OpenSea announces migration to Seaport protocol
The firm estimated that users can save 35% on gas fees with newly optimized transaction efficiency. On Tuesday, OpenSea, the most popular nonfungible tokens, or NFTs, marketplace by trading volume, announced that it was migrating to Seaport. Among many perks, the protocol says it will feature lower gas fees, the ability to make offers on entire collections, removal of new account initialization fees and more user-friendly signature options.As told by OpenSea, users would pay 35% less for gas fees when transacting on Seaport. Based on data from 2021, it would amount to an estimated $460....
Related News
On Tuesday, the leading non-fungible token (NFT) marketplace in terms of all-time sales, Opensea, announced it is migrating to Seaport, an open source Web3 marketplace protocol. Opensea says the Seaport protocol migration from the Wyvern protocol will cut network fees by 35%, and users will no longer have to pay an account initialization fee. Opensea Migrates From Wyvern to Seaport: ‘A Foundation to Empower the Developer Community’ Opensea is moving to the Seaport protocol in order to enhance the NFT marketplace experience for users. The Opensea development team details that....
“OpenSea does not control or operate the Seaport protocol — we will be just one, among many, building on top of this shared protocol,” said the platform. Nonfungible token marketplace OpenSea has announced the launch of a Web3 marketplace protocol for “safely and efficiently buying and selling NFTs.”In a Friday blog post, OpenSea said the marketplace protocol, dubbed Seaport, will give users the option to obtain NFTs by offering assets other than just payment tokens like Ether (ETH). According to the platform, a user “can agree to supply a number of ETH / ERC20 / ERC721 / ERC1155 items” in....
After a few days off, we’re back with a new Nightly Mint to give you a quick NFT recap. In the midst of market chaos, including the Celsius debacle, Coinbase layoffs, and swirling rumors of crypto VC firm’s downfall, NFTs have largely been left for the sidelines in the broader crypto conversation to start this week. That doesn’t mean that things have come to a screeching halt. The Nightly Mint Latest Mint: NFT Marketplace OpenSea Shifts To Seaport Protocol OpenSea has announced their shift from Wyvern to Seaport today, a protocol adjustment that will “significantly....
Bids and purchases are made unavailable to ensure that listings are protected until the migration completes. The week-long period that OpenSea gave users to migrate their nonfungible token (NFT) listings ends today. Following the deadline, the platform announced that some features on the site may not be available temporarily due to the migration.On Feb. 19, OpenSea pushed a new smart contract and urged users to start the migration of their NFT listings from the old contract to the new one. The NFT marketplace mentions that the upgrade brings new features such as bulk listings and more....
As a part of the planned upgrade, all OpenSea users will need to migrate their existing NFT listings to a new smart contract. OpenSea, one of the most popular nonfungible token (NFT) marketplace, has rolled out an upgrade to its smart contract, a proactive measure to weed out inactive listings on the platform.As a part of the planned upgrade, all OpenSea users will need to migrate their NFT listings — currently hosted over the Ethereum (ETH) blockchain — to the new smart contract. The new contract is live! Start migrating your listings now: https://t.co/W1w9ciCK2D— OpenSea (@opensea)....