OpenSea Unveils Integration Of NFTs On Avalanche Chain
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Ten Native NFT Projects On OpenSea
The Avalanche team stated that about ten of its native NFT projects had been first posted on OpenSea. The post indicated that because of Avalanche's experience in horizontally scaling with Subnets, OpenSea customers would benefit from the shortest time to finality for NFT trades, frequently completing transactions within seconds and reliably low transaction costs.
Avalanche - Ninth Largest Blockchain
In terms of 24-hour NFT sales volume, Avalanche is now the ninth largest blockchain with just $75,690 and seventh in terms of all-time sales with $404 million, according to statistics. Although Avalanche has had the most volume increase over the previous 24 hours at 151%, the 24-hour amount remains relatively modest compared to Ethereum, Solana, and ImmutableX, which reported $6.8 million, $1.5 million, and $662,335 worth of purchases within that timespan.
In addition, the team noted that Avalanches' NFT market activity is expanding rapidly this year, with NFT total sales rising 180% since Q2.
Benefits Of The Collaboration
Avalanche NFT projects may receive much-needed exposure because of the collaboration with OpenSea since not a single project from the network has placed among the top 100 NFT projects in terms of sales volume over the last 24 hours, seven days, and 30 days or overall. In addition to Avalanche, OpenSea supports Ethereum, Klaytn, Polygon, and Solana.