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The OpenSea marketplace briefly stalled on Sunday, signaling an over-reliance on the crypto industry for one main non-fungible token (NFT) marketplace. The attention of the NFT market proves an overreliance on OpenSea and the Ethereum blockchain.
The outing was first reported on Twitter around 13:00 UTC on October 10th and lasted for just over an hour. The issue was reported by users who saw problems listing new projects, causing several project delays and listings.
“OpenSea activity has been broken for over an hour now. This is very bad and we are too reliant on one platform. Share to others who may be confused about NFT activity,” tweeted the Loopify account.
Even smaller artists felt the pressures from the delay. Long hours of hard work and marketing can come down to how successful a project launch is. Any sort of unexpected delay can be a dynamic maneuver. Others seem to be able to power through…
“There’s a problem site-wide, making it unable to list anything at the moment. We have to wait until Opensea fix the problem internally [crying face emoji] and this is really out of my hand. I have to apologize for the delay!” tweeted @MeMiann_NFT.
Judging by the follow-up tweets from MeMiann’s account, her launch appeared quite successful despite the delay.
The NFT market has seen a slow proliferation off of the Ethereum chain. The huge swell of notoriety and liquidity onto Solana recently can largely be attributed to the burst of NFT creativity on the chain. So much so that its chain suffered resource exhaustion in September.
Many users will bemoan the lack of a proper NFT marketplace on Binance Smart Chain (BSC), however, BSC may finally be catching up. The chain may have waited until the end of 2021 to catch up to the hottest trend in crypto.
Great and innovative NFT projects have started to crop up on the BSC network. Platforms like Bakery Swap, Featured by Binance, NFTb, Binance Marketplace, and others have built solid projects with little user base.
It could be said the BSC has too many good platforms at this time. And it’s only a matter of time before users turn their eyes to the quality of NFTs emerging on BSC.
The enormous creativity of NFTs can usher in a creative renaissance and bring a new economic system. Binance Smart Chain has not missed the boat on NFTs. In some ways, the potential of NFTs has not reached its full potential without cultivating on BSC.
BSC News co-founder, GoonTrades, will be live streaming and documenting an investment series over one month in partnership with MOBOX on our DeFi Direct Youtube channel.
The series will commence on October 18th at 3PM UTC and continue Monday-Friday for 4 weeks straight. We will be investing $1,000 into the MoBox ecosystem via multiple strategies and tracking the results.
“My main goal with the series is to give proper insight into the largest play-to-earn games. We don’t see enough quality gameplay with an entry level investment. $1,000 should be a great start to grab some MOMO NFTs and jump into the Block Brawler and Token Master games,” said GoonTrades.
Our series comes in official partnership with MoBox and opens the door for novel content. This includes interactive streams with loads of giveaways. To start, we will be giving away 10 Mystery Boxes on our first stream. We will also include prominent guests in the GameFi ecosystem to provide our users the latest insights.
Set a reminder for our first livestream here! Remember to tune in Mon-Fri at 3 PM UTC on DeFi Direct!
MoBox is a Play-to-Earn GameFi protocol built on BSC. The protocol combines the best yield farming and Gaming NFTs, creating a free GameFi ecosystem. Utilizing the BSC, MoBox shows true NFT interoperability by combining cross-chain and cross-platform functionality for NFTs. The platform is community-driven and rewards users for their engagement and enjoyment.
Follow MOBOX on:
A huge blast of Non-Fungible Tokens (NFT) is dropping across Binance Smart Chain (BSC). NFTBomb has partnered with seven different protocols and wallets for its protocol launch, which will include NFT releases of the new ‘Rare-Ki’ NFTs.
The featured release of the ‘Rare-Ki’ NFT will open users to the new NFTBomb ecosystem. The NFTs will act as a ticket to various benefits and perks, notably BOOM agreement participation qualification, a third-party platform open to millions of more prizes exclusively to Rare-Ki holders.
“Our #Rare_Ki NFT airdrop has been launched on the cooperation platforms. You can check and fill in the form on these platforms now,” NFTBomb tweeted on Oct. 16th. “Users who fill out the form can claim your #Rare_Ki NFT on our website after the 22nd. Before that, we will announce the claim tutorial!”
NFT drops are becoming more creative in Decentralized Finance (DeFi), and the collective pitch by seven projects is a keen effort to attract users and interest. The airdrop will be facilitated by Airdrop Ninja, a protocol known for assisting in numerous airdrop events across BSC.
The campaigns all run from Oct. 16th - Oct. 22nd (UTC+8) across all seven platforms. Some tweet announcements from the protocols have indicated ‘first come, first serve,’ so do not wait.
Each requires various social media tasks for completion, like Telegram follows and completion of a Google Form to verify your accounts. Be sure to check each project’s requirements individually.
Below are the links to each participating project:
The Rare_Ki release is the first group of NFTs issued by NFTBomb. There are a total of 45,000 NFTs available and exclusive rights and benefits to the NFT marketplace, as well as the growing BOOM protocol, are up for grabs!
NFTBomb is the first NFT protocol ecological project dedicated to creating a new paradigm of NFT finance. NFTBomb features not only an NFT market but also a rich NFT protocol ecology. The market module links the real world and Metaverse assets together, while the protocol ecology solves the problem of NFT liquidity. NFTBomb can help high-quality NFT protocols reach more valuable NFT assets quickly to serve more NFT users.
Where to find NFT Bomb:
Over-reliance on a single chain and marketplace could pressure the current status quo forcing a break.
The OpenSea marketplace briefly stalled on Sunday, signaling an over-reliance on the crypto industry for one main non-fungible token (NFT) marketplace. The attention of the NFT market proves an overreliance on OpenSea and the Ethereum blockchain.
The outing was first reported on Twitter around 13:00 UTC on October 10th and lasted for just over an hour. The issue was reported by users who saw problems listing new projects, causing several project delays and listings.
“OpenSea activity has been broken for over an hour now. This is very bad and we are too reliant on one platform. Share to others who may be confused about NFT activity,” tweeted the Loopify account.
Even smaller artists felt the pressures from the delay. Long hours of hard work and marketing can come down to how successful a project launch is. Any sort of unexpected delay can be a dynamic maneuver. Others seem to be able to power through…
“There’s a problem site-wide, making it unable to list anything at the moment. We have to wait until Opensea fix the problem internally [crying face emoji] and this is really out of my hand. I have to apologize for the delay!” tweeted @MeMiann_NFT.
Judging by the follow-up tweets from MeMiann’s account, her launch appeared quite successful despite the delay.
The NFT market has seen a slow proliferation off of the Ethereum chain. The huge swell of notoriety and liquidity onto Solana recently can largely be attributed to the burst of NFT creativity on the chain. So much so that its chain suffered resource exhaustion in September.
Many users will bemoan the lack of a proper NFT marketplace on Binance Smart Chain (BSC), however, BSC may finally be catching up. The chain may have waited until the end of 2021 to catch up to the hottest trend in crypto.
Great and innovative NFT projects have started to crop up on the BSC network. Platforms like Bakery Swap, Featured by Binance, NFTb, Binance Marketplace, and others have built solid projects with little user base.
It could be said the BSC has too many good platforms at this time. And it’s only a matter of time before users turn their eyes to the quality of NFTs emerging on BSC.
The enormous creativity of NFTs can usher in a creative renaissance and bring a new economic system. Binance Smart Chain has not missed the boat on NFTs. In some ways, the potential of NFTs has not reached its full potential without cultivating on BSC.
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