OpenSea Joins Arbitrum to Acquire New NFT Collections
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Beginning on Wednesday, creators will have the choice of determining the costs involved with selling NFTs on the network, the market stated in a tweet. Several collections presently minting on Arbitrum, including Smolverse, GMX Blueberry Club, and Diamond Pepes, will be supported, according to OpenSea.
Arbitrum - A Layer 2 Solution
A Layer 2 solution called Arbitrum expands Ethereum's smart contracts functionality. It adds more privacy features while also accelerating transaction speed and scalability overall. On September 21 at 6 p.m. UTC, Arbtrum will conduct a Twitter Spaces to go deeply about the relationship and the potential presented for producers and collectors on both ends of the supply chain.
OpenSea Provides NFT to Different Platforms
OpenSea currently provides NFTs on Ethereum, Polygon, Klaytn, and Solana. NFTs on Arbitrum have a total volume of 9,722 ETH, according to statistics from NFT Scan, which is insignificant when compared to Ethereum's 23.5 million ETH total NFT volume. The network's merge was finished last Thursday. Therefore, Ethereum's development may decrease the need for roll-ups like Arbitrum to boost speed and lower expenses.
OpenSea Launches New Drop Features
A day ago, a new platform called SeaDrop was introduced by OpenSea to make it easier for NFT creators and purchasers to drop and mint digital artworks.
The secure, open-source smart contracts from SeaDrop will soon be accessible to OpenSea artists, allowing them to use SeaDrop when releasing new collections. It would no longer be necessary for creators to create original smart contracts independently.