OpenSea, the biggest market for NFTs, has said it will add the layer-2 scaling solution for Ethereum called Arbitrum.
If tomorrow’s deployment goes well, Arbitrum will join Ethereum, Solana, Polygon, and Klaytn, which are already on the market.
OpenSea said that popular NFT collections like Smolverse, GMX Blueberry Club, and Diamond Pepes would be among the first to be added to the marketplace.
“Creators will need to find their collections in OpenSea and set their creator fees directly,” the company said. Ideally, this would happen at the time of launch.
The integration happens at a time when OpenSea’s monthly trading volume is about average and has reached levels not seen since the summer of 2017.
For comparison, the all-time high was $4.8 billion in January of this year, so the numbers for this month are a far cry from that.
Other marketplaces, like LooksRare, Rarible, SuperRare, and Magic Eden, have also gone through a similar cyclical drop.
Most of the NFTs on Arbitrum are currently on smaller exchanges like Stratos and Agora.
Data from DeFI Llama shows that the most popular collections on the network have already brought in millions of dollars in investments.
The Seed of Life collection has been traded for a total of $11.79 million, while Legions Genesis has been traded for a total of $11.25 million on PancakeSwap and Treasure.
If these collections are added to OpenSea, the number of items could go up.
On September 21 at 6 p.m. UTC, Arbtrum will host a Twitter Spaces to talk more about the partnership and the opportunities for creators and collectors in the space on both sides of the chain.