OpenSea to Launch Support for Arbitrum
- The NFT marketplace revealed that creators will be able to set the fees for selling NFTs on Arbitrum starting Wednesday.
- OpenSea recently launched a new “immersive” drop experience, called SeaDrop, which provides NFT creators with customizable drop pages.
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Crypto collectobles and non-fungible tokens (NFTs) marketplace OpenSea now supports Arbitrum, allowing creators to list NFTs minted on the layer 2 scaling network, the company said via Twitter on 20 September.
According to the announcement, OpenSea will enable Arbitrum support on Wednesday, and allow creators to set fees for selling NFTs on the layer 2 network. The NFT marketplace has also made plans to support several collections that are already minted on Arbitrum, including Smolverse, GMX Blueberry Club, Diamond Pepes, and more.
Founded in 2017, OpenSea has become one of the largest NFT marketplaces in the world by volume, with over 1 million active users having linked their wallets to the platform. Last year the NFT marketplace also integrated with layer 2 protocol Immutable X, and is now the home of NFTs minted on Ethereum, Polygon, Klaytn, Solana, and Arbitrum.
Earlier this week, OpenSea also launched a new “immersive” drop experience that allows creators to launch their collections through dedicated and customizable drop pages. The new service, called SeaDrop, is an open source smart contract designed to remove the technicalities involved in creating a custom smart contract for NFT drops. The now improved drop pages will include information about the NFT, its minting schedule, a countdown clock, and an NFT gallery. The company said in a blog post:
“With our new drops experience, we are providing creators with the technical foundation to mint their projects without compromising creativity. Also, collectors can come to one trusted destination for both minting and future sales and purchases.”
- Coinbase’s Base blockchain was made available to the public on Wednesday, featuring over 100 dApps and services as part of its ecosystem.
- In order to show its capabilities and promote its mainnet partners, Base has also launched an event called “Onchain Summer” that will allow users to mint exclusive NFTs on the network.
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- Coinbase’s protocol security team and over 100 external security researchers were involved with testing the upcoming layer 2 Base blockchain over the past six months.
- The project said it has now completed four out of five criteria for Base’s mainnet launch, with the remaining one being to demonstrate “testnet stability”.
- Users of Binance NFT can now use select blue-chip NFT collections as collateral to take out cryptocurrency loans.
- The platform will initially support only loans in ETH, and NFT collections Bored Ape Yacht Club, Mutant Ape Yacht Club, Azuki, and Doodles.