The Seaport ecosystem adds OpenSea as an aggregator
OpenSea, the largest NFT marketplace, will now be an aggregator to Seaport NFT marketplace to test collecting Listings marketplaces by seaport. The protocol will include all builders, creators and collectors.
OpenSea is an aggregator to SeaPort ecosystem
In a recent tweet, OpenSea said that it will test out collecting listings from marketplaces and projects created on Seaport. The company is set to start with @ensvision, @sansaxyz, & @soundxyz. Listings from @sansaxyz, @ensvision, @soundxyz_, and will be fully incorporated into OpenSea’s numerous categories (art, music, & domain names).
Users can now look through and buy listings from @ensvision (an ENS bulk tools, MP & aggregator delivering web3 ID to the masses, @soundxyz_ (a pioneer in music NFTs) and @sansaxyz, a well-known MP in the generative art community and an Art Blocks marketplace.
In spite of considerable competitive pressure from Blur, which used OpenSea’s own Seaport to get around blocklist regulation, OpenSea has continued to explore with new features in 2023.
Cross-listing will give sellers access to a larger pool of prospective buyers, improving the likelihood of finding the ideal buyer. It could also result in cheaper fees for these three curated marketplaces, which would be another possible outcome.
While cross-listing, sellers will only be liable for that particular marketplace’s fees and not the 2.5% fee on OpenSea. Additionally users will enjoy free listing on Sound Market, ENS 1.5% listing fee Vision and the Sansa listing fee at 1%.
SeaPort: Is this the future of the NFT marketplace?
The NFT market SeaPort is a new Web3 marketplace protocol from OpenSea, launched to enable NFT merchants to conduct direct business with buyers of digital collectibles. Smart contracts manage the decentralized platform, and make it accessible to all NFT builders and collectors.
Seaport is the only protocol created exclusively to fuel the NFT ecosystem. Currently it is the only open-source protocol for buying and selling NFTs in a secure and effective manner. Most existing NFT marketplaces only support a single listing type, in which one user provides an NFT and the other user provides a payment token.
However, by allowing users to provide a specific quantity of ETH, ERC-20, ERC-721, or ERC-1155 assets that the buyer is ready to give, Seaport takes a new approach. In order for that offer to be accepted, the recipient must receive a number of things.
At the same time, a user has other options for fulfilling the listing. For instance, they can opt to use a collection of fulfillments to finish any number of listings simultaneously. Repetitive transfers, the part of the product that uses the most gas, are reduced thanks to the capacity to satisfy any number of listings.