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Users can submit bulk NFT ads and purchases through OpenSea

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Joyashree Dey Follow

INDIA

Oct, 06 2022

Oct, 06 2022

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On October 5, the digital market platform for crypto and non-fungible tokens (NFTs), OpenSea announced in a series of tweets that it will officially allow crypto users to list and buy bulk digital collectible items in a single flow. 


In the blog post, OpenSea confirmed that its digital assets marketplace would allow users to process bulk digital items from the same blockchain in a single transaction. OpenSea will let their users add up to 30 items to their cart. 


According to OpenSea, the new functionality will decrease the cost related to gas fees and make the exchange cycle more convenient and smoother. In the following tweet, the company explained, “In your collected items tab you can access bulk listings by clicking on the ‘+’ symbol when you hover over an item card or by clicking ‘list for sale’ in the ‘More Options’ drop-down. You’ll then be able to select up to 30 items to list at once.” 


The digital assets marketplace has launched several partnerships and innovations on its platform to restore its market health in the past couple of weeks. In September, OpenSea collaborated with Warner Music Group to permit music artists to assemble and expand their music fanbase in the web3 community. 


Last week, OpenSea NFT marketplace expanded its service proposing to incorporate NFT projects based on Ethereum Layer-2 scaling solution Optimism. Additionally, OpenSea recently declared plans to support Arbitrum, permitting clients to buy and sell NFTs minted on Ethereum roll-up. 


OpenSea expects the new developments, including its new functionality permitting bulk NFT purchases and listing on the marketplace, will push back its market health to a positive trajectory moving forward. 



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Joyashree Dey

CBW - External Analyst

INDIA

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