OpenSea ends support for BNB Smart Chain

Companies • August 18, 2023, 5:08PM EDT
Published 1 minute earlier on
The Block

Quick Take

  • The NFT marketplace OpenSea has removed BNB Smart Chain support. 
  • “To continue supporting BSC outweighs the impact,” the firm wrote on social media.

The NFT marketplace OpenSea has decided to end support for one of its blockchains. 

OpenSea will no longer allow NFTs built on BNB Smart Chain, or BSC. OpenSea said that the decision to remove BSC was due to the "need to align resources with the most promising efforts," deciding that "to continue supporting BSC outweighs the impact," the firm wrote on social media.

"Starting today, you will no longer be able to create new listings for or make new offers on BSC NFTs. However, you will still be able to view, discover, and transfer BSC NFTs on our site," OpenSea said. "We’re confident this decision will help us direct resources to keep pace with the rapid innovation in our ecosystem."

BNB Smart Chain

The move brings OpenSea’s total supported blockchains down to 10, comprised of Arbitrum, Avalanche, BNB Chain, Base, Ethereum, Klaytn, Optimism, Polygon, Solana and Zora.

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BNB Smart Chain, formerly known as Binance Smart Chain, is the Layer 1 blockchain stemming from the crypto exchange Binance.


© 2023 The Block. 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.

About Author

MK Manoylov has been a reporter for The Block since 2020 — joining just before bitcoin surpassed $20,000 for the first time. Since then, MK has written nearly 1,000 articles for the publication, covering any and all crypto news but with a penchant toward NFT, metaverse, web3 gaming, funding, crime, hack and crypto ecosystem stories. MK holds a graduate degree from New York University's Science, Health and Environmental Reporting Program (SHERP) and has also covered health topics for WebMD and Insider. You can follow MK on X @MManoylov and on LinkedIn.

Editor

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