptcy after FTX collapse

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The OpenSea marketplace lands on Avalanche (AVAX)

October 14, 2022
in Avalanche, News, NFT
The OpenSea marketplace lands on Avalanche (AVAX)

The popular NFT platform OpenSea now supports the Avalanche ecosystem on its marketplace. In addition to this announcement, there are other hints that the number of available blockchains could expand further.

Avalanche’s NFTs arrive on OpenSea

Late Tuesday, OpeaSea made its arrival on Avalanche (AVAX) official. The famous marketplace thus becomes the main platform for non-fungible tokens (NFT) of the network.

Thus, the main collections are now listed on OpenSea, although the activity of NFTs on Avalanche is still far from competing with Ethereum (ETH) and its successful collections, such as CryptoPunks or Bored Apes Yatch Club (BAYC).

In fact, over the past seven days, the five collections with the most activity total the equivalent of nearly $74,000 in volume. In comparison, the Bored Apes have realized nearly $700,000 in volume over the past 24 hours alone.

Nevertheless, it is quite likely that now that OpenSea is taking over Avalanche, the network’s activity will grow naturally.

A platform with a multi-channel strategy

In order to have a maximum of cards in hand for the future, OpenSea regularly announces new blockchain additions to its platform. This was recently the case for layer 2 Optimism. In addition to the latter, the NFT marketplace is present on the following networks:

  • Ethereum (ETH)
  • Solana (SOL);
  • Arbitrum;
  • Avalanche (AVAX);
  • Polygon (MATIC);
  • Klaytn (KLAY).

In addition, OpenSea revealed that new blockchains would arrive on the platform. In addition to the latest announcement, we could also speculate on potential support for the NBB Smart Chain soon.

And for good reason, although nothing is official yet, OpenSea’s multi-sig address, which has deployed the Seaport protocol on the various existing networks, has also been active on the NBB Smart Chain for two months now.

Looking at the type of functions used in the transactions, it is very similar to what was done on Avalanche before the announcement. Moreover, the dates show that these transactions were done almost simultaneously for both networks. So it would almost make sense to see an announcement coming soon.

Beyond the new blockchains, OpenSea is also diversifying in terms of languages. In fact, in addition to English, here’s what to expect in the coming weeks and months:

  • Traditional and simplified Chinese;
  • Japanese ;
  • Korean;
  • French;
  • German;
  • Spanish.

With all these new features, already unveiled or to come, OpenSea shows a great deal of work to develop the NFT ecosystem and make it more accessible to all, while consolidating its position as market leader.

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