OpenSea, the largest non-fungible token (NFT) marketplace by volume, has planned to support Arbitrum, allowing creators to list NFTs minted on the Ethereum roll-up.
It has been reported that creators will be able to set fees associated with selling NFTs on the network. OpenSea said it’s planning to support several collections already minting on Arbitrum, including Smolverse, GMX Blueberry Club, and Diamond Pepes.
However, OpenSea currently offers NFTs minted on Ethereum, Polygon, Klaytn, and Solana. According to data from NFT Scan, NFTs on Arbitrum have a lifetime volume of 9,722 ETH, which pales in comparison to the lifetime NFT volume of around 23.5 million ETH on Ethereum. With the network’s Merge completed last Thursday, Ethereum's improvement may reduce the need for roll-ups such as Arbitrum to increase speed and reduce costs.
The report said that OpenSea said it is optimistic about its ability to offer another platform on which creators can mint and sell digital assets.
Thus, OpenSea stated:
“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.”
Source: Coindesk
Comments