OpenSea Announces BNB Chain NFTs Support

By the end of the year, BNB Chain, one of the largest blockchains by daily active users, will allow sales of its non-fungible tokens (NFTs) on OpenSea.

This new implementation will enable BNB Chain creators who want to list and sell digital collectibles on OpenSea's marketplace to get multiple creator rewards, collection management, and other advantages and benefits. 

"The integration will bring a large number of creators into the wider ecosystem, as well as empower the creators and NFT initiatives inside the BNB Chain ecosystem," said Gwendolyn Regina, investment director at BNB Chain.

The integration intends to reduce gas fees, make signature confirmation activities easier, and eliminate setup fees. Also, OpenSea aims to employ Seaport across various blockchains to reach more users.

Over 1,300 dapps from a variety of sectors, including blockchain gaming, metaverse, decentralized finance (DeFi), and NFTs, are supported by the BNB ecosystem. Last month, It introduced a $10 million fund to foster blockchain growth.

OpenSea announced in September that it will be adding support for more blockchains and languages in order to maintain its position as the largest NFT marketplace in the world. The platform now supports NFTs minted on Avalanche, Optimism, Polygon, Klaytn, Solana, Arbitrum, and Ethereum.