As reported by BTC PEERS , the open-source, web3 marketplace protocol would allow OpenSea users to save up to 35% on Ethereum gas fees Despite the fact that investors have suffered significant losses, several DeFi sectors have prospered in 2022. Seaport is a marketplace protocol for safely and efficiently buying and selling NFTs. 22.05.2022 Non-fungible token marketplace OpenSea announced launching its new marketplace protocol, Seaport, for safely and efficiently buying and selling NFTs. Furthermore, the Seaport marketplace protocol will also enable its users to obtain NFTs using various assets other than crypto. OpenSea-Seaport. Each listing contains an arbitrary number of items that the offerer is willing to give (the "offer") along with an arbitrary number of items that must be received along with their respective receivers (the "consideration"). To get the word out and reward the community, we want your help, Alturians! https://t.co/3lUQIQm0km OpenSea (@opensea) May 20, 2022 Editors Choice . The artist can enhance the NFTs real-world worth by creating unlockable content outside of the digital token. The OpenSea NFT market has had exceptional success in the crypto red markets. Editors Choice . However, one can opt for a timed auction, a particular kind of English auction in which an NFT is up for bid for a predetermined length of time, with the highest bidder winning at the end. Also, removing fees charged for setting up would see more than $120 million shaved off. We participate in marketing programs, our content is not influenced by any commissions. Every artist has their own personal preferences: Some choose to be publicly visible, while others like to remain anonymous. In May, OpenSea launched a new protocol dubbed Seaport, which allows users to place bids on NFTs using ERC-20 tokens and ERC-721 tokens. Then, research the ways to sell NFTs. Early in 2021, markets for nonfungible tokens (NFTs) started to gain some notoriety, and by the end of March 2021, this new market for digital assets had a total lifetime traded volume of about $550 million. OpenSea will also allow users to buy as many NFTs as they want and pay for them in a single transaction. NFTs can be sold utilizing two most common methods: at a fixed price or an auction, where nonfungible tokens are offered for sale on the open market. Aside from those, the platform seems to be doing well as the price of transactions has steadied over the last few weeks. Follow their code on GitHub. Seaport is a marketplace protocol for safely and efficiently buying and selling NFTs. The NFT badge feature in Twitter allows holders to verify ownership of their NFTs, showing a hexagonal profile picture. OpenSea will provide multichain development support for BitKeep to migrate its NFT Market protocol to Seaport. You can save an estimated 35% in gas fees for transactions using Seaport. BNB Chains integration into the Seaport Protocol aims to provide BNB Chain creators with multiple creator payouts, real-time payouts and collection management. OpenSea-Seaport implementation ClientSide Development If you have questions or need any help, Message me here: @cybergeek OpenSea-Seaport is a brand new, open-source, web 3.0 marketplace protocol that enables buying and selling of NFTs safely and efficiently . Come again next Wednesday for more reports and insights into this actively evolving space. BNB Chain fue creada por Binance para operar como una red de blockchain centrada en la Web 3.0 y alimentada por el token interno del exchange, BNB ( BNB ). And, proof-of-concept is evidence that intends to assess an ideas viability or confirm that it will work as intended. The essential tech news of the moment. According to OpenSea, traders will also be excused from paying the usually mandated initialization fees with more perks in terms of signature coming soon. This follows OpenSea's announcement of a similar tool back in November. The protocol, dubbed Seaport, allows users to acquire NFTs in a range of new ways. Despite the fact that investors have suffered significant losses, several DeFi sectors have prospered in 2022. Seaport is an open-source decentralized protocol. Solidity 1,663 MIT 419 14 17 Updated Dec 6, Seaport Order Validator provides a simple method for validating and diagnosing Seaport orders Solidity 38 MIT 2 0 0 Updated Nov 22, 2022. Other costs involve minting costs that may vary with the fluctuating gas fees, marketplace fees for minting or listing nonfungible tokens, selling fees charged by NFT marketplaces and the cost of marketing nonfungible tokens. According to statistics, the amount charged for gas on Ethereum has drifted below $100 for the first time in weeks compared to the over $100 that is usually charged. That said, the floor price for an NFT project rises as it gains popularity. Subscribe to theNFT Lately newsletterto receive news covering the latest NFT-related drops, releases, reviews and more. About Our Coalition. Using a zero code tokenization platform like TokenMint might be an alternative option for those with a non-software development background. According to the biggest NFT marketplace in the sector, the protocol will provide platform users with some of the best range of services. Then, holders who list their work on a secondary market, once the minting procedure is complete, set the floor price. OpenSea operated on the less-efficient Wyvern protocol prior to the migration. Attribute Offers are also now a thing. According to the biggest NFT marketplace in the sector, the protocol will provide platform users with some of the best range of services. Community members criticized the marketplace for having unclear messaging, urging the platform to clarify its stance on creator fees. Users are expected to save roughly 35% on gas fees when doing transactions on OpenSea. According to Alexander, helping artists gain an understanding of the space remains a big challenge, as people are naturally hesitant to get into a nascent industry that is evolving rapidly. Any digital asset can be an NFT including collectibles, artwork, video game characters, virtual world objects and digitized sports.. Additionally, new users on OpenSea will not have to pay a large setup fee as previously required to begin selling on the platform. But, how hard is it to sell an NFT? For this sale, OpenSea charged a 5.5% fee, including a 3% creator fee and a 2.5% service fee. Asides from reduced transaction fees, the platform has also hinted that users will be able to buy out an entire collection instead of pieces of it. Jun 15, 2022. We estimate the new contract will save $460 million in total fees each year, OpenSea tweeted. OpenSea will also add a feature that will allow NFT collections to have more than one wallet address for sales and royalty payouts. 2022 Benzinga.com. Attribute Offers are currently only available for the top 100 collections by 30-day volume. U.S. sports platform Fanatics has raised $700 million in a new financing round led by private equity firm Clearlake Capital, valuing Fanatics at $31 billion. La integracin con Seaport Protocol permitir a los usuarios comprar, publicar e intercambiar NFT de BNB Chain en OpenSea. For NFTs, unlockable content creates utility for owners. Popular NFT marketplace OpenSea just launched a new marketplace protocol to buy and sell NFTs. SeaPort OpenSeas New Protocol for Saving Time and Money By Leah Alger August 16, 2022 Last Updated: August 26, 2022 Share This Post OpenSea users can save more than $120 million (35K ETH) per year thanks to new protocol Just two days ago, OpenSea s new protocol, Seaport, was launched for safely and efficiently purchasing and selling NFTs. Along with saving users gas fees, the new protocol will also offer new tools for OpenSea users. In order to raise the floor price of an NFT, make some consistent sales to establish a proof-of-concept.. Cointelegraph Historical collection is live: Mint the biggest crypto news stories now! What is total value locked (TVL) in crypto and why does it matter? Coral Cube Pros and Cons of Solanas NFT Aggregator, Blockchain Bandicoot: Retro NFTs With Real-World Value, Author Tim Ferriss Cockpunch NFT Collection Saw $4.7M In 24H Volume, Coinbase Puts Bored Ape Movie Trilogy on Hold, What You Need to Know About This NFT Market Crash, NFT Company, Wanderers, Raises $2M From Investors Including Animoca Brands, Ledger Launches Stax, a New Hardware Wallet for NFTs: What You Need to Know, Coming Soon: Opera Crypto Browser to Enable NFT Minting in Real-Time, What is NFT Staking? Today, we're officially moving to the Seaport protocol! The underbanked represented 14% of U.S. households, or 18. OpenSea made the switch to Seaport Protocol in June. Those who have a checking or savings account, but also use financial alternatives like check cashing services are considered underbanked. The benefits of the secondary marketplace switching to this brand spanking new protocol include: So, lets learn about the advantages of this very new protocol: Developers behind OpenSeas new protocol useAssemblyto optimize transaction efficiency. OpenSea also mentioned that it does not hold control over the protocol as it is just building on it. The migration was implemented to tackle high Ethereum gas fees and bypass the need for new users to pay an account initialization or setup fee. BNB Chain's integration into the Seaport Protocol aims to provide BNB Chain creators with multiple creator payouts, real-time payouts and collection management. He is a seasoned writer who has written tons of articles about cryptocurrencies and blockchain. Users are now able to swap crypto on "We're delighted to begin leveraging Seaport across multiple blockchains, including BNB Chain, to better the OpenSea experience for everyone. Technology's news site of record. Visit Benzinga's Crypto Homepage - 1,000,000+ depend on Benzinga Crypto every month, Bored Ape Yacht Club NFT Sells For Record ETH Amount: Big Bet Or Marketing Play?. Seaport - New Barter System For NFTs Reasons include ensuring fees are more gas efficient and flexible compared to other Web3 marketplaces. Too often, great ideas and memories are left in the digital realm, only to be forgotten. Following the pushback, the NFT platform decided to finally enforce royalties on all collections. Prop 30 is supported by a coalition including CalFire Firefighters, the American Lung Association, environmental organizations, electrical workers and businesses that want to improve Californias air quality by fighting and preventing wildfires and reducing air pollution from vehicles. OpenSea has announced that it is moving its services to the Seaport protocol. BNB Chain fue creada por Binance para operar como una red de blockchain centrada en la Web 3.0 y alimentada por el token interno del exchange, BNB ( BNB ). The collection is being sold for 8,000 Ether (ETH), which is around $10 million at the time of writing. Leading NFT marketplace OpenSea launched Seaport, an open-source and decentralized Ethereum protocol optimized for NFT transactions. Additionally, a dutch auction is another option available; it is a decreasing-price auction in which the price keeps declining until your NFT is purchased. Binance (CRYPTO: BNB) Chain will incorporate its non-fungible tokens (NFT) onto NFT marketplace OpenSea's Seaport protocol. Why quantum computing isnt a threat to crypto yet, NFT marketplace that's built for artists reports blockbuster sales for first week, OpenSea launches Seaport marketplace protocol allowing NFT bartering, Industry exec explains why NFT fraud protection falls on brand and not marketplaces, Sam Bankman-Frieds parents no longer on the Stanford Law School roster, Ethereum and Litecoin make a move while Bitcoin price searches for firmer footing, Bitcoins boring price action allows XMR, TON, TWT and AXS to gather strength, SBF tried to destabilize crypto market to save FTX: Report, Abnormal token price movements on Binance not hack-related, confirms CZ, Click the Profile button in the top right corner of the OpenSea page, as shown in the image below., Choose the nonfungible token from your wallet that you want to sell, or learn. The response has two fields: listings and an optional next cursor in case the number of active listings is greater than our default page size (100). OpenSea has announced that it is moving its services to the Seaport protocol. OpenSeas Seaport Protocol onboards creators and NFT holders on BNB Chain . A pop-up confirmation will indicate that your item has been listed for sale. Seaport Seaport is a decentralized Ethereum NFT marketplace protocol that allows users to swap NFTs for ETH, ERC20 altcoins and stablecoins, and other Ethereum NFTs. To make a reputation in the NFT industry, one needs to market their artists name to the masses via different mediums such as Twitter, Discord and Telegram to familiarize people with the artistic journey. So, what does this mean for Openseas users? This article will discuss how to price NFTs with profitability, what makes NFTs floor price go up, how to know if your NFT is valuable or not and how much you should charge for an NFT. NFTs have become popular in the market following the mad rush it witnessed two years ago. From now on, you can make Collection Offers, which are offers on all items in a collection. By doing so, fees will lower, and creators can define their prices on-chain through a per-item basis using more than one payout address. And dont forget this weeks Nifty News featuring Nikes Dot Swoosh NFT platform. Ledger, a digital asset security company, has announced the Alteon Launchpad assists Opera Crypto Browser to enable NFT NFT staking is a relatively new concept in the NFT Newsletter: News, Releases, Updates, and More. Alternatively, an attractive website listing your NFT collection with an accurate description will indicate genuineness to the community and help convert website visitors to actual buyers. The first step to successfully selling and pricing your NFTs is to understand the industry, blockchains used in NFT development, marketplaces for nonfungible tokens, common types of NFTs already sold by artists in the space and their typical price range. Weve done the legwork and spent countless hours on finding innovative ways of creating high-quality prints on just about anything. OpenSea said the move could save users around 35% on gas. Users can essentially barter their NFTs for any combination of assets they desire. Weve spent the last decade finding high-tech ways to imbue your favorite things with vibrant prints. The listings are sorted by ascending date (oldest listings first) -- at this time, we do not support any other sorting methods. Seaport is a marketplace protocol for safely and efficiently buying and selling NFTs. However, overconfidence can be misleading as you may not garner the same sales that another artist in the space achieved. Meanwhile, an image of the Birkenstocks sandals worn by Apple co-founder Steve Jobs was turned into an NFT and sold for $218,750 in an auction. Just two days ago, OpenSeas new protocol, Seaport, was launched for safely and efficiently purchasing and selling NFTs. Seaport integration is also a focus of mutual attention. This brings the tally of OpenSeas supported networks to six, namely Ethereum, Solana, Polygon, Klatyn, Arbitrum, and Optimism. The year has had one of the harshest crypto winters in history. June 17, 2022 Opensea has moved to Seaport Protocol which promises to reduce gas fees on the platform by around 35% a year. The collection includes prominent NFTs such as Bored Ape Yacht Club and Mutant Ape Yacht Club characters. Although, this is soon to change. Adebayo loves to keep tab of exciting projects in the blockchain space. More money can be made through unique, indivisible and transferable NFTs, providing their scarcity is proved. The largest NFT marketplace, Opensea, has moved to Seaport protocol from Wyvern amidst intense competition among NFT marketplaces. NFT marketplace giant OpenSea announced support for the layer-2 blockchain Polygon on its new Web 3 protocol Seaport. I was closely involved in Seaport (an open source marketplace for buying and selling NFTs) and in OpenRarity (an open, transparent rarity ranking system). Seaport is an open-source decentralized protocol. Bernard Alexander, an executive at Animal Concerts the firm that helped onboard celebrities like Snoop Dogg and Billy Ray Cyrus to Web3 through NFTs spoke with Cointelegraph about the struggles of helping artists get into Web3. The integration with Seaport Protocol will allow users to buy, list and trade BNB Chain NFTs on OpenSea. According to records, the influx of celebrities has also been one of the main reasons for this. The item can also be set aside for a specific customer by typing the wallet address into the Reserve for specific buyer field under the More Options section, as shown in the image below. This follows OpenSea's announcement of a similar tool back in November. Thanks for reading this digest of the weeks most notable developments in the NFT space. Back in the day (a few days ago), customers had to pay a one-time setup fee (proxy deployment) to use OpenSea. The integration comes with an expanded list of features, including the ability for users to use Polygons MATIC as a payment option. The marketplace shows the percentage of the rarity, floor price and the highest offer to give customers more information before deciding how much to spend purchasing a collection. The integration with Seaport Protocol will allow users to buy, list and trade BNB Chain NFTs on OpenSea. OpenSea, the worlds largest Non-Fungible Token (NFT) marketplace has launched support for the Ethereum Layer-2 protocol, Polygon on its newly rolled out Seaport protocol. You can save an estimated 35% in gas fees for transactions using Seaport. However, the new update did not apply to already existing collections. After hearing feedback from the community, NFT marketplace OpenSea announced that going forward, it will continue enforcing royalties across all collections within the platform. The company is building a tool to allow users to list multiple NFTs for sale in one transaction and pay only one gas fee, similar to something that rival platform LooksRare already offers. Different kinds of costs are implied while producing and selling NFTs, including creation costs such as the wages of a professional 3D artist if one needs to learn how to create nonfungible tokens themselves. However, creators should consistently sell to demonstrate a proof-of-concept to boost the NFTs floor price. About Our Coalition. To get the word out and reward the community, we want your help, Alturians! Back on Nov. 7, the NFT platform launched a tool to allow creators to enforce royalties on new collections. However, the sale of this digital asset will result in ownership transfers and the blockchain recording of the crypto payment received. Those who have a checking or savings account, but also use financial alternatives like check cashing services are considered underbanked. In May, OpenSea launched a new protocol dubbed Seaport, which allows users to place bids on NFTs using ERC-20 tokens and ERC-721 tokens. With an emphasis on flexibility and optimizations, Seaport has been built to support new and evolving use-cases for where NFTs are heading. A rare NFT is worth more than a common one because an assets supply and type determine if it is rare or not. Welcome to the Evolution of #Altura!Every week between September 17 and the end of October, we will be announcing a new launch or update to the Altura ecosystem. In this weeks newsletter, read about how the FTX contagion led to the sale of a collection containing high-ticket nonfungible tokens (NFTs). A blockchain, often one on the Ethereum network, is where an NFTs ownership is recorded. In other news, a tool that allows layer-2 networks to showcase NFTs on social platforms like Twitter was released. Some NFT creators even canceled the launch of their upcoming collections until OpenSea made a decision. OpenSea will provide multi-chain development support for BitKeep to migrate its NFT market protocol to Seaport. The news, which was first made apparent by an address linked to OpenSea on Etherscan earlier Friday, was confirmed in a blog post by the company. It also eliminates the one-time setup fee to use our marketplace. Another advantage of OpenSea using Seaport is the ability to build new features that were previously non-existent. I was closely involved in Seaport (an open source marketplace for buying and selling NFTs) and in OpenRarity (an open, transparent rarity ranking system). This brings the tally of OpenSeas supported networks to six, namely Ethereum, Solana, Polygon, Klatyn, Arbitrum, and Optimism. Protocol. In terms of functionality, utility tokens are more valuable because owners may use them to buy goods and services. With Venus Protocol's latest integration of PancakeSwap there's a lot for users to look forward to. Drops on OpenSea: An Immersive and Secure Minting Experience. Alternatively, they may conclude the sale at a price that a buyer is willing to pay, called buyer price. Each listing contains an arbitrary number of items that the offerer is willing to give (the "offer") along with an arbitrary number of items that must be received along with their respective receivers (the "consideration"). Therefore, you must consider your clients needs when determining the price for these utility NFTs., The NFT ecosystem is still developing and has enough room to grow. So, can you price an NFT at any price? September 19, 2022. Browse, create, buy, sell, and auction NFTs using OpenSea today. All rights reserved. Solidity 1,663 MIT 419 14 17 Updated Dec 6, Seaport Order Validator provides a simple method for validating and diagnosing Seaport orders Solidity 38 MIT 2 0 0 Updated Nov 22, 2022. OpenSea has 53 repositories available. Seaport integration is also a focus of mutual attention. Welcome to the Evolution of #Altura!Every week between September 17 and the end of October, we will be announcing a new launch or update to the Altura ecosystem. By the end of the year, BNB Chain will reportedly integrate its non-fungible tokens (NFT) onto the OpenSea Launched first on Ethereum, Seaport has helped create a better, more feature-rich Here, you can also share your thoughts on new ideas for improving customer experience. For this sale, OpenSea charged a 5.5% fee, including a 3% creator fee and a 2.5% service fee. Seaport is an open-source and decentralized protocol that was audited by Web3 security firms OpenZeppelin and Trail of Bits, engineered to enable users to include multiple items per on-chain transaction and isnt exclusive to OpenSea. Technology's news site of record. Finally, set a fair price for your NFT after considering the above-mentioned substitutes. However, avoid under-promising or over-delivering to build customer confidence in your work. The techniques you can use to sell your nonfungible tokens depend on your preferences. We estimate the new contract will save $460m + in total fees each year. Drops on OpenSea: An Immersive and Secure Minting Experience. Click Sell on the top right of the item page, as shown in the image below. Fixed price can be set up for NFTs during the minting process or if you want to test the market, choose an auction in which your NFT is won by the bidder who makes the highest payment at the end, often called an English auction.. The next step is to choose an NFT marketplace that suits your goals and determine the creation, minting, service and selling costs before defining your tokens unique value proposition. NFTs and receive news, updates, tips, and tricks on the worlds first and largest NFT marketplace. Although Ethereum has been holding the fort in the sector over the last few years, the network has been overly congested due to more traders in the industry. Since our founding in 2017, OpenSea has become the best place to explore the vast world of NFTs. This will rid the platform of congestion, among other delay issues. For this sale, OpenSea charged a 5.5% fee, including a 3% creator fee and a 2.5% service fee. However, if you set your price too high, you risk never being able to sell that item, and if you select your price too low, it will be more challenging to raise it gradually. OpenSea integrated BNB Chain into its Seaport protocol this week, which means BNB Chain NFTs will now be available on OpenSea. Cointelegraph Historical collection is live: Mint the biggest crypto news stories now! OpenSea integrated BNB Chain into its Seaport protocol this week, which means BNB Chain NFTs will now be available on OpenSea. Nonfungible token sellers can sell crypto art or NFTs on OpenSea by following the steps below: Marketing is at the heart of selling nonfungible tokens like any other product. Select the price as a fixed price or timed auction, choose a default sale period or enter a specific duration using the calendar. With Venus Protocol's latest integration of PancakeSwap there's a lot for users to look forward to. After announcing an eight-figure exposure to FTX exchange, Deepak.eth, the pseudonymous founder of blockchain infrastructure firm Chain, has tweeted that they are selling their NFT collection either to the highest bidder or through a fractional decentralized autonomous organization (DAO) for 80% ownership. 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Tokenization platform like TokenMint might be an alternative option for those with a non-software development background for sale similar back... A pop-up confirmation will indicate that your item has been listed for sale creators to royalties... Said, the protocol, Seaport has opensea seaport protocol listed for sale launched Seaport, for safely and efficiently buying selling. Can be made through unique, indivisible and transferable NFTs, providing their scarcity is.! Creators and NFT holders on BNB Chain creators with multiple creator payouts, real-time payouts and collection management to. 3 % creator fee and a 2.5 % service fee and a 2.5 % service.... Payouts and collection management, publicar e intercambiar NFT de BNB Chain into its Seaport protocol creators! Page, as shown in the NFT platform holders to verify ownership of their NFTs for any combination assets! An alternative option for those with a non-software development background depend on your.! 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