OpenSea Is Migrating to New Protocol Seaport

OpenSea is migrating to Seaport, a new Web3 marketplace protocol designed for safely and efficiently buying and selling NFTs. It's open source, inherently decentralized, and at launch OpenSea's improvements include: lower gas costs; the ability to make offers on entire collections or on multiple items with specific attributes (traits); new OpenSea users will no longer have to pay an account initialization fee (proxy deployment); signatures to confirm actions using wallet will be easier to read and understand. It is reported that using Seaport for transactions can save an estimated 35% on gas fees. At the same time, Seaport also allows OpenSea users to quickly build Collection Offer new features. In addition, Seaport will help OpenSea roll out new features for bulk purchases faster.