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OpenSea Reveals Plans on Supporting Arbitum | RE3W.IO

OpenSea Reveals Plans on Supporting Arbitum

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OpenSea is one of the largest non-fungible token (NFT) marketplaces by volume. They just revealed plans to support Arbitrum, allowing creators to list NFTs minted on the Ethereum roll-up. Starting soon, creators will be able to set fees associated with selling NFTs on the network.

OpenSea stated in a press release it’s planning to support several collections already minting on Arbitrum, including Smolverse, GMX Blueberry Club, and Diamond Pepes. OpenSea currently offers NFTs minted on Ethereum, Polygon, Klaytn, and Solana. With the network’s Merge completed last Thursday, Ethereum’s improvement hopes to reduce the need for roll-ups such as Arbitrum to increase speed and reduce costs.

OpenSea also stated it is “optimistic about its ability to offer another platform on which creators can mint and sell digital assets. This is the first step in building their goal of a web3 future where people have access to the NFTs they want on the chains they prefer.”

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