menuIcon
$ 94,586.7
BTC
$ 94,586.7
-0.17 %
$ 1,770.56
ETH
$ 1,770.56
-2.53 %
$ 0.6576
ADA
$ 0.6576
-0.73 %
$ 597.89
BNB
$ 597.89
-0.26 %
$ 143.85
SOL
$ 143.85
-1.93 %
Jafrin Ahmed
May 21, 2022
by Jafrin Ahmed

OpenSea Launches New NFT Marketplace Protocol ‘Seaport’

OpenSea Seaport protocol
OpenSea announced a new NFT marketplace protocol, Seaport, for “safely and efficiently buying and selling NFTs.” While the marketplace will be building Seaport on its platform, the protocol is not just for OpenSea but for all builders, creators and collectors of NFTs.

Bartering NFTs Using Combined Assets

In a Friday blog post, OpenSea said that the upcoming marketplace protocol called Seaport, will give users the option to buy NFTs by offering assets other than Ether (ETH).

On platforms built using Seaport, users can agree to offer ETH / ERC20 / ERC721 / ERC1155 items in exchange for an NFT, implying bartering a combination of assets.

This means that bidders can acquire NFTs using a combination of different assets instead of a single cryptocurrency like ETH. For instance, users can offer a combination of NFTs and cryptocurrencies that totals the value of the NFT that they are looking to acquire.

Filtering NFTs by Traits

Seaport also allows people to filter NFTs collections by traits, enabling them to purchase NFTs featuring their preferred trait.

Offerers can also combine partial fills of offered items with criteria-based items to create standing offers to buy or sell multiple NFTs that all share a given characteristic.

The protocol will also support tipping, as long as the amount does not exceed that of the original offer.

Follow us on: News
OpenSea Seaport Seaport protocol Seaport NFT
OpenSea Launches New NFT Marketplace Protocol ‘Seaport’
Jafrin Ahmed
Jafrin is a cryptocurrency journalist/researcher fascinated by the world of decentralization. She is hopeful towards blockchain’s innovation and its potential to reshape the world for good. Currently, she is bringing out the best of cryptosphere via covering the latest ins and outs of the blockchain space.

Top Picks