- Customers can select between Ethereum and Polygon as their most popular chain on the up to date dashboard.
- OpenSea was the most important NFT market by way of NFT gross sales depend.
In a big push in the direction of cross-chain compatibility, well-liked NFT market OpenSea Pro introduced its launch on the Polygon [MATIC] community, as per a 2 November X publish. Customers would now be capable to purchase, deposit, withdraw and listing NFTs from the Polygon community on one of many largest NFT aggregators.
1/ OpenSea Pro is now stay on @0xPolygon! 🟣
Wen Multichain? Now. OpenSea Pro simply turned the go-to vacation spot to purchase, promote, and listing NFTs throughout marketplaces AND blockchains!
Discover your favourite collections on Ethereum and Polygon 👉 https://t.co/oYtdhiw69x pic.twitter.com/OYPbwNf7EJ
— OpenSea Pro (@openseapro) November 2, 2023
New options for OpenSea prospects
AMB Crypto examined OpenSea’s dashboard and noticed the characteristic that permits shoppers to decide on between Ethereum [ETH] and Polygon as their most popular chain. The UX additionally allowed for seamless switching between the 2 and even simultaneous entry to each.
OpenSea additionally introduced the implementation of a bridge and swap characteristic. The brand new performance, powered by interoperability protocol Socket, would assist customers obtain two goals. Not solely would they be capable to bridge tokens to different chains, but additionally trade them for various ones in a single transaction.
Is that this a good move?
The pivot in the direction of Polygon comes after the Binance [BNB] NFT market discontinued itemizing of Polygon NFTs on its platform. The drastic step was attributed to efforts to “streamlining product choices” on {the marketplace}.
Nevertheless, OpenSea Pro’s technique may very well be a nicely-thought one and rooted within the latest efficiency of Polygon NFTs. Based on a report by Messari, the common weekly NFT buying and selling volumes within the final quarter surged by 131% QoQ improve in Q3.
Battle amongst NFT marketplaces rages on
Solely time will inform if OpenSea’s wager on Polygon will present good returns. Recall that OpenSea Pro was launched to cater to skilled NFT merchants, as a response to the rising reputation of Blur [BLUR].
On the time of writing, OpenSea was the most important NFT market by way of gross sales depend, in line with a Dune dashboard. OpenSea loved a 48% market share, adopted by Blur at 40%. OpenSea Pro bagged the third place at 8.2%.
Nevertheless, by advantage of catering to skilled merchants, Blur was the market chief by way of gross sales quantity. It accounted for an amazing 67% share.