NFT marketplace OpenSea integrates Ethereum layer-2 solution

The NFT marketplace OpenSea will use the Immutable X protocol to eliminate fees entirely during NFT trading.

Representatives of the marketplace said the technology would provide instant confirmation of trades and high scalability. According to the project, the protocol can process more than 9,000 transactions per second.

According to OpenSea’s head of product, Nate Chastain, the integration of Immutable X will allow users to trade without fees.

“We hope that artists and future game developers on OpenSea will benefit from this solution,” said Chastain.

Earlier, the platform announced support for the Klaytn blockchain from the South Korean internet giant Kakao. The integration will enable support for Klaytn-based NFTs and synchronize accounts with the Kaikas cryptocurrency wallet.

Back in March 2021, OpenSea raised $23 million in a Series A round led by Silicon Valley venture firm Andreessen Horowitz.

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