Opensea's protocol makes user experience more convenient

Janak9955

It's widely known that the most popular marketplace for NFTs is Opensea, and they have recently introduced a brand new marketplace protocol. This is some hot news, specifically for buying and selling NFTs.

This news first appeared on the 20th and was linked to Opensea's address on Etherscan, which is an Ethereum blockchain explorer, and it was confirmed in a company blog post. The protocol is called Seaport, which allows users to acquire NFTs in a range of new ways. Bidders using Seaport can collateralize different assets to trade for NFTs, unlike the current practice where only cryptocurrencies can be used to exchange NFTs. According to Steven Zheng, the Research Director of The Block, "Suppose you have a doodle worth 40ETH, and you want an api worth 100ETH. You can offer your doodle NFT and 60ETH."

Furthermore, Opensea provides a SudoSwap tool that allows users to trade NFTs through a barter system. Seaport still allows people to bid on specific attributes within collectibles. This is to ensure that bidders don't mind what kind of NFT they receive, as long as it has the specific features they are looking for. For instance, a user collecting NFTs with smiles can bid on any "boring ape" with a smile. However, Opensea has also made a statement saying, "As long as their 'tip' doesn't exceed the original asking price, performers may include additional consideration items when executing the listing. This allows alternative interfaces to incorporate their own fees."

Currently, Opensea positions itself as a protocol that is not controlled but rather as a shared and open resource for developers.