Introduction
Non-fungible token (NFT) marketplace OpenSea has announced the launch of “Deals,” a new feature that allows users to trade NFTs directly with each other. The new feature is powered by OpenSea’s native NFT protocol Seaport, and it aims to make NFT trading more trustworthy and secure.
How Deals Work
To use Deals, users first need to find the person they want to trade with. They can do this by entering the user’s username, ENS name, or wallet address. Once they have found the user, they can select up to 30 NFTs to trade, as well as the amount of WETH (wrapped ether) they want to add to the swap.
The user then sends the deal for consideration. If the other user accepts the deal, the NFTs will be swapped and the gas fees will be paid by the recipient.
Security and Trustworthiness
OpenSea says that Deals is designed to make NFT trading more trustworthy and secure. The feature uses Seaport, which is a more secure protocol than the traditional NFT trading protocol, ERC-721.
In addition, Deals does not require users to enter their private keys, which makes it less likely that they will be scammed.
Benefits of Deals
There are several benefits to using Deals. First, it allows users to trade NFTs directly with each other, which can save them money on gas fees. Second, it makes NFT trading more secure and trustworthy. Third, it gives users more flexibility in how they trade NFTs.
Conclusion
OpenSea’s Deals is a new feature that has the potential to make NFT trading more peer-to-peer and secure. The feature is still in beta, but it has the potential to make a significant impact on the NFT market.
