Tezos NFTs will now be available on OpenSea, the largest online NFT marketplace that previously only supports Ethereum tokens. Similar to Ethereum’s ERC-1155 standard, the FA2 standard, which was recently launched at Tezos, has attracted great interest from the community.

 

 

Tezos joins the new NFT market

NFT volumes have increased since mid-January to exceed $ 4 million per day. OpenSea is the leading market place dominating the area with a volume share of more than 30%.

The OpenSea platform will list Tezos NFTs on its own platform with “plans to support peer-to-peer trade soon”.

According to the press release, the OpenSea team stated that the Tezos ecosystem blockchain developers and product users are “tired of the excessive fees on other blockchains”.

Development activity on Tezos also spiked with the recent launch of the FA2 token standard.

The Wrap Protocol, an Ethereum-Tezos bridge, will be launched soon and will allow users to wrap ERC tokens with NFTs in Tezos. Development team TQ Tezos also announced OpenMinter, a new NFT marketplace.

In addition to NFTs, the stablecoin environment continues to evolve. Hoverlabs and Stably will issue their Kolibri and USDS stablecoins in Tezos later this month.

 

XTZ runs to records

The Tezos ecosystem’s native token, XTZ, rose 18.1% after weekly opening to $ 3.9.

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XTZ climbed above the rising triangle formation and turned the $ 3.3 resistance level into support. XTZ reached 50% of its target at the $ 3.9 target and set $ 4.5 as the new target. This means a 25% increase over current levels.

Beyond $ 4.5, XTZ could enter a price discovery phase with support targeting $ 6.3 and $ 9.2.

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