Friday, November 22, 2024
HomeNFTOpenSea has a new marketplace protocol called Seaport

OpenSea has a new marketplace protocol called Seaport

OpenSea, a popular NFT marketplace, has just developed a new protocol for buying and selling NFTs called Seaport. The company verified the revelation in a blog post, which was initially revealed by an address linked to OpenSea on Etherscan earlier Friday.

The Seaport protocol enables users to acquire NFTs in a variety of innovative ways. Seaport users can package many assets in exchange for an NFT, although currently just crypto can be exchanged for an NFT.
Today, other applications, such as SudoSwap, which allows users to barter for NFTs, provide this capability. However, this feature is currently not built into OpenSea.
People can now bid on certain features from a collection on Seaport. This is for situations where the bidder is unconcerned about the type of NFT they receive as long as it has the trait they’re seeking. Users who collect happy NFTs can, for example, bid on any smiling Bored Ape in the collection.
Tipping will now be permitted in the marketplace.

OpenSea stated the following:

When fulfilling a listing, a fulfiller may include additional consideration items as long as they do not “tip” more than the original offer. Alternative interfaces can now charge their own fees.

The protocol is not controlled by OpenSea, which positions it as a shared and open resource for developers.

Read more: OpenSea NFT onboards 5,000 MetaShips in MetaMetaVerse collection

Kunal Krishan
Kunal Krishan
Kunal is an investment space writer who firmly believes investment is something which should not be a choice but a part of everyone's life.
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