NFT: The New Version of OpenSea Lowers Your Transaction Fees

NFTs victim of their own success – The Non-functioning tokens (NFT) are like the rest of cryptocurrencies: a innovation extraordinary and promising technology, but also an inexhaustible source ofscam of all kinds. And open seathe number one platform, do not escape the phenomenon† Users have been waiting for a response, it has finally arrived in the form of new features that increase security against ” crypto spam† Also note that a new protocol be used in order to save costs. Finally some good news for digital art collectors!

More security and protection on the NFT platform

In recent years we have all noticed the arrival of the so-called spam in our mailboxes. The principle is simple: someone malicious sends you a message asking you to click a link. Once you click, you will open a door to your system and the pirate can perform various actions ranging from stealing your data to much worse.

At OpenSea we see the same kind of technology: you get a NFT as a “gift” and out of curiosity you will click to learn more about the artist or the collection. And the next moment you have lost all or part of your wallet. Experience, oh so traumatic…

To counter this, Devin Finzer, OpenSea’s founder and CEO just announced on the company’s official blog new functions

  • NFTs Considered ” unwanted is dropped in a special inbox. It’s up to you todescent before clicking it (like for an email)
  • You can manage this special box by adding – or removing – manually questionable NFTs. It is also possible that NFTs of yours end up there by accident, so you will need to check them regularly.
  • OpenSea also wants to fight more effectively against the violation of the property intellectual† They foresee an increase in the number of moderators to reduce the processing time of reports.

Devin Finzer is doing well and hopes that in the future.” removing these types of elements from the platform will improve overall performance. † But the latter also has a little surprise in store for users.

The NFT platform gets a makeover and strengthens user protection

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Pay less for your transactions? Implemented a new protocol

On June 14, the OpenSea platform migrated to a new protocol called Seaport† According to the makers it is a game changer † It is indeed “open source and inherently decentralized, allowing anyone to develop and create new features”. The most important innovations concern gas costs and purchase offers per “collection” or “characteristic”.

First of all regarding the gas costswe are talking about a decrease of 35% averaged over transactions. That is of course good news for all NFT enthusiasts on a tight budget. Subsequently, this new protocol will make it possible to open the 100 best collections to new purchase offers:

  • by means of collection : ie for all articles of the same collection.
  • depending on some Characteristics : ie for different articles with common characteristics.
  • by means of attributes specific to different collections.

Finally different information will now be available for each item: the rarity percentage, the floor price and the highest bid. All this so that “you had the best information to decide on the amount to bid”† So, ready for a new digital shopping experience?

OpenSea has therefore adapted its exchange platform to further protect the user and changed its protocol to improve the user experience. The consumer is at the center of this NFT giant’s concerns and we are delighted. Mainly because OpenSea had to manage suspected conflicts of interest from one of its product managers. It was time to restore the confidence of customers already harassed by an erratic market.

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