OpenSea the world’s leading NFT market place has announced that they will add Arbitrum NFTs to their marketplace. OpenSea is expected to launch Arbitrum on their platform on today (Sep 21).
Arbitrum is one of the leading Ethereum layer2 scaling solutions and have a TVL (total value locked) of over $930M according to data from DeFiLlama. The layer2 solution saw a growth in users after GMX, a decentralized perpetual exchange, became popularised. GMX currently has a TVL of $337M, according to DeFiLlama.
Smol Brains, one of the leading NFT projects on Arbitrum and part of the treasure ecosystem, has spiked 80% in the last 24 hours according to stats from Nansen. The recent spike came as a result of the announcement by OpenSea.
OpenSea announced that other popular NFTs on the Arbitrum protocol will be uploaded immediately on the platform. Some of which include Diamond Pepes, GMX Blueberry Club, and Smolverse. Arbitrum creators will have to find their collections on OpenSea and fix their creator fees immediately after launch.
There has been a decline in the level of trading on OpenSea over the last few months, consistently reaching all-time-lows day after day. However, OpenSea is not the only NFT marketplace currently witnessing a decline – MagicEden, Rarible, and LooksRare are also facing troubled times.