And we’re rolling out new blockchain integrations in the future.” That enables zero transaction costs for creators, buyers and sellers. “We announced support of our Polygon integration, which is a Layer 2 platform for Ethereum.

“We’re now the first cross-blockchain NFT marketplace,” Finzer said. These are the kind of steps that OpenSea has to take to make blockchain less esoteric and more palatable for the mainstream. Today, the company announced that all Ethereum gas fees (those associated with the computing costs for minting NFTs on the blockchain) have been removed for creators, buyers, and sellers on the OpenSea marketplace.

Now it is adding transactions on the Polygon platform, which enables transactions with no huge transactions fees related to computing usage. Previously, OpenSea was restricted to Ethereum, the popular cryptocurrency platform that has been criticized for using a lot of computing power and wasting energy. Today, OpenSea is the largest marketplace for NFTs, representing gaming items, digital art and collectables, event tickets, domain names, and millions of other assets backed by blockchains. The new injection of funding comes as OpenSea NFTs are expanding to more mainstream audiences, and represent an entirely new economy based on digital ownership. We think NFTs are really one of those once every couple-of-decades paradigm shifts that is just incredibly exciting.” “And it’s about growing the platform that we’ve built, which has seen significant volume growth over the last the first half of the year. “The fundraise is really all around bringing widespread adoption to NFTs,” Finzer said. CEO Devin Finzer said in an interview with GamesBeat that we’re experiencing one of the biggest fundamental changes the internet economy has seen in decades, and he is proud to have been leading it for a while now as what he considers the best user experience and entry point for NFTs.

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