Coinscreed
  • News
    • Bitcoin News
    • Ethereum News
    • Ripple News
    • Litecoin News
    • Altcoin News
    • DeFi
    • Blockchain News
  • Market Analysis
  • NFT
  • Metaverse
  • Cryptocurrencies
  • Learn
    • Bitcoin 101
    • Ethereum 101
    • Binance Smart Chain
    • DeFi 101
    • Ripple 101
    • ICO 101
    • Trading 101
    • Dogecoin 101
    • Lightening Network
    • NFT 101
  • Crypto How Tos
Advertise
No Result
View All Result
  • bitcoinBitcoin(BTC)
    $20,211.005.70% 24H
    BITCOIN
    24H : 5.70%
    Volume : $18,645,098,339.00
    Marketcap : $385,613,871,502.00
  • ethereumEthereum(ETH)
    $1,146.238.92% 24H
    ETHEREUM
    24H : 8.92%
    Volume : $13,922,982,079.00
    Marketcap : $136,980,122,309.00
  • binancecoinBNB(BNB)
    $232.337.64% 24H
    BNB
    24H : 7.64%
    Volume : $677,960,035.00
    Marketcap : $37,910,020,416.00
  • rippleXRP(XRP)
    $0.3262.42% 24H
    XRP
    24H : 2.42%
    Volume : $940,696,716.00
    Marketcap : $15,776,292,359.00
  • cardanoCardano(ADA)
    $0.4654.05% 24H
    CARDANO
    24H : 4.05%
    Volume : $815,844,272.00
    Marketcap : $15,725,151,776.00
  • terra-lunaTerra Luna Classic(LUNC)
    $0.000071-5.36% 24H
    TERRA LUNA CLASSIC
    24H : -5.36%
    Volume : $134,961,670.00
    Marketcap : $768,841,921.00
Coinscreed
No Result
View All Result
Home News

OpenSea migrates to Seaport protocol

LollyCrypt by LollyCrypt
3 weeks ago
in News
Reading Time: 2 mins read
A A
Share on FacebookShare on Twitter
OpenSea nonfungible tokens (NFTs) platform has announced its migration to Seaport protocol on Tuesday in view that users can save 35% on gas fees.
OpenSea migrates to Seaport protocol
OpenSea migrates to Seaport protocol

The Seaport protocol promises decreased gas fees, the opportunity to make offers on full collections, the elimination of new account initiation fees, and more user-friendly signature alternatives, among other benefits.

Users would pay 35 percent less for gas fees when dealing on Seaport, according to OpenSea. According to data from 2021, total savings would be over $460 million (138,000 ETH). Furthermore, eliminating the setup cost might save $120 million (35,000 ETH) per year in additional savings.

SuggestedArticles

Meta announces closing of Novi wallet after 10-month pilot

Meta announces closing of Novi wallet after 10-month pilot

15 hours ago
Vauld Fallout: Binance CEO Chengpang Zhao Slams Vauld

Vauld Fallout: Binance CEO Chengpang Zhao Slams Vauld

17 hours ago

Owing to notable NFT dumps on OpenSea the year before, the Ethereum network became intermittently overloaded, with users reporting losses due to missed transactions.

Gas prices on the network, on the other hand, have recently steadied. YCharts’ average Ether gas price has dropped to $95.86, compared to spikes of hundreds of dollars in 2021.

OpenSea has previewed capabilities including the option to buy several NFTs in one transaction, making real-time creator fees available to many recipients, and establishing costs per-item on-chain. While its creators worked in Assembly to maximize transaction performance, Seaport listings have the same core format as earlier ones.

The Seaport protocol is neither controlled nor operated by OpenSea; rather, it is built on top of it. In closing remarks, the firm mentions that it is still “hiring across the board.” This is in stark contrast to the mass layoffs announced by a number of cryptocurrency companies, most recently BlockFi and Coinbase.

According to OpenSea, it does not own or operate the Seaport protocol, but rather builds on top of it. In closing remarks, the company indicated that it is still “hiring across the board.” This is in stark contrast to the mass layoffs announced by a number of cryptocurrency companies, most recently BlockFi and Coinbase.

Tags: nftOpenSeaSeaport protocol
GXGBET
Coinscreed

Copyright © 2022 Coinscreed

Navigate Site

  • About
  • Advertise
  • Privacy & Policy
  • Crypto Price Charts

Follow Us

No Result
View All Result
  • News
    • Bitcoin News
    • Ethereum News
    • Ripple News
    • Litecoin News
    • Altcoin News
    • DeFi
    • Blockchain News
  • Market Analysis
  • NFT
  • Metaverse
  • Cryptocurrencies
  • Learn
    • Bitcoin 101
    • Ethereum 101
    • Binance Smart Chain
    • DeFi 101
    • Ripple 101
    • ICO 101
    • Trading 101
    • Dogecoin 101
    • Lightening Network
    • NFT 101
  • Crypto How Tos

Copyright © 2022 Coinscreed

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Go to mobile version