Opensea has announced support for Polygon on the Seaport network, a web3 marketplace protocol for efficient and safe trading of NFTs. On the Seaport protocol, NFT ownership is hosted on a blockchain, while the NFT marketplace protocol manages the operations.
The Polygon-Seaport integration makes it possible for Polygon users to buy and sell on OpenSea efficiently. Initially, Polygon on OpenSea was hosted on the 0x protocol.
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Benefits of the Polygon-Seaport integration
The integration of Polygon with Seaport on OpenSea brings a lot of benefits including:
- Buying and selling Polygon NFTs for as low as $1 which is less than the initial $5 mark.
- Paying for collectibles, as well as auctioning them in MATIC, the native token of Polygon.
- Collecting payments for NFTs with up to “4 payout addresses”.
- Listing NFTs as bundles that buyers can purchase together.
Sellers can now run an English auction (where bids are openly arranged in ascending order) and a Dutch auction (where bids are openly arranged in descending order). Users can also make bulk transfers of NFTs to a wallet at once, and buy NFTs for different wallets.
According to Opensea, this integration will cut across other projects like Klaytn and other EVM-compatible chains in coming months.
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