OpenSea is separating from Binance’s BNB Chain after integrating into its marketplace last November. The company announces on X that blockchain support is not profitable for it and promises major changes to its platform from the end of August. Details.
BNB Chain and OpenSea: end of a story that did not last a year
From now on, the only blockchains that will be supported by the OpenSea marketplace are Arbitrum, Avalanche, Ethereum, Base, Polygon, Optimism, Solana, Klaytn and Zora.
The company has just removed its support for BNB Chain, Binance’s layer 1 blockchain. Thus, it is no longer possible to offer or create, on the OpenSea marketplace, new NFT offers built on the BNB Chain.
In its announcement on X, OpenSea explains that this decision is explained by the “need to focus resources on the most promising activities” in order to “keep pace with rapid innovation in our ecosystem” because “the cost of continuing to support BSC outweighs the impact”.
OpenSea, the No. 1 NFT marketplace, activated its support for BNB Chain on November 29, 2022. It made the announcement with barely discreet enthusiasm. The Binance blockchain thus became the 8th chain to be integrated into the essential NFT marketplace with more than one million users.
Now that’s a thing of the past. OpenSea specifies however that it is always possible for users of the platform to “see, discover and transfer NFT BSC on our site”. Other details are also made.
Major changes announced on OpenSea from August 31, 2023
The company took the opportunity to announce a major change in how its platform works. OpenSea intends to remove its operator filter from August 31, 2023 and offer optional creation fees.
We have to believe that the operator filter launched in November 2022 did not receive support from the ecosystem. Several (Blur, Dew LooksRare for example) have simply circumvented it so as not to impose creation costs on their buyers.
According to the company, the operator filter thus creates on the one hand a kind of injustice against those who apply the creation fees and on the other hand limits the expectations in terms of full ownership in a decentralized space. Pending the implementation of these changes, we are waiting to see what the reaction will be from Binance, which has just closed its crypto payment service and which is also threatened by an imminent liquidation.
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