OpenSea gears up for the Web 3.0 NFT marketplace race with the Seaport protocol
Last weekend, OpenSea announced its Web 3.0 NFT marketplace protocol Seaport, an open-source protocol aiming to equip all builders, creators, and collectors of NFTs. OpenSea entered the decentralized NFT trading from a technical point of view, trying to consolidate its market leadership in the industry.
Summary
- OpenSea’s brand new protocol aims to provide market participants with a decentralized NFT transaction experience leveraging smart contracts.
- Seaport protocol features flexible payment methods, bundled transactions, a “tipping” system, and more.
- OpenSea currently has a cumulative transaction volume of $30.42 billion. This upgrade demonstrates the determination to consolidate its market leadership.
- LooksRare, with an all-time trading volume reaching $23 billion, continues to challenge OpenSea’s leadership in the NFT marketplace industry.
A closer look at OpenSea’s optimization
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