Sunday, October 1, 2023
HomeOpenseaOpenSea teases direct FIAT payments as competitor marketplace goes live

OpenSea teases direct FIAT payments as competitor marketplace goes live

reading NFT Marketplace OpenSea teases a strong user base of 500,000 with a mysterious tweet, revealing that direct fiat payments and profile customization will be “soon”.

OpenSea has released a new promotional video in a tweet. NFT Users can walk through the platform quickly and easily.

But what really NFT community eyes It was a follow-up tweet that revealed that the most requested feature of OpenSea will be released soon.

This move makes OpenSea the second major NFT A market that enables direct fiat money for digital artwork – a move that could make an already dominant market share almost unattackable to the rest of the competitors.

Gemini-Owned Nifty Gateway Currently only NFT A marketplace that offers direct FIAT payments in partnership with Gemini.

Like Gemini, FTX’s upcoming native marketplace We may also provide fiat money to NFTs because the exchange has the ability to process statutory deposits and payments.

Despite intensifying competition from Super rare When rare, OpenSea is still the dominant force NFT Sky.Platform is now close to October trading volume of $ 1 billion Already and Total number of unique users over time It peaked at an incredible 520k.

With the introduction of fiat money, new entrants can skip the difficult task of moving Ethereum (ETH) from the exchange to Web3. wallet afterwards, NFT – Processes that incur charges and costs that can often defer new entrants.

Introductory video and fiat money will be revealed hours after the launch of the competitor’s market Infiniti, Community-led decentralized marketplace NFT The masses.

The marketplace with the slogan “FTX of NFTs” was developed as an “alternative” to OpenSea and “more properly expressed and expressed.” NFT community”.

Most interestingly, Infinity reuses OpenSea smart contracts and doesn’t introduce new ones Smart contract Risk to consumers “.

This means that current OpenSea users will not pay gas Fees for listing NFTs as tokens and wallets have already been approved.

In a further bid to counter the lack of OpenSea utility tokens, Infinity Airdrop That native governance token $NFT..

Tokens give the owner direct control over the app and finances. DAO, Controlled by the user.

Disclaimer: The views and opinions expressed by the author should not be considered financial advice. We do not provide advice on financial products.


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