OpenSea NFT Marketplace Launches on Avalanche Blockchain
Source: AdobeStock / Proxima Studio Major non -fungible token (NFT) marketplace OpenSea has launched on the layer-1 blockchain Avalanche (AVAX). The marketplace shared the news via a tweet on Tuesday: TechCrunch reported that both companies have confirmed the news, saying that OpenSea will operate on the blockchain alongside existing platforms, including NFTrade , Joepegs , and Kalao . Per the report, citing the company, OpenSea users will be able to settle NFT transactions in less than a second with low transaction fees. Furthermore, the marketplace will feature all Avalanche-based NFT collections, while more will be added over time. Shiva Rajaraman, VP of product at OpenSea, is quoted as saying that “the future of web3 is multichain,” while John Wu, president of Avalanche developer Ava Labs , said that, “We listen to our community, and part of our community really wanted to have OpenSea. […] We have a budding and vibrant creator a...