NFT marketplace giant OpenSea has announced new support for the layer-2 blockchain Polygon on its new Web 3 protocol Seaport. The integration comes with an improved list of features which includes the ability for users to use Polygon’s native token, MATIC as a payment medium.
OpenSea said in a blog post on Tuesday 30th August 2022 that the migration of Polygon to Seaport (the blockchain was formerly powered by the Ox protocol) will bring more features for improved buying and selling experience using Polygon.
Some of the newly added features include bulk transfers, the absence of listing thresholds, multiple creator fees and the ability to list and transact using MATIC – Polygon’s native token.
The NFT marketplace giant revealed in June that it was moving to Seaport because of cheaper transactions. OpenSea said at the time that users will save up to 35% on gas fees with Seaport. Also, new accounts will no longer have to pay a one-time setup fee.
OpenSea will also add support for Klaytn and Ethereum Virtual Machine (EVM) compatible blockchains. An excerpt from the announcement says: “After several months of observing Seaport’s impact and collecting valuable feedback, we’re excited to introduce Polygon support on Seaport. In the coming months, we will be adding support for Klaytn and other EVM-compatible chains as well.”
Meanwhile, the currently ongoing crypto winter and the steep collapse in NFT prices has affected OpenSea. CryptoPotato previously reported that data from DappRadar revealed that the platform’s trading volume plummeted by up to 99% from its peak back in May.
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