By: Aadil Mamujee
In June 2022, OpenSea introduced Seaport, a new, open-source, web3 marketplace protocol for safely and efficiently buying and selling NFTs (Non-Fungible Tokens).
Launched first on Ethereum, Seaport has helped create a better, more feature-rich experience for our community, while lowering the cost to use web3 marketplaces, like OpenSea.
After several months of observing Seaport’s impact and collecting valuable feedback, OpenSea are excited to introduce Polygon support on Seaport. In the coming months, they will be adding support for Klaytn and other EVM-compatible chains as well.
Previously, Polygon on OpenSea was powered by the 0x protocol. And now, by moving Polygon over to Seaport, OpenSea are consolidating their infrastructure to provide a more stable buying and selling experience that matches other chains. The move will also allow them to ship new features across all EVM-compatible chains faster.
With Polygon now supported on Seaport, OpenSea are excited to launch several new features that will make the buying and selling experience with Polygon even better: Here’s what you can expect:
No listing thresholds: You can now list and buy Polygon NFTs at any price; they have eliminated the $5 minimum. There will now be a $1 minimum on offers to help prevent low-intent offers.
Native token support: Buyers and sellers can list and transact in MATIC, Polygon’s native token.
Multiple creator fees: Creators can specify up to 4 payout addresses to be paid out in real-time.
Collection & attribute offers: The vast majority of Polygon NFT collections will have collection offers (offers on every item in the collection) available. Creators can also enable attribute offers (offers for all items in a collection that match the requested attribute).
English and Dutch auctions: Sellers will be able to run English (ascending bid) auctions and Dutch (descending bid) auctions.
List as bundles: Sellers can list Polygon NFTs as bundles that can be purchased together.
Purchasing for another wallet: Buyers can purchase for another wallet – e.g., a gift for a friend or a hardware or multisig wallet.
Bulk Transfers: Users can transfer multiple Polygon NFTs to the same wallet in a single transaction.
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.
Disclaimer: The information provided on this page does not constitute investment advice, financial advice, trading advice, or any other sort of advice and it should not be treated as such. This content is the opinion of a third party, and this site does not recommend that any specific cryptocurrency should be bought, sold, or held, or that any crypto investment should be made. The Crypto market is high-risk, with high-risk and unproven projects.
Readers should do their own research and consult a professional financial advisor before making any investment decisions.
