OpenSea launches 'Seaport' ​​marketplace protocol allowing NFT bartering

2 years ago

“OpenSea does not power oregon run the Seaport protocol — we volition beryllium conscionable one, among many, gathering connected apical of this shared protocol,” said the platform.

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OpenSea launches 'Seaport' ​​marketplace protocol allowing NFT bartering

Nonfungible token marketplace OpenSea has announced the motorboat 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, volition springiness users the enactment to obtain NFTs by offering assets different than conscionable outgo tokens similar Ether (ETH). According to the platform, a idiosyncratic “can hold to proviso a fig of ETH / ERC20 / ERC721 / ERC1155 items” successful speech for an NFT, implying bartering a operation of tokens arsenic a method of payment.

In addition, SeaPort users tin specify which criteria — e.g. definite traits connected NFT artwork oregon pieces portion of a postulation — they privation erstwhile making offers. The level volition besides enactment tipping, arsenic agelong arsenic the magnitude does not transcend that of the archetypal offer.

“OpenSea does not power oregon run the Seaport protocol — we volition beryllium conscionable one, among many, gathering connected apical of this shared protocol,” said the NFT marketplace. “As adoption grows and developers make caller evolving use-cases, we are each liable for keeping each different safe.”

Introducing Seaport, a marque caller web3 marketplace protocol for safely and efficiently buying and selling NFTs.

With an accent connected flexibility and optimizations, Seaport has been built to enactment caller and evolving use-cases for wherever NFTs are heading.https://t.co/3lUQIQm0km

— OpenSea (@opensea) May 20, 2022

Some connected societal media seemed to explicit disorder implicit concepts successful the caller marketplace protocol. Twitter idiosyncratic EffortCapital called for others to analyse however Seaport compared to 0x v4 NFT swaps, portion idiosyncratic phuktep questioned however trading some NFTs and ETH for a azygous token would beryllium declared connected taxation forms.

So with seaport you tin connection an NFT for an NFT… fundamentally bartering? If I’m knowing correct.

Say I privation to acquisition a Bored Ape I could connection 30 ETH a Mutant and a Cool Cat alternatively of conscionable purchasing it via opensea?

— Cloud (@CloudNFT_) May 20, 2022

Related: 5 NFT marketplaces that could topple OpenSea successful 2022

The motorboat marketplace protocol followed OpenSea announcing successful April it had acquired NFT marketplace aggregator Gem, aiming to amended the acquisition of seasoned users. The level said astatine the clip that Gem would run arsenic a stand-alone product, with OpenSea readying to integrate Gem features including a postulation level terms sweeping instrumentality and rarity-based rankings.

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