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The largest NFT marketplace expands Seaport to support Polygon, and adds a host new features from the popular sidechain. OpenSea is the number one NFT marketplace in volume and today announced the integration of the layer 2 scaling solution Polygon to its Seaport protocol implementation.

OpenSea tweeted, “We will use Seaport starting today for all new listings on Polygon!” “We are excited to use Seaport across multiple Blockchains to improve OpenSea’s experience.”

OpenSea, an open-source marketplace protocol, announced in June that it would be moving from the Wyvern protocol and to Seaport. This protocol was audited by Web3 security firm OpenZeppelin, Trail of Bits, and Trail of Bits. OpenSea claimed that the switch to OpenSea would reduce total fees by $460 million per year.

This change was made in an effort to reduce high Ethereum gas fees, simplify signature confirmation actions, and eliminate the need to charge new users an account setup or initialization fee.

OpenSea stated in a blog that Polygon support was introduced after months of monitoring Seaport’s impact, and collecting valuable feedback. “In the next months, we will also be supporting Klaytn as well as other EVM-compatible chains.”

OpenSea claims that Seaport on Polygon allows the launch of many new features, such as collection and attribute offers. There are no listing thresholds. Multiple creator payouts. Bulk transfers.

The most important feature of OpenSea is MATIC, the native token from Polygon Network. This allows you to list and purchase on OpenSea.

OpenSea stated that $MATIC, Polygon’s native token, is now supported by OpenSea as a payment option. OpenSea users who transact on Polygon will be responsible for paying their gas costs for $MATIC transactions.

The post Opensea Announce Layer 2 Scaling For New Polygon NFT Features first appeared on The Daily Encrypt.


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Angie Byrd