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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