• Ethereum remains the leader in NFT market share, but OpenSea and Magic Eden have added support for Polygon and Avalanche.
• Blur recently launched its own Ethereum-based platform token, causing a stir in the space.
• Rarible has announced new tools of support for Tezos and Polygon NFTs this week.
The NFT Market Share Leader
Ethereum is still the undisputed leader in terms of NFT market share, but other players are beginning to make their presence felt in the space. OpenSea has added support for chains like Polygon and Avalanche, while Magic Eden has branched out to include support for Polygon NFTs as well.
Blur’s Platform Token
Blur recently made waves by launching its own Ethereum-based platform token – a move which is sure to shake up the NFT landscape even further. The no-fee platform aims to make it easier for users to access Ethereum-based assets with greater security and convenience.
Another major player in the space is Rarible, which has been hard at work expanding its multi-chain future over the past year or so. The marketplace now supports collections minted on Ethereum, Solana, Tezos, Polygon, and Immutable X – with recent announcements offering support for Tezos-based NFTs from Ojbkt and fxhash as well as Polygon NFTs from OpenSea.
The Altcoin Maxis’ Take
Many altcoin maxis believe that a multi-chain future is inevitable due to the various use cases offered by different chains. For example, Tezos has focused heavily on building an artist-focused environment while Polygon has secured major brand partners such as Starbucks and Reddit to create a more institutional grade ecosystem.
Multi Chain Madness: What And Why?
Multi chain madness involves exploring different use cases offered by various blockchains for different purposes such as asset management or even gaming applications that could be developed on these blockchains. Altcoin maxis believe this multi chain approach will help them become more competitive within the cryptocurrency industry due to increased flexibility and scalability across multiple chains simultaneously