In November last year, NFT marketplace Opensea announced that the Binance Smart Chain Chain (BSC) was one of the several blockchains it was adding support for. However, that collaboration seems to be ending less than a year after.
OpenSea To End Support For BSC NFTs
In an announcement on the X (formerly Twitter) platform on August 17, the NFT marketplace stated that users would no longer be able to list or buy NFTs minted on the BSC chain. However, users “will still be able to view, discover, and transfer BSC NFTs” on the platform.
According to OpenSea, this decision was made as part of its cost-reduction efforts. Apparently, the cost of maintaining BSC NFTs “outweighs” the company’s profits from this venture.
This decision will undoubtedly surprise many, considering that Binance Smart Chain has, over time, continued to gain attention from the NFT community and is seen as a cheaper alternative for anyone looking to…
