Non-fungible token (NFT) marketplace OpenSea announced on Thursday that it is launching Deals, an NFT peer-to-peer swap feature to help traders bolster their collections and interact directly with other collectors. The feature is based on the Seaport protocol, which OpenSea called the most reliable and convenient. The Deals feature allows users to offer to swap a certain number of tokens for others. Parties can also add wETH.
According to the Deals web page, users need to enter the username, ENS name, or wallet address of the person they want to transact with. They can then choose up to 30 NFTs as well as the amount of wETH they want to add to the swap. They then select the assets they would like to offer for trading and can then send the deal for consideration. So far, only tokens from one chain of verified collections with a badge from OpenSea can be exchanged. Later, the list of NFTs available in Deals is planned to be expanded.
Currently Deals is available with zero commission and no royalty. Gas costs are paid by the buyer. An OpenSea spokesperson told CoinDesk that the goal of the new feature is to get more users to participate in NFT communities by simplifying the swapping process. By using Seaport, collectors can exchange NFTs on OpenSea without being exposed to the risks that may arise outside of the platform.
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