OpenSea and NFT- This latest development investors shouldn’t miss out on

ambcrypto.com:

OpenSea, the popular NFT marketplace, has launched a marketplace protocol with a range of new features. Apart from this, it would incorporate safety and efficiency in buying and selling NFTs. Although, one should note that OpenSea won’t control the protocol. Here’s what it means

On 21 May, the NFT marketplace OpenSea introduced Seaport a brand new web3 marketplace protocol for safely and efficiently buying and selling NFTs.

With an emphasis on flexibility and optimizations, Seaport has been built to support new and evolving use-cases for where NFTs are heading.https://t.co/3lUQIQm0km

— OpenSea (@opensea) May 20, 2022

Seaport would allow users the option to obtain NFTs by offering assets other than just payment tokens, such as Ether (ETH). According to the platform, a user “can agree to supply a number of ETH / ERC20 / ERC721 / ERC1155 items” in exchange for an NFT, implying bartering a combination of tokens as a method of payment.

Bidders bundled different assets in exchange for an NFT, unlike now, only crypto can be exchanged for an NFT. In addition, SeaPort users could specify which criteria — e.g. certain traits on NFT artwork or pieces part of a collection — they want when making offers. The platform supported tipping, as long as the amount does not exceed that of the original offer.

Well, that’s exactly what some users questioned following this development. Users expressed their confusion over concepts in the new marketplace protocol. Others called for further investigation.