OpenSea's integration with Polygon's layer-2 blockchain is a major coup for the Web 3 protocol Seaport. With this move, OpenSea bolsters its position as the leading NFT marketplace, and gives users the ability to pay with MATIC, one of the most popular cryptocurrencies on the market. This is a big win for the Seaport protocol, and is sure to attract even more users and developers to its growing ecosystem.
- In a blog post on Tuesday (August 30, 2022), OpenSea said that the migration of Polygon to Seaport, with the blockchain formerly powered by the Ox protocol, will enable more features for a robust buying and selling experience using Polygon. OpenSea believes that this migration will bring a number of benefits to users, including improved security, increased speed, and more features. With Seaport, users will be able to take advantage of Polygon's powerful ecosystem of apps and services.
- The new features on Polygon will make it an even more attractive platform for cryptocurrency trading. Bulk transfers and multiple creator fees will make it easier for users to trade, and the absence of listing thresholds will allow for more diverse trading. The ability to list and transact using Polygon's native token, MATIC, will also make it easier for users to trade on the platform.
“As part of the shift to Seaport, OpenSea now supports using MATIC, Polygon’s native token, as a payment option. Anyone transacting on Polygon using OpenSea will now be required to pay for their own gas fees for transacting using MATIC.”
- The NFT marketplace giant OpenSea is moving to Seaport for cheaper transactions. According to OpenSea, users will save around 35% on gas with Seaport. Also, new accounts will no longer pay a one-time setup fee.
- The team behind the popular cryptocurrency trading platform OpenSea is looking to add support for Klaytn and Ethereum Virtual Machine (EVM) compatible blockchains. This move could help to increase the number of blockchain-based applications and games that are able to use the OpenSea platform, and ultimately make it easier for users to trade digital assets.
“After several months of observing Seaport’s impact and collecting valuable feedback, we’re excited to introduce Polygon support on Seaport. In the coming months, we will be adding support for Klaytn and other EVM-compatible chains as well.”
- The current crypto winter and the collapse in NFT prices have affected OpenSea. As previously reported by CryptoPotato, data from DappRadar showed that the platform’s trading volume plummeted 99% from its peak in May. This is a difficult time for the company, but it is hopeful that things will turn around soon. The team is continuing to work hard to improve the platform and make it the best place to buy and sell NFTs.
OpenSea, the popular digital marketplace for buying and selling digital collectibles, has announced support for Polygon (formerly Matic Network). This means that users will now be able to trade their NFTs on OpenSea using the Polygon network, which should result in faster and
