• Ethereum is the current leader in the NFT market space, but OpenSea and Magic Eden are competing by supporting Polygon and Avalanche NFTs respectively.
• Blur has launched its own Ethereum-based platform token, causing a stir this week.
• Rarible has announced new tools for support of Tezos and Polygon NFTs this week.

Ethereum Still Leads NFT Market

Ethereum is still the dominant force in the Non-Fungible Token (NFT) market space, with no other chain close to its level of adoption. However, an ever-present ‘multi-chain future’ discussion among the NFT space has seen several competitors enter the fray.

Multi-Chain Contenders

Marketplace leader OpenSea has added support for chains like Polygon and Avalanche, while Magic Eden – once Solana-dedicated – has been branching out with support for Polygon NFTs. Meanwhile, Ethereum-dedicated no-fee platform Blur recently launched its own Ethereum-based platform token. Not to be outdone, Rarible also announced new tools of support for Tezos and Polygon this week.

Rarible Aggregator Tool

Rarible first announced a desire to integrate multi-chain NFTs within Solana, Tezos and Flow roughly a year ago and now supports collections minted on Ethereum, Solana, Tezos, Polygon, and Immutable X. To facilitate easy access to these collections across multiple platforms they have launched an aggregator tool which will allow users to purchase Tezos based NFTs from dedicated marketplaces like Ojbkt and fxhash as well as supporting Polygon NFTs on OpenSea.

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Multi Chain Future

Many altcoin maxis even believe in a multi-chain future due to different use cases offered between them all such as Tezos having strong traction in building a grassroots network of talent creatives while Polygon taking a different approach securing major brand partners like Starbucks or Reddit for more ‘institutional’ grade applications.