Layer 2 Network Blast NFT Has Been Launched On OpenSea

Key Points:

• OpenSea launches Blast NFT on its platform, integrating the Layer 2 network for enhanced transactions.
• Users can bid with WETH for Blast NFTs, earning Blast points automatically and potentially boosting participation.
• OpenSea adopts the ERC-721C standard to ensure fair compensation for artists amidst competition from Blur and evolving NFT market dynamics.

OpenSea, a prominent NFT marketplace, has unveiled the launch of Blast NFT on its platform.

OpenSea Introduces the Integration of Blast NFTs

Blast NFT is now accessible for sale, purchase, or bidding, marking a significant stride in OpenSea’s expansion and its integration of the Layer 2 network. Users can utilize WETH to bid for Blast NFTs, earning Blast Points automatically, thereby enriching the bidding experience.

This introduction aims to enrich user transactions on the platform, potentially fostering increased participation in the bidding process due to the incentivization through Blast Points. While the specifics of the Blast Point system remain undisclosed, OpenSea is expected to release further details in due course. The impact of this development on the broader NFT market is yet to unfold.

Notably, OpenSea’s competitor, Blur, also created by Blast founder – Pacman, had previously surpassed OpenSea in trading volume.

OpenSea Adopts ERC-721C for Fair Artist Compensation

However, OpenSea has recently adopted the ERC-721C standard developed by Limit Break, aiming to empower artists by ensuring fair compensation through programmable creator royalties on the blockchain. This move signifies OpenSea’s commitment to supporting creators and fostering a more equitable NFT ecosystem.

With platforms implementing innovative features and standards, OpenSea’s introduction of Blast NFT and the adoption of ERC-721C signal ongoing advancements in the realm of digital asset trading.