- Polygon introduces a brand new Web3 marketplace in June called Seaport.
- Seaport offers the Web3 community a feature-rich experience at lower costs.
- The Polygon team shared some of Seaport’s features in their latest Twitter thread.
Polygon’s shift from OpenSea to Seaport introduces a variety of “cool new features” according to Polygon’s latest Twitter thread.
In June, OpenSea introduced Seaport — a brand new, open-source, #Web3 marketplace protocol for safely & efficiently buying & selling NFTs. Launched first on Ethereum, Seaport has helped create a more feature-rich experience at a lower cost. pic.twitter.com/9W8hqAF8gH
— Polygon – MATIC 💜 (@0xPolygon) August 30, 2022
Polygon introduced Seaport in June, which is a brand new, open-source, Web3 marketplace protocol which enables the safe and efficient purchasing and selling of NFTs. Initially launched on Ethereum, Seaport has helped the Web3 community by creating a more feature-rich experience at a noticeably lower cost.
The first feature that the shift enables is the removal of purchase thresholds. This means that users are able to list and buy Polygon NFTs at any price, as the $5 minimum has now been reduced thanks to Seaport. The new minimum is $1 on offers and is set so that low intent offers are prevented. Buyers and sellers will also be able to list and transact in MATIC.
Collections with under 100k items will now have offers available on every item in the set with the new collection offers feature as well. In addition to the collection offers feature, all offers for items in collections that match certain attributes will become available if the creator enables the functionality in their collection.
Fees can also be split on Seaport now with the introduction of multiple creator fees. Therefore, creators can specify multiple +payout addresses which will “be paid out in real-time”. There is however a max of four creators allowed with this functionality.
Other features include English and Dutch auctions, which allows sellers to run English (ascending bid) auctions and Dutch (descending bid) auctions, as well as the ability to purchase NFTs on OpenSea for another wallet.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
