OpenSea is the world’s first and largest marketplace for buying, selling, and discovering digital assets. It is also the first decentralized application (dapp) built on Ethereum.
OpenSea has been operational since 2017 and has facilitated over $200 million in total transaction volume.
In May 2020, OpenSea announced a partnership with Binance to launch a new version of the marketplace on Binance Smart Chain (BSC). BSC is a blockchain that is compatible with Ethereum’s applications and smart contracts.
The new OpenSea marketplace will allow users to buy, sell, and discover digital assets using BSC.
The partnership between OpenSea and Binance is a strategic move that will allow OpenSea to tap into the growing DeFi market on BSC. BSC is already home to a number of popular DeFi applications, such as PancakeSwap and CreampieSwap.
By launching on BSC, OpenSea will be able to offer its users a wider range of digital assets and services.
The new OpenSea marketplace on BSC is currently in beta testing. If you’re interested in trying it out, you can sign up for the beta here.
So, Is OpenSea on Binance Smart Chain a good thing? We think so! This partnership between OpenSea and Binance will allow OpenSea to tap into the growing DeFi market on BSC. This is a strategic move that will benefit both companies and their users.