OpenSea is changing everything...

Hello frens, welcome to another issue of NFToday!

I hope y'all are touching enough grass to stay afloat in this market. I've officially removed the crypto widgets from my phone's home screen...

I couldn't BEAR to see anymore red, get it?

Anyways, on to the news!

- Hunter Maier

⛵ OpenSea moves to Seaport!

📉 Toying with $20,000

⚽️ Holt f**king adoption

goblintown.wtf - 3.14 ETH

Murakami Lucky Cat Coin Bank - .666 ETH

PROOF Collective - 60 ETH

IlluminatiNFT - .715 ETH

Note: Floor prices of these may or may not be different when reading this!

Those who've been subscribed to the newsletter for some time may have remembered an article I wrote a few weeks back discussing OpenSea's newest endeavor, Seaport.

For those who have recently joined us or need a refresher, Seaport is a web3 marketplace protocol created with the intent of making OpenSea and other notable marketplaces more efficient. The project was first announced in May and has since sparked talk among the ecosystem.

Today, OpenSea announced its official migration Seaport, along with a brand new slew of additions and improvements. Some of which include:

• A decentralized open-source foundation

• Lower gas fees

• No more proxy deployment (explanation further below)

• Collection offers (finally)

• Simplified signature request

Now for the deep dive!

Open Source Foundation

For those who aren't big on dev talk (which is me, I had to look it up), code that's open source allows anyone to freely view, utilize, redistribute, or modify the existing protocol. To that, I'll let The Rock present the rest...

Lower Gas Fees / RIP Proxy Deployment

According to OpenSea's latest blog post, Seaport is 34.8% more cost-effective than OpenSea's now outdated Wyvern protocol. Using last year's OpenSea ETH volume, this would equate to a total of $480M worth of saved ETH.

(I wanted to add another "wow" gif here, but I think I'd be a bit overwhelming, so imagine it)

Proxy Deployment (that annoying one-time setup fee to use Open-Sea) is no longer required for new users.

These fantastic new additions will significantly benefit new and old users coming into the space.

Collection Offers

You can now place collection-wide WETH offers on your favorite projects to ensure you're getting the best possible price for your desired NFT!

This has been a strategy circulating the ecosystem for some time, yet I picture it becoming a much more prominent aspect of NFT transactions in the coming months!

Simplified Signature Request

When signing smart contracts through OpenSea's new protocol, the message associated with said contracts will be easier for the average person to understand.

This is something that's been getting pushed a ton lately, most notably with Ledger hardware wallets!

Conclusion

With that, OpenSea isn't done innovating. Some new features they've gone on to tease include bulk listings and real-time creator fees.

While an ETA has yet to be determined, I'll be sure to keep you in the loop as soon as new information is released!

Take a look at this week's NASTY red candle; that thing is SCARY!

Bitcoin is currently sitting just above $20,000, and I'm sure it'll sit along that line until we hear what the fed has to say today!

For those who aren't aware, today marks the highly anticipated fed meeting, where many economists have predicted a 75 basis point increase.

Today might be a rough day for the market...we shall see!

Ever since the creation of NFTs came about, the ability of ticketing has always been one of the technology's most intuitive selling points.

While many events worldwide have begun implementing NFT ticketing, nothing comes close to the pure size and coverage that the Olympics gets.

Michel Cadot, the Paris 2024 Olympics coordinator, proposed that Olympics ticketing should be done exclusively through NFTs using blockchain technology.

No...this wasn't just a slight proposal or a tweet; Cadot issued a 30-page explaining why and how this should be implemented.

Imagine the talk, exposure, and adoption that web3/NFT technology would get following something like this. INSANE!

More on the proposal and story can be found here!

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My Twitter: https://twitter.com/NFTpublisher

• 👍 IT WAS INCREDIBLE!!!

• 😐 It was alright!

• 👎 Could've been better.

Nothing mentioned above is financial advice, this newsletter is created for nothing more than entertainment purposes!