Launching seaports and saving millions of community fees
Today, OpenSea is moving to seaports, a new Web 3 Marketplace protocol designed to securely and efficiently buy and sell NFT. Seaport is a game changer – it’s open source, inherently decentralized and has a modern foundation that will help us (and any team using it) to quickly create and publish new features.
We’re excited to be one of the first marketplaces to use it; And at launch, you’ll notice some big improvements to OpenSea:
- Significantly lower gas costs
- Ability to offer in a complete collection or in multiple items with specific features (attributes)
- New OpenSea users no longer have to pay an account opening fee (proxy deployment)
- It will be much easier to read and understand the signatures to confirm the action using your wallet For more information on ‘typed signature requests’, please see our Help Center article.
Cheap transactions
You will Save approximately 35% of gas fees for transactions using seaports. Based on last year’s data, this total savings will be over 60 460m (138k on ETH)! * Also, new users will not have to pay a one-time setup fee (proxy setup) to use OpenSea. By simply removing the setup fee, the OpenSea community can save about $ 120m per year (35k on ETH).
The seaport is designed to be more gas efficient and flexible than other Web3 marketplaces. The protocol developers worked together to optimize transaction efficiency. Here is a table summarizing some gas savings for different types of transactions.
To see lower gas fees when selling or transferring NFT, you must approve collections (token address) – But it is a one-time cost per collection, and will not be affected by any existing inventory transfers.
Collection offer (by attribute)
Seaports allow us to quickly create new features that were previously impossible.
From today, you can offer collections, which offer all items in a collection. You can also offer features, offered in a group of items with specific features. To get started, feature offers will only be available for the top 100 collections (by 30-day volume on OpenSea).
We also now show% rarity, floor price, and maximum offers – all filtered by feature, so you have better information to determine how much to offer. In the future, we plan to allow creators to choose collection offers with attributes but this is still under development.
Coming soon 
Thanks to Seaport, we’ll be able to quickly introduce new features – such as bulk lists – that will allow you to purchase multiple NFTs in a single transaction. Real-time creator fees will be available for multiple recipients. Creators will be able to determine their fee on-chain based on each item with multiple payout addresses.
We’re always looking for new ideas to enhance the OpenSea experience, so join the community at Discord or follow us on Twitter and Instagram if you would like to share your thoughts. And if you’re interested in creating new and innovative features for future NFT empowerment, we’re hiring across the board.
We are excited about the journey ahead, and we hope you will join us. It’s time to build.
* Successful purchases paid for proxy deployment transactions on OpenSea from May 2021 to May 2022 are estimated to add 35% savings to the gas fee and total gas fee of the transaction.
The post appeared on the first OpenSea blog to launch seaports and save millions of community fees.
https://ift.tt/QX5q3tC
Post a Comment
Post a Comment