Opensea Now Supports Arbitrum Nova

Key Points:

• OpenSea announced it had support for Arbitrum Nova.
• Users can access the blockchain as a less expensive alternative to Ethereum when buying or selling digital items thanks to the incorporation of NFTs on Nova.

The largest NFT marketplace, Opensea, has extended support to the chain dedicated to social and gaming, Arbitrum Nova.

OpenSea gained support for Arbitrum, the sister Layer 2 scaling network of Arbitrum Nova, in September 2022. Offchain Labs is the company behind both Nova and Arbitrum. Collections on Arbitrum Nova will be categorized with other Arbitrum collections on the OpenSea website, according to the NFT marketplace.

Nova was created to offer data accessibility at a reasonable price. Users can access Nova as a less expensive alternative to Ethereum when purchasing or selling digital collectibles, thanks to OpenSea’s integration of NFTs on this blockchain. Users will see an “Arbitrum Nova” designation on those collection and item pages.

Nova is a blockchain that is suitable for projects with high transaction volumes and price-sensitive requirements, such as games that often create new products and currency or social applications with a variety of on-chain interaction choices. The impending rollout of Reddit Community Points, which will be based on Nova, is one significant instance of its application.

In order to provide on-chain internet access and guarantee data integrity, they are also strengthening the community of Nova by joining the Data Availability Committee (DAC). The Arbitrum chain feature will still match Nova collections with other Arbitrum collections on the ranks and search pages. People will see an Arbitrum Nova classification on such collection and asset pages.

The endorsement of OpenSea excites Arbitrum Chain as well. They express their joy at the idea of a social and gaming future in a tweet.

An Ethereum-based crypto-asset called Arbitrum seeks to improve smart contracts’ effectiveness and sturdiness while simultaneously adding new privacy protections. Arbitrum Rollup can scale any Ethereum agreement and is a good scalability solution for many DeFi applications. They want to use blockchain technology that is based on Ethereum to address some of the most pressing issues.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

Coincu News