The Seaport Protocol is a revolutionary standard for NFT markets that promises to usher in a new era of secure and decentralized trading.
Seaport was originally created to optimize the performance of OpenSea, but now it serves as the base layer protocol for all NFT marketplaces.
Seaport protocol has such advantages and innovations as:
✅ Lower fees - Seaport lowers transaction and gas fees and eliminates new user initialization fees
✅ Bulk transfers - Seaport allows you to buy and sell multiple assets in one transaction
✅ Trading - Seaport makes it possible to pay with crypto and asset tokens, allowing NFT for NFT and ETH + NFT for NFT transactions
✅ New sales formats - Seaport supports Dutch and English auctions
✅ Tipping - Seaport adds the possibility of additional reward items (like ETH or NFT), or "tipping", which can be given to the seller after a purchase or transaction is completed.
OpenSea does not control the underlying smart contract of the protocol and has no special privileges in Seaport. The company actively encourages the web3 community to participate in the development and evolution of Seaport.
The protocol was audited twice - at an early stage by OpenZeppelin, and at a later stage by Trail of Bits.
Overall, the Seaport protocol offers a secure, scalable, and cost-effective infrastructure for buying, selling, and trading NFTs.