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OpenSea announces ending support for BNB Smart Chain

Fast Take
  • OpenSea informed about its decision to end its support for one of its blockchains
  • With that, it will no longer allow NFTs built on BNB Smart Chain (BSC)
  • The decision is already valid from August 18
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OpenSea's NFT Marketplace reported on August 18 of its decision regarding the end of support for one of its blockchains, not allowing further NFTs built on the BNB Smart Chain (BSC).

In its official X account, the team justified the closure:

“Over the past year, we have added several chains, including BNB Smart Chain (BSC), after seeing the excitement of the wider NFT ecosystem. But as our space evolves, we need to align resources with the most promising efforts. We decided that the cost of continuing to support the BSC outweighs the impact”.

 

In the statement to its customers, the platform highlighted that the measure is already valid. “As of today, you will no longer be able to create new listings or make new offers on BSC NFTs. However, you will still be able to view, discover and transfer BSC NFTs on our website.”

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According to the OpenSea team, the platform is confident "that this decision will help us direct resources to keep pace with rapid innovation in our ecosystem."

It is worth remembering that BNB Chain announced on June 19 the testnet launch of a Layer 2 network called opBNB. According to the announcement, opBNB is an innovative scalability solution now available on BNB Smart Chain (BSC).

Disclaimer: The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing or trading cryptocurrencies carries a risk of financial loss.
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