OpenSea Adds Arbitrum to Its Marketplace

OpenSea recently announced adding Arbitrum One as the blockchain to its marketplace. The integration is set to go live on September 21, along with several other NFT projects.

These projects include popular collections, such as GMX Blueberry Club, Diamond Pepes, and Smolverse. After the announcement, Andrew Saunders, OpenSea’s Chief Marketing Officer, tweeted about the integration.

Andrew expressed excitement about the news, stating the delightful news calls for celebrations and that the OpenSea team will play Yacht Rock all day and night. 

OpenSea advised creators to check their collections on the network after the launch. They can also collect the collector fees directly from the marketplace. The platform also encouraged users to make the launch successful by conducting transactions.

The development is OpenSea’s first step towards building a Web3 future where users can access NFTs on any chain. Before this, OpenSea only supported three blockchains – Solana, Polygon, and Ethereum.

As a permissionless Ethereum L2 rollup, Arbitrum One supports Ethereum’s smart contract functionalities. It also acts as the entry point into the Arbitrum network, helping new users get acquainted with the platform.

As per Arbitrum’s development documentation, it is operating in the mainnet beta. It allows the rollup to run a full-fledged set while enabling the development team to make quick modifications at any moment.

Currently, 22 live NFT projects are listed on the OpenSea marketplace. The platform has witnessed major success in hosting NFT projects, making it a feasible choice for Arbitrum One.

On the other hand, Abritrum experienced a whopping 205% yearly growth in its NFT users. Among the numerous users, the top 20 wallets earned a massive 10,000% return on their investments.

Such numbers are enough to attract any marketplace, making the integration equally beneficial for OpenSea.

Roxanne Williams

Roxanne Williams has recently joined as a market reporter for CryptoNewsZ - the 24/7 crypto news site, where she produces recent stories, technical analysis and price updates on world's leading cryptocurrencies.

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