OpenSea, one of largest marketplaces for non-fungible tokens, decided to drop support of mainstream EVM-compatible blockchain
OpenSea, the first mainstream marketplace for non-fungible tokens, is losing its share of the market. A series of strategic decisions in August 2023 might improve its positions. So far, the marketplace shortened the list of supported blockchains and radically adjusted its royalties policy.Starting from Aug.
Last year we added several chains, including BNB Smart Chain , after seeing excitement from the wider NFT ecosystem. But as our space evolves, we need to align resources with the most promising efforts. We've decided the cost to continue supporting BSC outweighs the impact.At the same time, OpenSea is not leaving BNB Smart Chain completely. Users will still be able to view, discover and transfer BSC NFTs on OpenSea.
Last year we added several chains, including BNB Smart Chain , after seeing excitement from the wider NFT ecosystem. But as our space evolves, we need to align resources with the most promising efforts. We've decided the cost to continue supporting BSC outweighs the impactHowever, the OpenSea team stressed its commitment to building multi-chain systems. Recently, it added support for Base, a novel Coinbase L2 platform on Ethereum , and Zora, an NFT-focused blockchain.
OpenSea was one of the first multi-blockchain marketplaces in Web3 history. It works on Optimism, Polygon, BNB Smart Chain, Arbitrum, Base, Ethereum, Solana, Avalanche and Klaytn, according to the DappRadar tracker.
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