open sea will change the protocol. The largest NFT marketplace – born with Ether but now also compatible with Solana – is about to migrate to the new Seaport Protocol A small big revolution, which should finally reduce the cost of NFT listing and selling activities.
Those who hang out in the world of Ethereum know it well: virtually every transaction has outrageous fees, which are inflated by the Gas The commissions to be paid to the miners. The greater the weight of the transaction, the greater the gas. It ranges from a few dollars for the most basic of smart contract interactions to the bloodshed of several tens of dollars, in some cases hundreds.
OpenSea cannot change the rules of the game. The committees are part of theEthereum ecosystem The blockchain would not be possible without economic rewards for miners. Instead, OpenSea can limit itself to reducing the weight of its transactions.
This reduces the average costs of transactions with SeaPort by approximately 35%. The experience of listing and buying on OpenSea will be a bit more like that of other marketplaces based on Solana or on blockchain Layer 2 – where the costs are very low or absent.
The drop in gas prices it should be phased out in the near future as OpenSea announced that it will no longer be necessary to pay an account initialization fee today. Until now, it was necessary to pay between $30 and $200 to make the first listing after opening an account.
Source: Lega Nerd
