OpenSea announced the incorporation of NFTs from the Avalanche blockchain into its online market. Avalanche, principally promoted as a decentralized finance (DeFi) chain, is frequently cited as a competitor to Ethereum due to its quick transaction times and inexpensive gas costs. The objective of the new alliance is to overcome Avalanche’s lack of a significant presence in the NFT market. GM🔺! We’re excited to share that @avalancheavax #Avalanche is officially live on OpenSea!! pic.twitter.com/3nDP3zQGAx — OpenSea (@opensea) October 11, 2022 Ten Native NFT Projects On OpenSea The Avalanche team stated that about ten of its native NFT projects had been first posted on OpenSea. The post indicated that because of Avalanche’s experience in horizontally scaling with Subnets, OpenSea customers would benefit from the shortest time to finality for NFT trades, frequently completing transactions within seconds and reliably low transaction costs. Avalanche – Ninth Largest Blockchain In terms of 24-hour NFT sales volume, Avalanche is now the ninth largest blockchain with just $75,690 and seventh in terms of all-time sales with $404 million, according to statistics. Although Avalanche has had the most volume increase over the previous 24 hours at 151%, the 24-hour amount remains relatively modest compared to Ethereum, Solana, and ImmutableX, which reported $6.8 million, $1.5 million, and $662,335 worth of purchases within that timespan. A...
