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OpenSea Announced The Integration Of Polygon Into Its Seaport Protocol

OpenSea Announced The Integration Of Polygon Into Its Seaport Protocol


Cryptoknowmics
2022-08-31 10:58:49
OpenSea Announced The Integration Of Polygon Into Its Seaport Protocol

The layer-2 scaling solution Polygon has been integrated into the Seaport protocol implementation by OpenSea, the largest NFT market by volume. OpenSea migrated to a new NFT platform in June created by a self-produced project called Seaport to improve transaction quality. Starting today, we will begin using Seaport for all new listings and offers on Polygon! We’re excited to start using Seaport across multiple blockchains to improve the experience for everyone on OpenSea. Here’s what you can expect with this move to Seaport ↯ — OpenSea (@opensea) August 30, 2022 Seaport Protocol Implementation OpenZeppelin and Trail of Bits are in charge of managing this open supply marketplace protocol. At the time, OpenSea claimed that relocating to Seaport would result in annual cost savings of $460 million. This change makes it possible to reduce gasoline costs, increase the availability of various NFTs, eliminate fees for opening new accounts, and add more user-friendly signature options. “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.” OpenSea Enables MATIC OpenSea now enables using MATIC, Polygon’s token, as a payment option for the transition to Seaport. Any trader using OpenSea to access Polygon can pay fuel commissions using MATIC. Using Seaport ...

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