This means that artwork struck on Base’s network can now be bought and sold on OpenSea, and the leading NFT platform’s NFT-related toolkit will now be able to strike assets on Base’s extensive network .
OpenSea now supports the @BuildOnBase network! pic.twitter.com/iptsyajmV1
— OpenSea (@opensea) August 3, 2023
OpenSea has been a mainstay of the NFT industry and historically accounted for the majority of organic NFT transaction volume. Although it was overtaken earlier this year by rival Blur and its encrypted trading offerings, with its reputation, Opensea remains the best NFT platform of choice for traders.
Coinbase’s Layer 2 Network has announced that the launch of the common access mainnet will take place on August 9.
Base says its network will host more than 50 “top brands, platforms, markets, artists and creators” at launch, including Coca-Cola, Atari and OpenSea. The team will also celebrate the launch with the “Onchain Summer” campaign, which includes daily NFT rewards for users.
The memecoin transaction boom propelled Base to 3rd place in the most active Layer 2, processing nearly 7.6 transactions per second (TPS). A series of dragging disasters — including from the network’s top memecoin, BALD — has since caused activity to plummet, with Base now ranked eighth with an average TPS of 2.2 over the past day.
LeetSwap, the network’s most popular DEX, also briefly stopped trading after losing $625,000 in a single mine on Tuesday, continuing to drop volumes on the network.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We recommend that you do your own research before investing.
