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OpenSea NFT Marketplace Integrates Tier 2 Ethereum Solution

The OpenSea non-fungible token trading platform will use the Immutable X protocol to completely remove fees while trading NFTs.

Marketplace representatives said the technology will provide instant transaction confirmation and high scalability. According to the project, the protocol is capable of processing over 9,000 transactions per second.

According to OpenSea Product Manager Nate Chastain, the Immutable X integration will enable users to trade commission-free.

“We hope that the artists and future game developers on OpenSea will benefit from this decision,” Chastain said.

The platform previously announced support for the Klaytn blockchain from the South Korean internet giant Kakao. The integration will allow supporting non-fungible tokens based on Klaytn and synchronizing accounts with the Kaikas cryptocurrency wallet.

As a reminder, in March 2021, OpenSea raised $ 23 million in a Series A round led by Andreessen Horowitz, a leading Silicon Valley venture capital firm.

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Fidenge Pecold

My profession is a journalist, but my hobby for 8 years has been studying Forex investing and trading. During this time, I managed to gain extensive experience in investing and trading cryptocurrencies and double my capital in the Forex market. To be the author of this magazine, the site owners invited me to participate in one of the 2020 trading webinars, and I will try to reveal the most relevant crypto market news for you.

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