The largest NFT marketplace, OpenSea, announced the launch of a new web3 marketplace protocol, Seaport, to confer more security and efficiency to NFT trading.
The protocol is created
“for all builders, creators and collectors of NFTs” on and off the OpenSea platform. On an
official blog released on Friday, the OpenSea team revealed that the protocol is an open-source smart contract with “no contract owner”.
The protocol, dubbed Seaport, allows users to acquire NFTs in a range of new ways, unlike now where only crypto can be exchanged for an NFT.
For example; say you own a 40 ETH doodle and you want a 100 ETH ape. You can now offer your doodle NFT and 60 ETH.