OpenSea Launches NFT Marketplace on Avalanche
As NFT activity continues to slow, some major players in the space have joined forces to expand its reach. The latest to do so is OpenSea, which has launched natively on the layer-1 blockchain, Avalanche, both firms exclusively told TechCrunch.
“The future of web3 is multichain; and it’s always been our goal to offer the best selection and connect people with projects and creators across the chains they prefer,” Shiva Rajaraman, VP of product at OpenSea, said to TechCrunch in an email.
OpenSea, the world’s largest NFT marketplace, will operate on the blockchain alongside existing platforms like NFTrade and other Avalanche-focused NFT marketplaces, including Joepegs and Kalao. With Avalanche, OpenSea users will be able to settle NFT transactions in under a second with low transaction fees, the company said.
