OpenSea launches new Seaport protocol for NFT Marketplaces Se | News | Crypto | NFT

OpenSea launches new Seaport protocol for NFT Marketplaces

Seaport will help decentralize NFT trading, add barters for NFT and significantly affect the JPEG market.

6 key points

Open source code
Anyone can integrate the protocol into the NFT platform. This stimulates competition and increases the quality of products.

Decentralization
OpenSea writes that the protocol has no owner. Anyone can fork it, update it and use it for their own purposes.

Extended Trading
Now it is possible to sell NFT only for ETH + a pair of tokens (APE, DAI).

With the help of Seaport, it will be possible to exchange NFT for ERC-20 tokens, directly for NFT, or even for NFT+ tokens.

Special criteria for bidding
Let's say you want to exchange your Azuki only for a golden BAYC. You set the criteria and only wallets with gold BAYC will be able to make a trade.

Dutch auction
The protocol will allow you to create a Dutch auction for your NFT. Choose the starting and ending prices and wait for someone to buy.

Find the bug and get $
OpenSea launches a two-week program to audit a smart contract with a prize fund of $1 million.

At a distance, this is changing the NFT industry. New trading mechanics are emerging, open source encourages the development of products. All this is similar to the DeFi summer that began after the launch of Uniswap with open source.

However, do not forget about the macroeconomic and geopolitical situations that play into the hands of the bears.

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