Blockchain
OpenSea, the most important market for digital collectibles and non-fungible tokens (NFTs), introduced help for Arbitrum Nova.
Nova is a Layer 2 blockchain designed to offer information availability at low value. With OpenSea integrating NFTs on this blockchain, customers can entry Nova as a less expensive choice to Ethereum when shopping for or promoting digital collectibles.
In September 2022, OpenSea added help for Arbitrum Nova’s sister Layer 2 scaling community referred to as Arbitrum. Each Nova and Arbitrum are designed by Offchain Labs. OpenSea mentioned that collections on Arbitrum Nova will likely be grouped with different Arbitrum collections on the OpenSea web site.
OpenSea will not be the primary NFT market on Nova, which can also be supported by smaller rivals together with Trove by TreasureDAO, Babylons and ToFu. Nova can also be used to host Reddit’s group level tokens.
Nonetheless, it is in a part the place it has but to be extensively adopted. In keeping with Defillama’s information on Arbitrum Nova utilization, it at the moment holds $890,000 in whole worth locked (TVL).
