The leading NFT marketplace, OpenSea, has introduced its new Web3 marketplace protocol dubbed ‘Seaport’ for safely and efficiently buying and selling NFTs.
In its blog post, OpenSea mentioned that 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 exchange for an NFT.
Basically, users can barter a combination of tokens as a method of payment.
Along with bartering NFTs using a combination of assets, users can participate in collection bids as well. Moreover, Seaport users can specify which criteria NFT artworks must fulfill while making offers.
This means that in exchange for their tokens, users can demand specific traits in NFT artwork or pieces from a collection. The platform will also support tipping, provided the amount does not exceed that of the original offer.
NFT marketplace also stated that OpenSea does not operate or control the Seaport protocol. The protocol is inherently decentralized with no contract owner, upgradeability, or other special privileges.
Seaport is just one amongst the many that are built on top of this shared protocol. While developers create new evolving use-cases with growing adoption, the platforms must support each other, it added.
OpenSea has been expanding its reach by striking deals with other platforms and as we can see, this time it has launched one new platform altogether. Previously, Opensea had acquired NFT Aggregator Gem for serving more experienced, “pro” users, and also to add more flexibility and choice for people at every level of experience.
