OpenSea Seaport Protocol Embarks NFT Creators and Holders on BNB Channel

BNB Chain's integration into the Seaport protocol aims to provide BNB Chain creators with multiple creator payouts, real-time payouts and collection management.

Crypto collectibles and non-fungible token (NFT) marketplace OpenSea has announced plans to integrate the BNB chain on the Seaport protocol by the end of Q4 2022. The integration will allow users to buy, list and trade BNB chain NFTs on the OpenSea marketplace.

BNB Chain was built by Binance to operate as a Web3-focused blockchain network powered by the exchange's internal token, Binance Coin (BNB). BNB Chain's integration into OpenSea's Seaport protocol aims to provide BNB Chain creators with multiple payments to creators, real-time payments, and collection management, among others.

Sharing news about the move, Gwendolyn Regina, Chief Investment Officer at BNB Chain, revealed her plans to provide better experiences for NFT creators and users. She added:

"The integration will bring a large number of creators into the larger system, while empowering creators and NFT initiatives within the BNB Chain ecosystem."

The integration aims to reduce fuel costs, facilitate signature confirmation actions and eliminate installation costs. In addition to BNB Chain, OpenSea plans to leverage Seaport on multiple blockchains to reach more users.

Related: Binance Sees Record Inflows of 138,000 BTC as Opinions Diverge on What Bitcoin Price Will Do Next

OpenSea recently confirmed that it is continuing to apply royalties to all collections after receiving significant public backlash for considering otherwise.

The community pushback came after OpenSea announced the launch of an on-chain tool that would allow creators to apply royalties for all new collections on the platform, but stopped short of to offer the same to existing collections.

The chain tool, ...