With the increased adoption and attention to non-fungible tokens, several platforms like OpenSea emerged as trading hubs. As a result, people needed suitable grounds to interact and transact with the numerous NFTs available in the space. Hence, some platforms have been trying to bridge the gap and serve potential investors of collectibles. OpenSea is an NFT marketplace where many investors buy, sell and trade majorly NFT collections. The platform is a decentralized marketplace built on the Ethereum blockchain. Since its launch in 2017, OpenSea has meteorically risen as one of the largest platforms to trade and transact NFT collections. Related Reading: Ethereum Nears Another Milestone Ahead Of Merge, Rally Incoming? However, having been around for some years, it has become an old stager regarding NFT selling, buying, trading, and other related transactions. OpenSea focused on the Ethereum network for most of its NFT collections in the past. As a result, Ethereum is the first and most prominent home for most popular NFTs. But later on, OpenSea became a cross-chain marketplace that included NFT trading from other networks like Solana, Polygon, and others. In a recent report, OpenSea’s weekly chart recorded more Ethereum Name Service (ENS) domain names. In addition, the data for ENS exceeded Bored Ape Yacht Club (BAYC) as the most traded token on OpenSea over the past week. This sudden feat for Ethereum is happening just so...
