NFT: the new version of OpenSea reduces your transaction costs

NFTs victims of their own success – That Non-fungible tokens (NFT) is like the rest of cryptocurrencies: a innovation extraordinary and promising technology, but also an inexhaustible source offraud of all kinds. And OpenSeaplatform number one, do not escape the phenomenon. Users have been waiting for a response, it has finally come in the form of new features that increase security against ” cryptospam“. Also note that a new one protocol will be deployed to reduce costs in particular. Finally some great news for digital art collectors!

More security and protection on the NFT platform

Over the last few years, we have all noticed the arrival of what is called Spam in our mailboxes. The principle is simple: anyone malicious sends you a message asking you to click on a link. When you click, you open a door to your system and pirate can perform various actions ranging from stealing your data to much worse.

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

To combat this, Devin Finzer, the founder and CEO of OpenSea has just announced on the company’s official blog new features :

  • NFTs are considered ” undesirable will be placed in a special inbox. It’s up to you to checkorigin before clicking on it (as for an email)
  • You can manage this special box by adding – or removing – manually questionable NFTs. In fact, it is also possible that your NFTs end up there by mistake, so you will need to consult it regularly.
  • OpenSea also wants to fight more effectively against the violation of property intellectual. They predict an increase in the number of moderators to reduce the processing time for alerts.

Devin Finzer has some control over it and hopes for it in the future ” removal of this kind of elements from the platform will improve its overall performance. » But the latter also has a little surprise in store for the users.

The NFT platform gets a makeover and strengthens user protection

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Pay less for your transactions? A new protocol implemented

On June 14, the OpenSea platform migrated to a new protocol called Harbor. According to its creators, it is one Game changer ! At least that’s it “open source and, by its very nature, decentralized, which will give anyone the opportunity to develop and create new features”. The most important innovations relate to gas costs and purchase offers after “pick-up” or after “characteristics”.

First of all regarding gas costswe are talking here about a fall in 35% on average over transactions. Which, of course, is good news for all NFT lovers on a tight budget. Then this new protocol will allow the 100 best collections to be opened for new purchase offers:

  • by collection : i.e. for all articles in the same collection.
  • depending on some functions : i.e. for different articles with common properties.
  • by properties specific to different collections.

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

OpenSea has therefore changed its exchange platform to further protect the user and changed its protocol to improve the user experience. The consumer is at the heart of this NFT giant’s concerns and we are happy. Especially when OpenSea had to deal with suspected conflicts of interest by one of its product managers. It was time to restore confidence in customers who were already ravaged by a whimsical market.

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