OpenSea has announced the launch of their ‘OpenSea Seaport Protocol’. Through this, instead of only offering ETH for NFTs, users can now offer different assets, such as ERC-20/ERC-721/ERC-1155, alongside ETH still. This now offers a safe way to trade NFTs, which has been difficult to do before and has resulted in several scams.
The Details of OpenSea’s Seaport Protocol
OpenSea’s Seaport Protocol now allows for users to offer their own assets, beyond just crypto, for NFTs on OpenSea. In detail, a user “can agree to supply a number of ETH / ERC20 / ERC721 / ERC1155 items” in exchange for an NFT. This means that users will be able to barter with a combination of tokens as their payment.
Beyond this, when making offers, users can specify certain things, like traits of NFTs, that they would want if someone was to accept their offer. Additionally, the platform will support tipping, so long as the amount…
