Opensea Launched the NFT Market “Seaport”, Which Will Allow Users to Specify NFT Standards

Opensea launched its latest NFT market “seaport” on Friday, providing a variety of ways to meet the needs of the list.

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The market will provide users with innovative ways to buy and sell NFT, including that bidders can use different assets instead of just cryptocurrency to pay for NFT. Opensea said in its blog post that each seaport list will consist of the same basic structure, including the improved eip-712 signature payload, which outlines what can be spent and what will be paid back.

Traders will also be allowed to specify the criteria they want in any given NFT, or part of their personal preferred collection at the time of bidding. According to the post, tipping is also allowed, as long as it does not exceed the initial NFT quotation.

“With the growth of adoption and developers creating new and evolving use cases, we all have the responsibility to protect each other’s security,” opensea said. He clarified that it will not be the person who controls seaport, but an independent open source protocol for several developers to establish.

In addition to trail of bits, openzeppelin also conducted a security audit of the protocol, which said there were no major vulnerabilities at that time. However, opensea’s recent announcement has caused different feelings throughout crypto twitter. Some people are confused about how the concept will work, while others mentioned that the 0x V4 protocol provides a similar value proposition with its NFT exchange.

Opensea has been forced to step up its search for a dominant position in the field of NFT, improve its functions, and expand to other blockchain networks, such as Solana. It also recently acquired gem, a venue aggregator in the NFT market, to help improve its user experience.

Magic Eden Has More Daily Transactions Than Opensea

According to dappradar, magic Eden is the dominant NFT market in Solana ecosystem, and its daily trading volume has exceeded that of opensea.Although the number of opensea exceeds that of its Solana based competitors, the analysis of their growth percentage shows the dominance of magic Eden.

Opensea’s trading volume fell more than 47% to $245 million, while magic Eden’s trading volume rose more than 10% to $70.9 million.However, the number of unique smart contracts that interact with smart contracts on both shows that opensea has advantages. In fact, opensea has recorded an increase of about 9% in the past seven days, with more than 120000 new users, while magic Eden has seen its new users increase by 6% to 129000.