OpenSea issued a document saying that it is migrating to the new protocol Seaport

On June 15, Beijing time, OpenSea announced on its official blog that it is migrating to Seaport, a new web3 marketplace protocol that aims to safely and efficiently buy and sell NFTs.

The article said that Seaport will be a game-changer, the protocol is open source, decentralized, and can help OpenSea or any team that uses it to build and release new features faster.

After the protocol is released, OpenSea will have the following changes:

Significantly reduces gas costs

Ability to offer quotes for entire collections or multiple items with specific attributes (characteristics)

New OpenSea users will no longer have to pay account initialization fees (agent deployment)

Using the wallet to confirm the operation’s signature will be easier to read and understand.

cheaper deal

It is estimated that trading with Seaport can save about 35% in gas fees. According to data from OpenSea last year, more than $460 million (138,000 ETH) will be saved.

And the key point is that new users can use OpenSea without paying agent deployment fees. Annual savings of nearly $120 million (35,000 ETH) are expected.

Seaport protocol developers work in the Assembly virtual machine to optimize transaction efficiency. The table below summarizes the gas savings for different types of transactions.


Posted by:CoinYuppie,Reprinted with attribution to:
Coinyuppie is an open information publishing platform, all information provided is not related to the views and positions of coinyuppie, and does not constitute any investment and financial advice. Users are expected to carefully screen and prevent risks.

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