By
Temitope Olatunji
April 18th, 2024
The integration of Polygon on the Seaport marketplace from OpenSea opens access to a lot of new features for the trading platform’s users.
OpenSea, the world’s largest Non-Fungible Token (NFT) marketplace has launched support for the Ethereum Layer-2 protocol, Polygon on its newly rolled out Seaport protocol. As announced in a blog post by the marketplace, the launch of Polygon came after a few months of observing Seaport, it said it felt the need to add support for the sidechain.
“Starting today, we will begin using Seaport for all new listings and offers on Polygon!” OpenSea tweeted. “We’re excited to start using Seaport across multiple blockchains to improve the experience for everyone on OpenSea.”
OpenSea is originally an Ethereum-based protocol, but for some time now, it has started expanding its support to other protocols with a robust NFT functionality. Polygon on OpenSea is not a new feature and was previously powered by the 0x Protocol. The NFT marketplace giant, however, said the support for OpenSea on Seaport will create a new and thrilling trading experience for everyone.
“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,” the OpenSea announcement reads, “Previously, Polygon on OpenSea was powered by the 0x protocol. And now, by moving Polygon over to Seaport, we’re consolidating our infrastructure to provide a more stable buying and selling experience that matches other chains. The move will also allow us to ship new features across all EVM-compatible chains faster.”
Polygon on OpenSea Seaport: What to Expect
The integration of Polygon on the Seaport marketplace from OpenSea opens access to a lot of new features for the trading platform’s users. One of the foremost benefits is the fact that users can now list NFTs for any price they want as the $5 minimum threshold has been reduced further to $1. According to the NFT marketplace, this lowered minimum is to prevent low-intent offers.
For an established protocol like Polygon, the native token has a wide acceptance and distribution amongst its users. With the integration on Seaport, users will be able to use it for more utility as they conduct their buying and selling using Polygon’s native token.
Payout addresses can now be multiple and up to 4 as payments will be received all in real-time sellers will also have the opportunity to list Polygon NFTs as bundles that can be purchased together.
The NFT world is growing at a very fast pace and Polygon, with its fast speed and low fees, has been a major source of attraction to many NFTs traders around the world. The new Seaport support for Polygon as unveiled by OpenSea will also stir an increased adoption of the digital collectibles hosted on the layer-2 protocol as the largest marketplace, with one of the most functional trading engines now backing their sales.