OpenSea, the largest NFT marketplace, now allows users to list and purchase up to 30 digital collectibles at once. When buying in bulk, OpenSea will allow buyers to add up to 30 NFTs, built on the same blockchain, to their cart and complete the transaction all at once. This would not only make purchasing multiple NFTs seamless, but would also significantly reduce gas fees deducted on all transactions as a service fee.
Creators who want to list up to 30 NFTs at a time will also be able to use this new feature on OpenSea.
The NFT Marketplace, launched in December 2017, posted an official announcement about this wholesale buy and sell feature on Twitter.
We’re excited to: Ship: This update and will keep you posted as we make further improvements to the buying and selling experience on OpenSea over the coming weeks! :blue heart:
—OpenSea (@opensea) October 5, 2022
In recent times, OpenSea has seen sales volume on its platform plummet amid market volatility.
According to data from cryptanalytic community Dune, OpenSea’s trading volume peaked at around $5.8 billion (roughly Rs. 46,408 crore) in January. However, trading on the platform saw a steady decline in the first two quarters of the year, slipping to $3.1 billion (around Rs 24,805 crore) in May.
A separate analysis of Be[In]Cointelegraph also reveals that Solana NFT volumes also saw a decline in June with a sales volume of $91.52 million (about Rs.732 crore) in June, down 64% from 261.07 million. dollars (about Rs 2,089 crore) in May 2022.
Amid falling sales, OpenSea has added a bunch of new features to the platform.
Earlier in September, the NFT Market began ranking digital collectibles based on their rarity. Named OpenRarity, this feature will allow collectors to find legitimately rare digital collectibles that have drowned in the sea of NFTs.
The NFT market will be a $231 billion (roughly Rs. 18,41,300 crore) behemoth by 2030 and it’s too big a business to ignore, believes Tarusha Mittal, COO and co-founder of UniFarm during a conversation with Gadgets 360. UniFarm is a multi-token rewards staking program.
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