OpenSea Launches "Deals" For Easy And Safe NFT Trading

JAKARTA - The NFT trading community on the OpenSea platform can celebrate the presence of a new revolutionary feature, "Deals". With this latest trading feature, OpenSea users can now easily trade peer-to-peer (P2P) for their favorite digital artwork.

Deals bring significant innovation, enabling NFT market players to offer digital artwork and get attractive deals using Wrapped Ether (WETH). This feature certainly provides a more secure and efficient platform for NFT trading communities.

The OpenSea Deals feature is supported by the Seaport protocol, which was introduced at the beginning of the previous year. Seaport is a web3 market project supported by OpenSea, allowing users to safely and efficiently purchase and sell NFTs. This protocol uses open-source smart contracts that cover various types of digital assets, including ETH, ERC20, ERC721, and ERC1155.

With the Make a Deal OpenSea feature, users can offer one or more NFTs belonging to them as part of an agreement with NFT from other users. However, to engage in this trade, users must have a wallet address and ENS name or OpenSea username from the party they want to trade with.

"Through the OpenSea Deals feature, users who receive the offer of an agreement will pay the transaction fee (gas). This transaction will not be charged additional fees from OpenSea or generate income for the creator of NFT. NFT ERC-721 from the collection of badges visible in the user profile (not hidden) also meets the requirements for the Deals feature," explained OpenSea statement.

This new feature received a warm welcome from the NFT trading community, the OpenSea platform must also face some criticism. Some users voice the need to focus more on value stability in the crypto market which is in a declining phase, rather than just focusing on innovation alone.

The NFT community also suggested that OpenSea consider the issuance of crypto tokens as a form of appreciation for the community, as an alternative to simply announcing new trading features. This is expected to encourage more transactions and actively participate in NFT trading.

As a leading platform in the NFT market, OpenSea has experienced rapid growth and managed to raise revenues of around US$600 million (equivalent to Rp9 trillion) in 2022, despite the challenge of the bear crypto market. With increasingly fierce competition, innovations such as the "Deals" feature are an important step to maintain superior positions in the digital NFT art industry.