OpenSea Launches New NFT Trading Feature
OpenSea, one of the world’s largest web3 marketplaces for non-fungible tokens (NFTs) and crypto assets, recently announced a new NFT trading feature. This feature allows collectors to trade NFTs directly with each other and add WETH to enhance the deal. The goal is to provide a secure and seamless peer-to-peer NFT swapping experience.
Key Points:
- OpenSea’s new feature enables collectors to trade NFTs with each other.
- The trading feature is powered by the native protocol Seaport.
- Collectors can select up to 30 NFTs and specify the amount of WETH to add to the swap.
- NFTs on both sides of the deal must be on the same chain and from verified collections.
- Collectors only need to pay gas fees for the transfers, without any additional OpenSea fees or creator royalties.
OpenSea Faces Community Backlash
Despite the launch of this new feature, OpenSea has faced some backlash from the crypto community. Many argue that OpenSea should focus on providing value to the space rather than introducing innovations during a bear market. Some collectors feel that the timing is not ideal and that the NFT space needs stability and recovery before introducing new features.
Hot Take:
While some collectors are unhappy with OpenSea’s new feature, others believe that innovation is necessary, even during a bear market. It is important to strike a balance between providing value and introducing new features to drive growth in the NFT space.
Insa’s extensive background in the financial realm encompasses roles as a writer, trader, and personal finance coach. Her proficiency spans a wide spectrum, ranging from commodities and indices to forex and cryptocurrencies. Insa’s specialization lies in furnishing strategic investment advice tailored to the fintech investment niche.