OpenSea, alongside the Seaport Working Group, is upgrading its Seaport protocol to ‘Seaport 1.6’, enhancing marketplace transaction speed, transparency, and fairness.
Starting March 25, OpenSea will transition to processing orders with Seaport 1.6, moving away from Seaport 1.5, which will stop accepting API submissions during April.
The introduction of Seaport 1.6 heralds a new era in commerce technology for NFTs, mainly through Seaport’s novel ‘hooks’ functionality.
Seaport 1.6’s Advanced Features
Seaport 1.6 introduces a revolutionary update in the NFT marketplace. It harnesses the power of the Ethereum Virtual Machine (EVM) to incorporate features inspired by Ethereum’s Denizen and parallels the innovations of Uniswap v4.
The protocol streamlines NFT transactions by embedding custom contracts at sale time, speeding up transactions, and improving market dynamics. Improved metadata accuracy and pricing strategies make transactions faster, more transparent, and fairer.
Additionally, users can enjoy up to 5% gas savings on transactions, benefiting creators and collectors alike without compromising the platform’s performance or user experience.
With Seaport 1.6, OpenSea enhances its marketplace to be more dynamic and efficient, catering to the evolving NFT commerce needs.
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*All investment/financial opinions expressed by NFT Plazas are from the personal research and experience of our site moderators and are intended as educational material only. Individuals are required to fully research any product prior to making any kind of investment.
