NFT News: OpenSea Launches New Marketplace Protocol Dubbed ‘Seaport’

NFT News – OpenSea, a Popular NFT marketplace just launched a new marketplace protocol to buy and sell NFTs. 

iexclusivenews reports that the company verified the news in a blog post, which was initially disclosed by an address linked to OpenSea on Etherscan earlier Friday.

This online news outlet understands that 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.

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Steven Zheng, director of research at The Block stated. For example, “say you own a 40 ETH doodle and you want a 100 ETH ape. You can offer your doodle NFT and 60 ETH.”

Today, other applications, such as SudoSwap, which allows users to barter for NFTs, provide this capability. However, this feature is currently 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 for.

Users who collect happy NFTs, for example, can bid on any smiling Bored Ape in the collection.The marketplace will also now allow tipping.

“A fulfiller may include additional consideration items when fulfilling a listing as long as they do not “tip” more than the original offer,” said the statement from OpenSea. “This allows alternative interfaces to include their own fees.”

However, iexclusivenews Nigeria reports that OpenSea doesn’t control the protocol. Positioning it as a shared and open resource for developers.