“The Seaport protocol is not under the control or management of OpenSea, and we will be just one of many to build on this shared protocol.”
NFT marketplace OpenSea has announced the launch of a Web3 marketplace protocol to “buy and sell NFTs securely and efficiently.”
In a blog post on Friday, OpenSea stated that the marketplace protocol Seaport will give users the option to buy NFT by offering assets other than payment tokens such as Ether (ETH). According to the platform, a user can “agree to offer a range of ETH / ERC20 / ERC721 / ERC1155 products” in exchange for an NFT, meaning exchanging a token combination as a payment method.
SeaPort users can also specify their wishes when bidding, such as specific features on NFT artwork or parts of a collection. The platform also supports tipping as long as the amount does not exceed the amount of the original offer.
The NFT marketplace states, “The Seaport protocol is not under OpenSea’s control or management, and we will be just one of many to build upon this shared protocol. As Seaport adoption grows and developers create new use cases, it will be our responsibility to keep each other safe.”
Some folks on social media seem confused about the concepts in the new marketplace protocol. Twitter user EffortCapital asked to investigate how Seaport compares to 0x v4 NFT exchanges, while user phuktep questioned how to declare both NFT and ETH transactions for a single token on tax forms.
This new development comes after OpenSea announced in April that it has acquired the NFT marketplace aggregator Gem, which aims to improve the experience of experienced users.
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