OpenSea has rolled out advancements: lower fees and bolstered security measures.

OpenSea   announced With the transition to the Seaport marketplace protocol, OpenSea is striving to offer users improved safety and efficiency when trading NFTs.

The Seaport protocol promises to significantly reduce gas fees, allowing users to potentially save around 35% on transaction expenses. Market analysis suggests that these lowered fees could lead to annual savings of up to $460 million for users. Moreover, newcomers to OpenSea won't incur any account setup charges, translating into roughly $120 million in additional savings each year.

A noteworthy feature brought in by the Seaport protocol is the ability to place offers on entire collections or purchase multiple selected NFTs simultaneously. For example, a collector interested in acquiring a Moonbird can simply submit an offer and find out if any holders are willing to sell. Furthermore, buyers can indicate specific attributes they seek in an NFT. Creators will also soon have the flexibility to establish multiple payout addresses within the platform.

OpenSea also added a  feature This enhancement also provides a layer of protection by concealing dubious transactions from the public view. This move aims to diminish the likelihood of scammers trying to lure users into clicking malicious links, ultimately reducing the risk of theft.

"Unexpected transfers are an inherent part of public blockchains. While we cannot completely prevent them from appearing in your wallet, we can assist in keeping them off your view within OpenSea,\" said OpenSea's CEO, Devin Finzer. wrote  on Twitter. 

The NFT-centric company is actively working to bolster its security features. Just last month, the digital collectibles platform announced upgrades to its verification process to help safeguard against NFT theft. introduced As one of the pioneers in testing this innovative protocol designed specifically for NFTs, OpenSea adopts an open-source and decentralized smart contract framework. You can explore more about this protocol.

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