OpenSea added support for Binance Smart Chain

The management of the OpenSea portal announced the addition of a new blockchain to the platform for the sale and purchase of non-fungible tokens. Now, this platform has the ability to exchange NFT tokens circulating on the Binance Smart Chain blockchain, thereby expanding the capabilities of its Web3 Seaport protocol.

The innovation will allow all OpenSea users to pay in real time and significantly reduce the commission, which is due to the blockchain capabilities of Binance. With the Web3 Seaport enhancement, customers will be able to experience an improved user experience by making it easier to manage their collections.

The matter concerns not only the ordinary inhabitants of SeaPort, who carry out acts of sale, but also the creators of non-fungible tokens. The latter will also get better conditions to work on this site thanks to the innovations in the form of the appearance of support for Binance Smart Chain.

Eight blockchains are now available on OpenSea where users can exchange non-fungible tokens. Notably, all NFT collections of the Binance Smart Chain blockchain that were released after January 1, 2022 will appear on this platform.

According to BNB Chief Investment Officer Gwendolyn Regina, the integration of Binance Smart Chain into the OpenSea ecosystem will attract a large number of authors. In doing so, she notes the empowerment of NFT collection creators and further NFT initiatives in the BNB economic system. Such cooperation should be beneficial for both parties to the partnership agreement.

Along with this event, OpenSea became the first non-fungible token marketplace to make NFT collections on Binance Smart Chain available outside of the Binance NFT marketplace itself.

Previously, users could only view NFT on BNB Chain on the Binance NFT marketplace, in addition to several lesser-known platforms, which created a compatibility issue for users.

The BNB blockchain has many advantages, including fast cash transactions and low fees, especially when compared to Ethereum. Thus, minting an NFT token will not be difficult due to its low cost. At the same time, Binance Smart Chain abstracts away network scalability issues, which cannot be said about Ethereum, a blockchain that cannot be compared to.

In addition to Binance Smart Chain and Ethereum, blockchains such as Arbitrum, Optimism, Solana, Polygon, Avalanche, and Optimism are available on OpenSea. Earlier, we talked about how OpenSea was able to become the leader in terms of revenue generated over the past month. Users of the popular platform of non-fungible tokens were able to make a total income of $7,200,000+. You can read more about this in our material by clicking on this link .