A top former executive at the highly valued NFT startup OpenSea was arrested Wednesday and charged “with wire fraud and money laundering in connection with a scheme to commit insider trading,” according to a press release from the U.S. Attorney’s Office in the Southern District of New York (SDNY). TechCrunch previously covered the firing of […]
OpenSea Integrates Ethereum Layer 2 Protocol for Gas Free Trading
Apr 1 2021 · 10:59 UTC by John Kiguru · 3 min read
Photo: OpenSea / Twitter
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OpenSea has said it plans to use Immutable X to get rid of gas fees. The NFT marketplace aims to support the trading of digital collectibles on their gas-free layer-2 protocol built on Ethereum without compromising on security.
OpenSea has announced plans to integrate an Ethereum Layer 2 protocol that will allow the platform to offer users free gas trading. This comes as the NFT marketplace makes strides to dominate the industry. In the last few months, the marketplace has become a favorite for collectors and artists.