4 weeks ago 1 min read

OpenSea NFT Marketplace Disables Ledger Connect Amid Ledger Connect Security Breach

The security breach at Ledger Connect has sent shockwaves through the community, with many NFT enthusiasts worried about potential losses. The incident has had a significant impact on users such as Muro, an OpenSea user who suffered a $50,000 financial setback and lost some NFTs. As the crypto world deals with the aftermath, OpenSea, a major NFT marketplace, has taken proactive steps to protect its users. OpenSea, a leading NFT marketplace, quickly responded to the Ledger Connect security breach. The platform quickly responded by temporarily suspending the use of Ledger Connect on its website and mobile app. This proactive step

OpenSea partners with Arbitrum
1 year ago 1 min read

OpenSea expands platform capabilities with Arbitrum Nova integration

OpenSea NFT marketplace has implemented Arbitrum Nova, a Layer 2 blockchain designed to provide low-cost data availability. Through this integration, OpenSea customers will now have an economical way to purchase and sell digital collectibles compared to transactions on Ethereum. This integration follows OpenSea’s implementation of Arbitrum, another scaling network developed by Offchain Labs, in September of 2022. All collections on the Arbitrum Nova blockchain will be organized with the other Arbitrum collections on the OpenSea website. OpenSea may not be the first NFT marketplace to use Nova, which is also utilized by smaller competitors like Trove by TreasureDAO, Babylons, and

OpenSea chooses Ethereum Proof-of-Stake (PoS) following Merge
1 year ago 2 mins read

OpenSea chooses Ethereum Proof-of-Stake (PoS) following Merge

Although the NFT marketplace giant will not support Ethereum forks, OpenSea competitors may. Once the network’s highly anticipated upgrade—the Merge—is completed, OpenSea will support the proof-of-stake Ethereum chain. The Ethereum Merge will convert the blockchain’s current proof-of-work consensus to a more environmentally friendly, 99.9% more energy-efficient version. The event, which is expected to take place on or around September 15, has prompted many crypto platforms to prepare for the change. OpenSea said in a Twitter thread on Thursday, “First, and most importantly, we are committed to solely supporting NFTs on the upgraded Ethereum PoS chain.” It also mentioned potential Ethereum