OpenSea Ends Support for BNB Smart Chain

OpenSea has announced that they’ve decided to end support for the BNB Smart Chain, meaning you’ll no longer be able to make new listings or new offers for BSC NFTs.

The decision was announced in a Twitter/X thread on August 18th, in which they explain that, after adding multiple chains last year, “as our space evolves,” the NFT marketplace has to prioritize allocating resources with the “most promising efforts.” As a result, they believe that the cost involved in continuing to support Binance’s blockchain network “outweights the impact,” leading to a sudden end of support.

This means that users who have NFTs on the BNB Smart Chain can now no longer create new listings of those assets on OpenSea. The option to make new offers for NFTs on the aforementioned chain is also no longer available. What continues to remain however is the ability to view, discover, and transfer BSC NFTs on the OpenSea website.

Despite this sudden removal of the well-known chain, the team claims that they are still “bullish on a multi-chain future,” providing Base and the Zora Network as examples of recent L2s they’ve introduced support for on their marketplace. Base is an Ethereum-based Layer 2 network incubated by Coinbase, while the Zora Network is an NFT minting platform launched as a creator-focused scalable L2 chain secured by Ethereum and built on Optimism’s tech stack.

“We’re confident this decision will help us direct resources to keep pace with the rapid innovation in our ecosystem.”

Shortly before this news, OpenSea announced that they are planning to stop enforcing creator royalties on secondary sales.