Quick take:
- BNB Chain will be launched on OpenSea’s Seaport protocol.
- BNB Chain creators can benefit from multiple creator payouts, real-time payouts, and collection management.
- Top BNB Chain NFTs like Goodfellas and PixelSweeper will now be available on OpenSea.
Leading NFT marketplace OpenSea has announced that it will support NFTs on the BNB Chain.
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.
According to Cryptoslam, BNB Chain is the fifth largest blockchain by NFT sales volume over the last 24 hours. However, compared to Ethereum’s $10 million and Solana’s $3.49 million in NFT sales over the last 24 hours, BNB lags behind at just $106,417 as of this writing.
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 that took place after Jan 1, 2022 will be available on OpenSea. The integration appears to be a mutual affair as Binance NFT recently added the majority 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.
The integration of OpenSea and BNB Chain will also allow creators to avoid high gas fees, making signature confirmation actions easier to see, and eliminate the need for new users to pay an account initialization or setup fee.
“We’re delighted to begin leveraging Seaport across multiple blockchains, including BNB Chain, to better the OpenSea experience for everyone. This update will make it simpler to reach even more users and creators on the chains they prefer,” said Jeremy Fine, Head of Business and Corporate Development at OpenSea.
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