Opensea Integrates Polygon, Nafter Partners with Jake Paul

Quite possibly the most exciting and best performing, the non-fungible token (NFT) market surged to a record-breaking $10.7 billion in the third quarter of 2021. NFTs have managed to find adoption in a vast array of different industries and verticals, ranging from art to music and to the world of sports

Just two weeks ago, the world’s largest NFT marketplace OpenSea launched an app for users in both the Google Play and Apple App Store, helping the company build on already mounting momentum. By allowing users to check NFT holdings and sales on their mobile devices, OpenSea has simplified the process tenfold and increased NFT trading on their and other platforms. 

OpenSea previously captured headlines back in August when it managed to overtake the popular DeFi exchange Uniswap. Previously, Uniswap had consistently been ranked the #1 marketplace when measured by daily transaction fees, however, OpenSea NFTs nabbed first place with over $1.9 million in ETH gas spent on transaction fees in a single 24 hour period. The booming marketplace’s sales volumes also hit $3.4 billion back in August and remained strong throughout the month of September even as stock markets waned. 

For more on the ETH gas burn and the implementation of EIP 1559, check out this explainer: 

You can also learn more about how EIP 1559 created a perfect storm for an ETH price rally

OpenSea inspired even more confidence when it announced it would be integrating Polygon, the massively useful platform which targets Ethereum scaling and infrastructure development. By integrating with Polygon OpenSea will gain access to a Layer 2 Ethereum blockchain, boasting a more energy-efficient structure that will allow creators, buyers, and sellers to mint NFTs virtually gas-free. 

More exciting news on the NFT front comes in the form of Nafter announcing a paid partnership with one of the world’s most popular social media influencers – Jake Paul. Through this partnership, Nafter is attempting to propel NFTs further into the mainstream by leveraging Paul’s widespread social media presence with his 20.4 million YouTube subscribers and 17.5 million Instagram followers. 

The YouTuber and social media personality will be launching his first collection entitled “The Chosen One,” a group of NFTs he mints himself, at a starting price of 25,000 NAFT tokens (today’s equivalent of around $1,162 US). In a recent press release, Nafter chief executive officer Jonathan Sulay said, “This is a great display of confidence in the Nafter platform, as well as an exciting debut of Nafter V1.1 and the NAFT token features. This is a great demonstration to future influencers and content creators who wish to use the Nafter platform to mint content and enter the exciting world of NFTs!” 

NFTs continue to prove themselves to be a hot commodity, with both crypto enthusiasts and traditional collectors buying in on this booming ecosystem. 

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