February 8, 2023
By Sharan Kaur Phillora
BNB recently made a huge announcement regarding its NFT ecosystem, creating excitement in the community. BNB Chain NFTs will now be available for listing and sale on OpenSea.
Here’s what we know:
BNB Chain creators and users can now buy and list their NFTs on Opensea. The integration will take place on OpenSea’s Seaport protocol, and BNB Chain creators can benefit from multiple creator payouts, real-time payouts, and collection management.
With the integration of BNB Chain, top BNB Chain NFTs like Goodfellas and PixelSweeper will now be available on OpenSea. The BNB Chain support also shows OpenSea efforts in its multi-chain expansion as the marketplace recently added support for Avalanche and Arbitrum.
The marketplace announced on Twitter that every BNB Chain NFT collection with a transaction after Jan 1, 2022, will be available on OpenSea. The integration appears to be a mutual affair, as Binance NFT recently added most of OpenSea’s top 200 NFT collections using the ERC-721 standard to its newly revamped marketplace.
OpenSea’s integration of the BNB Chain will enhance the NFT trading experience for over 1 million existing users and onboard new users.
“Our goal is to give the best in class experience to NFT creators and users, and this is a significant step in that direction as BNB Chain NFTs will now be available for listing and sale on OpenSea, the world’s largest NFT marketplace by volume. The integration will bring a large number of creators into the wider system, as well as empower the creators and NFT initiatives inside the BNB Chain ecosystem,” said Gwendolyn Regina, Investment Director at BNB Chain.
Integrating OpenSea and BNB Chain will also allow creators to avoid high gas fees, making signature confirmation actions easier to see and eliminating the need for new users to pay an account initialization or setup fee.
About the author
Sharan Kaur Phillora’s thirst for knowledge has led her to study many different subjects, including NFTs and Blockchain technology – two emerging technologies that will change how we interact with each other in the future. When she isn’t exploring a new idea or concept, she enjoys reading literary masterpieces.