NFT: the new version of OpenSea reduces your transaction costs

NFT victims of their own success – The Non-fungible tokens (NFT) are like the rest of cryptocurrencies: a innovation extraordinary and promising technology but also an inexhaustible source ofrip-offs of all kinds. And Offshorethe number one platform, do not escape the phenomenon. Users have been waiting for a reaction, it finally came in the form of new features that increase security against ” crypto-spam“. Also note that a new protocol they will be used in order to reduce costs in particular. Finally good news for digital art collectors!

More safety and security on the NFT platform

In recent years, we have all noticed the arrival of those who are called Spam in our mailboxes. The principle is simple: someone harmful sends you a message asking you to click on a link. After clicking, open a door for your system and the pirate it can perform various actions ranging from data theft to much worse.

On OpenSea, we see the same kind of technique: receive a NFT as a “gift” and out of curiosity you will do it click to find out more about the artist or the collection. And the next minute, you will have lost all or part of your wallet. Experience, oh so traumatic …

To fight this, Devin Finzer, The founder and CEO of OpenSea just announced on the company’s official blog new features :

  • NFT considered as ” unwanted it will be sent to a special mailbox. It’s up to you to check theorigin before clicking on it (as for an email)
  • You can manage this special box by adding – or removing – manually Questionable NFTs. In fact, it’s even possible that your NFTs end up there by mistake, so you’ll need to consult them regularly.
  • OpenSea also wants to fight more effectively against breach of the property intellectual. They expect an increase in the number of moderators to reduce report processing times.

Devin Finzer makes amends and hopes that in the future ” removing these types of items from the platform will improve its overall performance. “ But the latter also reserves a small surprise for users.

The NFT platform is renewed and strengthens the protection of users

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Are you paying less for your transactions? A new protocol implemented

On June 14, the OpenSea platform migrated to a new protocol called Seaport. According to its creators, it is a game changer ! It really is “open source and inherently decentralized, which will allow anyone to develop and create new features.” The main changes concern gas costs and purchase offers by “collection” or “feature”.

First of all with regard to the gas costswe are talking about a decrease in the 35% on average on transactions. Which is obviously good news for all NFT lovers on a tight budget. Thus, this new protocol will allow the 100 best collections to be opened to new purchase offers:

  • from collection : that is, for all items of the same collection.
  • depending on some features : ie for different articles having common characteristics.
  • from attributes specific for different collections.

Finally, different information will now be available for each item: the rarity percentage, the starting price and the highest bid. All this so that “You had the best information to decide the amount to offer”. So, are you ready for a new digital shopping experience?

OpenSea has therefore modified its exchange platform to further protect the user and modified its protocol to improve the user experience. The consumer is at the heart of this NFT giant’s concerns and we are delighted. Especially since OpenSea had to deal with suspected conflicts of interest of one of its product managers. It was time to restore confidence to customers already troubled by a capricious market.

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