- OpenSea, announced the integration of the decentralized Ethereum scaling platform, Polygon, through Seaport and now the NFT market will accept MATIC as a payment option.
- OpenSea announced that the platform will support Polygon through Seaport with the goal of “improving everyone’s experience at OpenSea”.
- Seaport contributes to a significant reduction in gas costs by approximately 35% and they estimate that they are saving more than US$460 million per year.
August 30th OpenSea, the largest non-fungible token (NFT) market by volume, ad the integration of the decentralized Ethereum scaling platform, polygonal, through Seaport.
In May 2022, OpenSea announced the launch of a new Web3 marketplace protocol to buy and sell NFTs more securely and efficiently called Seaport and in June, the platform announced the switch from the Wyvern protocol to Seaport.
According to OpenSea, Seaport contributes to significantly lower gas costs by approximately 35%. In fact, they estimated that they would besaving more than $460 million US dollars a year. This change specifically came about with the goal of avoiding high gas fees on Ethereum.
Unsurprisingly, Seaport was first launched on Ethereum, and since then the platform has seen how it has improved the user experience, while also reducing the cost of interacting with Web3.
Seaport now supports Polygon
Polygon is a Layer-2 or “Sidechain” solution that runs alongside the Ethereum blockchain but allows for faster transactions and lower fees. MATIC is the native token of said blockchain.
Now OpenSea announced that the platform will support Polygon through Seaport with the goal of “improving everyone’s experience at OpenSea”.
“DAfter several months of observing Seaport’s impact and gathering valuable feedback, we are pleased to introduce Polygon Support”, said OpenSea in a publication blog.
Prior to implementation, Polygon was running on OpenSea with the 0x protocol and the move involves a new buying and selling infrastructure for OpenSea users. In particularthe change will provide a “More stable buying and selling experience that matches other chains. Also, it comes with some exciting new features”, Polygon explained.
Some of the new features you can look forward to are:
- Users will now be able to shop and transact on MATIC.
- Multiple payment addresses
- Collection Offers and Attributes.
- No listing thresholds, meaning you can list and buy an NFT on Polygon at any price starting at $1. Previously there was a minimum price of $5 US dollars.
- They will be able to buy for another wallet, that is, as a gift.
- Users will be able to transfer multiple Polygon NFTs to the same wallet in a single transaction, and much more.
One of the most important features mentioned above is that now the leading NFT market will accept MATIC as a payment option And it doesn’t end here, OpenSea has also communicated its intentions to add support for Klaytn and other EVM compatible blockchains in the coming months.
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