OpenSea is now listing NFTs created on the BNB chain in a bid to attract more buyers

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OpenSea is expanding its support for NFTs built on different blockchains, amid an increase in new upcoming marketplaces for selling digital collectibles. In a new development, OpenSea has announced that NFTs built on the BNB chain will now be listed and sold on its platform, which is touted as the largest NFT marketplace with over 1 million registered users as of last week. In total, OpenSea now supports NFTs created on five block chains – Ethereum, Polygon, Klaytn, Solana, and BNB Chain.

open c It tries to attract more buyers on its platform to keep its business protected from market fluctuations and competition that intensifies this sector.

“This update will make it even easier to reach more users and creators of the series they love,” A CryptoPotato Report Jeremy Vine, Head of Business and Corporate Development at OpenSea is quoted as saying.

In February 2022, it was released Binance Chain And Binance Smart Chain merged to form a single BNB Chain, eliminating programming restrictions and increasing efficiency.

in Official blog post Published in October, Binance named BNB Chain the largest smart contract blockchain in the world in terms of transaction volume and daily active users.

By October, BNB Chain had already processed three billion transactions with a support ecosystem providing over 1,300 transactions. DApps.

“integration [with OpenSea] You will bring a large number of creators into the wider system, as well as empower creators and NFT “The initiatives are within the BNB Chain ecosystem,” said Gwendolyn Regina, Chief Investment Officer of BNB Chain.

According to the crypto analytics community Dune dataOpenSea’s trading volume peaked at around $5.8 billion (roughly Rs. 46,400 crore) in January.

Moreover, having mobilized more than $260 million (roughly Rs. 2,070 crores) collectively famous brands who have explored selling NFT products with their products recently, more companies are entering this sector on a daily basis.

March this year saw the maximum number of NFT related apps from 1,078 in the United States.

OpenSea has added support for NFTs created on Solana Blockchain Earlier this year it is expected to announce support for more blockchains in the coming days.

Meanwhile, entry into new NFT markets has been happening more regularly than ever in recent months.

in november the same, ApeCoin DAO announced the launch of its own NFT marketplace.

In January, it was newly launched Looks rare The market recorded a turnover of $394 million (roughly Rs. 2,912 crores) within just three days of launch.

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