Solana NFT project DeGods has removed royalty fees and Zuckerberg says Meta is looking at an open Metaverse as a new VR headset rolls out.
OpenSea has officially opened up support for the Avalanche blockchain, with the move providing broader access for the network’s native nonfungible token (NFT) projects and faster transactions for OpenSea users.
The Avalanche team noted in an Oct. 12 blog post that around 10 of the network’s native NFT projects have been initially listed on OpenSea, with more to come.
“On Avalanche, OpenSea users will benefit from the fastest time to finality for NFT trades — regularly settling transactions in under a second — and consistently low transaction fees as a result of Avalanche’s success in horizontally scaling with Subnets,” the post reads.
According to data from CryptoSlam, Avalanche is currently ranked as the ninth biggest blockchain in terms of 24-hour NFT sales volume at just $75,690 and seventh in terms of all-time sales at $404 million.
The 24-hour figure, in particular, is quite low compared to Ethereum, Solana and ImmutableX, which posted $6.8 million, $1.5 million and $662,335 worth of sales during that time frame, although Avalanche has seen the biggest volume surge over the past 24 hours at 151%.
The team also outlined that Avalanches’ NFT market activity is growing significantly this year, with NFT sales volume increasing 180% since Q2.
The integration with OpenSea may also give Avalanche NFT projects some much-needed exposure, as not a single project from the network has ranked in the top 100 NFT sales volume over the past 24 hours, seven days, 30 days or on
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