OpenSea, the leading NFT marketplace, has declared its decision to discontinue support for NFTs on the Binance Smart Chain (BSC).
In a recent Twitter announcement, OpenSea expressed its intention to channel its resources towards more promising ventures. This move follows OpenSea’s recent integration of layer-2 crypto solutions like Base and Zora.
From today, users won’t be able to create new BSC NFT listings or place new bids. However, OpenSea will still allow users to view, discover, and transfer BSC NFTs on its platform. The duration of this feature remains unspecified, and it’s unclear if it will be phased out eventually.
OpenSea had integrated BSC support in 2022, driven by the burgeoning enthusiasm in the NFT space.
However, as the landscape evolves, OpenSea believes in prioritizing areas with higher potential. The platform indicated that the benefits of maintaining BSC support no longer justified the associated costs, though specific details were not provided.
Despite this decision, OpenSea remains hopeful about a future that embraces multiple blockchain chains.
