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OpenSea announces migration to Seaport protocol -Breaking


OpenSea Announces Migration to Seaport Protocol

OpenSea is trading at the highest volume on Tuesday. AnnouncementIt was moving to Seaport. The protocol promises many benefits, including lower gas prices, offering whole collections for sale, the removal of initialization fees for new accounts, and easier signing options.

OpenSea claims that Seaport users would be charged 35% less gas fees. The total savings would be $460 million, or 138,000 Ethereum, according to data for 2021. The potential for $120 million (355,000 ETH per year) in additional savings by removing the setup fee is also possible.