<p><span style="font-weight: 400;">OpenSea, the biggest marketplace for digital collectibles and non-fungible tokens (NFTs), </span><a href="https://twitter.com/opensea/status/1611486589087109124"><span style="font-weight: 400;">announced</span></a><span style="font-weight: 400;"> support for Arbitrum Nova. </span></p> <p><span style="font-weight: 400;">Nova is a Layer 2 blockchain designed to provide data availability at low cost. </span><span style="font-weight: 400;">With OpenSea integrating NFTs on this blockchain, users can access Nova as a cheaper option to Ethereum when buying or selling digital collectibles. </span></p> <p><span style="font-weight: 400;">In September 2022, OpenSea</span> <a href="https://www.theblock.co/post/171392/opensea-announces-support-for-layer-2-network-arbitrum"><span style="font-weight: 400;">added</span></a><span style="font-weight: 400;"> support for Arbitrum Nova's sister Layer 2 scaling network called Arbitrum One. Both Arbitrum Nova and Arbitrum One are designed by Offchain Labs. OpenSea said that collections on Arbitrum Nova will be grouped with the Arbitrum section on the OpenSea website.</span></p> <p><span style="font-weight: 400;">OpenSea is not the first NFT marketplace on Nova, which is also supported by smaller competitors including Trove by TreasureDAO, Babylons and ToFu. Nova is also used to host Reddit's community point tokens.</span></p> <p><span style="font-weight: 400;">Still, it's in a phase where it has yet to be widely adopted. According to DefiLlama's data on Arbitrum Nova usage, it currently holds <a href="https://defillama.com/chain/Arbitrum%20Nova">$890,000</a> in total value locked (TVL).</span></p><br /><span class="copyright"><p>© 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.</p> </span>