OpenSea adds support for NFT collections on the BNB chain
Quick take:
- BNB Chain will be launched on OpenSea’s Seaport protocol.
- BNB Chain creators can benefit from multiple creator payouts, real-time payouts and collection management.
- Top BNB Chain NFTs like Goodfellas and PixelSweeper will now be available on OpenSea.
The leading NFT marketplace OpenSea has announced that it will support NFTs on the BNB chain.
BNB Chain creators and users can now buy and list their NFTs on Opensea. The integration will take place on OpenSea’s Seaport protocol, and BNB Chain creators can benefit from multiple creator payouts, real-time payouts, and collection management.
According to Cryptoslam, BNB Chain is the fifth largest blockchain measured in NFT sales volume in the last 24 hours. However, compared to Ethereum’s $10 million and Solana’s $3.49 million in NFT sales over the past 24 hours, BNB is lagging behind at just $106,417 as of this writing.
With the integration of BNB Chain, top BNB Chain NFTs such as Goodfellas and PixelSweeper will now be available on OpenSea. The BNB Chain support also shows OpenSea efforts in its multi-chain expansion, as the marketplace recently added support for Avalanche and Arbitrum.
The marketplace announced on Twitter that every BNB Chain NFT collection with a transaction that took place after January 1, 2022 will be available on OpenSea. The integration appears to be a mutual affair as Binance NFT recently added the majority of OpenSea’s top 200 NFT collections using the ERC-721 standard to its recently revamped marketplace.
OpenSea’s integration of the BNB chain will improve the NFT trading experience for over 1 million existing users and onboard new users.
“Our goal is to provide the best-in-class experience to NFT creators and users, and this is a significant step in that direction as BNB Chain NFTs will now be available for listing and sale on OpenSea, the world’s largest NFT marketplace by volume.The integration will bring a large number of creators into the wider system, as well as strengthen the creators and NFT initiatives in the BNB Chain ecosystem, said Gwendolyn Regina, Chief Investment Officer of BNB Chain.
The integration of OpenSea and BNB Chain will also allow creators to avoid high gas fees, making signature verification actions easier to see, and eliminating the need for new users to pay an account initiation or setup fee.
“We are excited to begin leveraging Seaport across multiple blockchains, including the BNB Chain, to improve the OpenSea experience for everyone. This update will make it easier to reach even more users and creators on the chains they prefer,” said Jeremy Fine, Head of Business and Enterprise Development at OpenSea.
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