Blockchain
OpenSea, the largest 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 price. 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 known as Arbitrum. Each Nova and Arbitrum are designed by Offchain Labs. OpenSea mentioned that collections on Arbitrum Nova might be grouped with different Arbitrum collections on the OpenSea web site.
OpenSea isn’t the primary NFT market on Nova, which can also be supported by smaller opponents 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 section the place it has but to be broadly adopted. In line with Defillama’s information on Arbitrum Nova utilization, it at the moment holds $890,000 in whole worth locked (TVL).