OpenSea Adds Polygon Support to Expand Features, Accept MATIC

NFT

OpenSea, the primary NFT market by quantity, introduced at present the mixing of the layer two scaling answer Polygon into its Seaport protocol implementation.

“Beginning at present, we’ll start utilizing Seaport for all new listings and presents on Polygon!” OpenSea tweeted. “We’re excited to begin utilizing Seaport throughout a number of blockchains to enhance the expertise for everybody on OpenSea.”

Beginning at present, we’ll start utilizing Seaport for all new listings and presents on Polygon! We’re excited to begin utilizing Seaport throughout a number of blockchains to enhance the expertise for everybody on OpenSea.

Right here’s what you’ll be able to count on with this transfer to Seaport ↯

— OpenSea (@opensea) August 30, 2022

In June, OpenSea introduced transferring from its Wyvern protocol to Seaport, an open-source market protocol audited by Web3 safety corporations OpenZeppelin and Path of Bits. On the time, OpenSea stated the shift to OpenSea would save $460 million in whole charges per yr.

The change got here in a bid to keep away from excessive Ethereum gasoline charges, make signature affirmation actions simpler to learn, and take away the necessity for brand spanking new customers to pay an account initialization or setup charge.

OpenSea Strikes to Seaport Protocol to Lower Ethereum Fuel Charges by 35%

“After a number of months of observing Seaport’s influence and gathering worthwhile suggestions, we’re excited to introduce Polygon assist,” OpenSea stated in a weblog put up. “Within the coming months, we shall be including assist for Klaytn and different EVM-compatible chains as properly.”

OpenSea says utilizing Seaport on Polygon allows the launching of a number of new options on Polygon, together with assortment and attribute presents, no itemizing thresholds, A number of creator payouts, and bulk transfers.

Coming quickly:

We’re additionally laborious at work constructing new options, like itemizing many NFTs in a single transaction. Creators may even quickly have the ability to outline a number of payout addresses on OpenSea.

— OpenSea (@opensea) June 14, 2022

Maybe crucial new characteristic is the power to make use of the native token of the Polygon community, MATIC, to record and purchase on OpenSea.

“As a part of the shift to Seaport, OpenSea now helps utilizing $MATIC, Polygon’s native token, as a cost possibility,” OpenSea continued. “Anybody transacting on Polygon utilizing OpenSea will now be required to pay for their very own gasoline charges for transacting utilizing $MATIC.”