OpenSea will integrate the Flow blockchain into its NFT marketplace. This will mean that users will soon be able to acquire collectible moments from NBA Top Shot or game items from Chainmonsters through the open marketplace. There’s no date for when the integration will be completed.
In a press release they write that OpenSea is ‘in the process of building support for Flow’. Flow is a blockchain developed by Dapper Labs, the creators of the Ethereum-based Cryptokitties collectibles. They’ve not only partnered with the NBA, but are also working on products for the UFC and Warner Music.
As a blockchain Flow focuses on consumer products. It would allow free transactions and smooth on-boarding. Over the past few years OpenSea has positioned itself as a leading marketplace for NFTs in the blockchain space. They’ve been around since 2018, and recently integrated layer-2 solution Matic in their marketplace as well.
What is Flow?
Flow is a proof-of-stake blockchain. This means that nodes hosted based on economic wealth instead of computing power. The Flow network introduces five different nodes, which means the workload will be split between them. Each node is a bit different and they all compliment each other. As a result everybody can help to build the network, ranging from home computers to data centers.
In a traditional blockchain every node stores the account balances, smart contract code etc. Each of the nodes performs all of the work associated with every transaction. Because of this these nodes require strong hardware and do lots of technical work. The Flow blockchain applies decentralized participation, allowing a wide range of participants to commit to a range of technical and financial commitments. This results in five different roles: Collection, Consensus, Execution, Verification, and Observation.
For regular users it will be easy to use Flow. There won’t be any transaction fees. As a result this makes breeding Cryptokitties and sending someone in-game assets a lot more user friendly. Aside from Dapper Labs own projects Cryptokitties and NBA Top Shot, there are more games coming to Flow. Among them is Chainmonsters, a Pokémon-inspired online game.
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