OpenSea Migrating to Seaport Protocol

OpenSea announced today on their blog that they would be migrating to Seaport, “a new web3 marketplace protocol designed for safely and efficiently buying and selling NFTs.” They have also announced a few additional features.

The new protocol is estimated to save users 34.8% on gas fees. It will also allow users to make offers on entire collections or on multiple items filtered by attributes or traits.

Seaport is open source which benefits projects in many ways including abundant community support, increasing scaling capabilities and security, freedom/flexibility/decentralization, and lowering costs.

The chart to the right was provided on the OpenSea announcement summarizing the comparison of Seaport to the Wyvern Protocol.

Another upcoming feature was teased in the announcement: bulk listings. This feature will allow users to purchase many NFTs in a single transaction.