Monday, October 2, 2023
HomeOpenseaOpenSea Adds Polygon Support to Expand Features, Accept MATIC

OpenSea Adds Polygon Support to Expand Features, Accept MATIC

OpenSea, the #1 NFT Marketplace by volumetoday announced the integration of its Layer 2 scaling solution polygon in it seaport Protocol implementation.

“Starting today, we will be using Seaport for all new Polygon listings and offers!” OpenSea tweeted. “We are excited to start using Seaport on multiple blockchains to improve the experience for all OpenSea users.”

OpenSea from Wyvern protocol in June seaportis an open source marketplace protocol audited by Web3 security company OpenZeppelin and Trail of Bits. At the time, OpenSea said the move to OpenSea would save him $460 million in total annual fees.

This change was made to avoid high Ethereum gas fees, make the signature verification action easier to read, and eliminate the need for new users to pay account initialization or setup fees.

“After several months of observing Seaport’s impact and gathering valuable feedback, we are pleased to introduce polygon support,” said OpenSea. blog post“In the coming months, we plan to add support for Klaytn and other EVM compatible chains as well.”

OpenSea says using Seaport with Polygon can launch several new features with Polygon, including collection and attribute offers, no listing thresholds, payments to multiple creators, and bulk transfers.

Perhaps the most significant new feature is the ability to be listed and purchased on OpenSea using the Polygon network’s native token, MATIC.

“As part of the transition to Seaport, OpenSea now supports the use of Polygon’s native token, $MATIC, as a payment option,” continued OpenSea. “People who use OpenSea to trade on Polygon will have to pay their own gas fees for trading using $MATIC.”

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