OpenSea Launches ‘Seaport’ Marketplace Enables Barter-Based NFT Exchanges

Widely known NFT marketplace OpenSea has announced the release of the NFT web3 marketplace protocol for “safe and efficient buying and selling of NFTs.”

OpenSea said in a blog post on Friday that a market protocol called Seaport would give users the option to earn NFTs by offering assets other than the payment-based coin Ethereum (ETH). )

According to the platform, users “can agree to use a number of ETH / ERC20 / ERC721 / ERC1155-supported coins” in exchange for the NFT itself. payment

Additionally, SeaPort users can specify certain characteristics on NFT artwork or collection pieces that they will need when making an offer on the platform. not more than the original offer

“OpenSea does not control or operate the Seaport protocol, we are just one of many built on top of this shared protocol.”

OpenSea said

“With more adoption and developers creating use cases that have evolved by leaps and bounds. We all have a responsibility to keep each other safe.”

some patients on social mediaseemwill show some confusion about the concept of the new market protocol. Twitter user EffortCapital claimHave someone else check how Seaport compares to 0x v4 NFT swaps which one is better?

while phuktep user ask questionsHow will NFT and ETH trades as individual tokens be declared on the tax form?

The market protocol was launched after OpenSea announced in April that it was acquiring Gem, an NFT marketplace with the goal of improving user experience.

OpenSea said that while Gem will operate as a stand-alone product, OpenSea plans to integrate Gem’s features, including sequential. Collections are based on floor prices and are ranked by rarity.

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