OpenSea introduces polygon support on Seaport

NFT market giant OpenSea has announced its support for the layer-2 blockchain Polygon in the new Web 3 protocol Seaport. The integration comes with an expanded list of features, including the ability for users to use Polygon’s MATIC as a payment option.

  • In a blog post on Tuesday (August 30, 2022), OpenSea said that the migration of Polygon to Seaport, with its blockchain pre-powered by the Ox protocol, will enable more features for a robust buying and selling experience with Polygon.
  • Some additional features include bulk transfers, multiple creation fees, absence of list thresholds, and the ability to list and trade with Polygon’s native token, MATIC.

“As part of the move to Seaport, OpenSea now supports the use of MATIC, Polygon’s native token, as a payment option. Anyone transacting with Polygon with OpenSea will now have to pay their own gas fee for transactions with MATIC.”

  • In June, market giant NFT revealed it was moving to Seaport for cheaper transactions. According to OpenSea, users will save about 35% of gas with Seaport. In addition, new accounts will not pay a one-time fee anymore.
  • OpenSea also wants to add support for Klaytn-compatible blocks and the Ethereum Virtual Machine (EVM). Excerpt from the ad:

“After several months of monitoring the impact of Seaport and collecting valuable feedback, we are excited to bring Polygon support to Seaport. In the coming months, we will be adding support for Klaytn and other EVM-compliant chains.”

  • Meanwhile, the ongoing crypto winter and the collapse in NFT prices have taken their toll on OpenSea. As previously reported by CryptoPotato, data from DappRadar shows that the platform’s trading volume is down 99% from its peak in May.

An OpenSea post offering Polygon support in Seaport first appeared on CryptoPotato.

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