OpenSea plans to add Ethereum Layer 2

Non-fungible token (NFT) marketplace OpenSea plans to add Ethereum Layer 2 protocol in a bid to remove costly gas fees. OpenSea is one of the largest NFT marketplaces in the world and with the recent hype and high demand in tokenized art and music to digital wearables; it has been gaining more popularity and extreme expansion in the space.

On Wednesday, the marketplace makes it known that the technology will provide instant trade confirmation, increased scalability and zero gas fees.

OpenSea Head of Product, Nate Chastain said, “Integrating Immutable X enables us to offer users a gas-free trading experience without sacrificing the security of the Ethereum network”.  He added, “we’re rolling this out for … future game developers and players on OpenSea who will benefit from this scaling solution.”

Author: Oluwafemi Adenugba

Oluwafemi is passionate about research and finds himself as a blockchain enthusiast who is focused on growing with the entire crypto sector.

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