OpenSea shifts focus from BSC to Layer-2 solutions amid rapid NFT innovation

OpenSea, the leading Web3 marketplace for NFTs, has discontinued support for Binance Smart Chain (BSC), a major layer-1 blockchain. The company announced on August 18, a year after initially integrating BSC.

Timeline of Bowscoin

The team of PancakeSwap (CAKE), the largest and most popular decentralized cryptocurrency exchange on BNB Smart Chain, shared the details of the novel opportunity unlocked for PEPE enthusiasts.

There is a substantial flow of assets from Ethereum to the Binance Smart Chain (BSC), according to data from Cryptoflows. Migration From Ethereum To BSC The shift to move assets from the legacy smart contracting network could be driven by the desire to escape high gas fees.

More than 70% of all tokenized Bitcoin, worth over $4.3 billion, have been transferred to Ethereum, according to data from Cryptoflows. This migration highlights a growing trend of utilizing Bitcoin within Ethereum's decentralized finance (DeFi) ecosystem and other interesting areas.

CAKE, the utility token of the decentralized exchange, PancakeSwap, remains under pressure days after the Uniswap community voted to launch the exchange on the BNB Smart Chain (BSC), a smart contracting platform. Uniswap v3 went live on the BSC on March 15, bringing stiff competition to PancakeSwap, which has long been dominant on the smart contracting platform.

The team of Scam Sniffer analytical group, developers of holistic anti-fraud software, shared the statistics of wallets affected by the LaunchZone DeFi hack. Although the event took place five weeks ago, thousands of users still did not revoke their approvals on the hacked DeFi.

XRP News: XRP, Ripple's native token price took a hit on Wednesday after riding over a good upward momentum in reaction to the recent updates coming out of the XRP lawsuit. However, the crypto whales have used this price drop in order to add more.

XRP News: Ripple's native crypto, XRP has managed to maintain the upward momentum over the past weeks. XRP has been riding on the positive sentiments building in the crypto market.

Binance Global Inc recently completed its hard fork of the BNB Smart Chain (BSC) network. According to the operator of the world's largest cryptocurrency exchange Binance, the hard fork was successful.

Shiba Inu crypto Ecosystem dropped its most anticipated Shiba Eternity, a CCG game amid the volatile market conditions. However, on the official download day (October 6) the building anticipation failed to pump the Shiba Inu prices.

Crypto Games Agency, Play-to-Earn specialists and creators of Crypto Legions, is gearing up for an exciting start of their new game on Tuesday, Sept. 27, 2022. Both the game and token will launch together at release on BSC Network.