rewrite this content using a minimum of 1200 words and keep HTML tags
In line with the launch of its new platform, the popular NFT marketplace, OpenSea, has unveiled a new update that could ease NFT purchases for users.
The NFT collection hub announced that users can now use SOL, the native asset of the Solana ecosystem, to buy Ethereum Virtual Machine (EVM)-compatible collectibles. This upgrade will eliminate the complications of buying NFTs across crypto chains, easing the process for users.
Initially, OpenSea users could only buy NFTs using ether (ETH). With the latest update, Solana users can now participate in the NFT ecosystem. This could lead to broader adoption of NFTs and an influx of more capital to the sector.
Since the beginning of this year, OpenSea has made several alterations to its platform to enhance user experiences. The platform first introduced an upgraded version of its marketplace in February. Under the name OS2, the platform added support for token trading across at least 19 blockchains to its NFT business.
The goal for OpenSea is to create a gateway to Web3 and a one-stop shop to everything on-chain. To this end, it acquired the Web3 wallet app, Rally, to provide a mobile NFT and token trading experience for users. Teams from both businesses are collaborating to simplify access to decentralized finance (DeFi), especially for the next generation of on-chain consumers.
Last month, OpenSea debuted the second and upgraded version of its Creator Studio, seeking to offer streamlined experiences and enhanced on-chain creativity. On the Creator Studio 2.0, artists and collectors can enjoy enhanced storytelling experiences by showcasing their art in the virtual space.
The new studio offers features like scheduled drops across supported chains and customized storefronts. Besides creating personalized storefronts, users can purchase collections across chains, access integrated wallets, and view aggregated listings. This enables flexibility across networks and fosters meaningful engagement within audiences.
Most of these upgrades can be attributed to OpenSea’s efforts to remove fragmented blockchain, multiple bridges, and separate applications. While the platform strives to onboard more users in a digital environment where tokens and NFTs do not compete, it is also working with creators to keep the digital art community active.
The NFT marketplace is currently hosting an artificial intelligence (AI) Creator Contest, featuring NFTs, memes, crypto culture, and OpenSea. There are up to $10,000 in cash prizes and experience points (XP) to be won. The winners will also have the opportunity to work with the OpenSea team on future content. The contest began on August 12 and will end on August 22 by 10 pm ET.
and include conclusion section that’s entertaining to read. do not include the title. Add a hyperlink to this website [http://defi-daily.com] and label it “DeFi Daily News” for more trending news articles like this
Source link
