OpenSea, the leading non-fungible token (NFT) marketplace, has announced that it will offer gas-free re-listings for users who were affected by the recent Seaport v1.5 upgrade.
The upgrade, which was released on June 14, resulted in the automatic delisting of some NFTs for users who were still using the previous API. OpenSea has since fixed the issue, but it has offered gas-free re-listings as a way to compensate users for the inconvenience.
Gas fees are a type of transaction fee that is required to use the Ethereum blockchain. They can be expensive, especially during periods of high network activity. By offering gas-free re-listings, OpenSea is waiving this fee for users who need to re-list their NFTs.
The Seaport v1.5 upgrade is a significant improvement to OpenSea’s trading protocol. It introduces a number of new features, including:
Improved security: Seaport v1.5 uses a new signature scheme that makes it more difficult to forge orders.
Reduced gas fees: Seaport v1.5 uses a new auction format that can reduce gas fees by up to 80%.
More flexible payment methods: Seaport v1.5 supports a wider range of payment methods, including ETH, USDC, and DAI.
Overall, the Seaport v1.5 upgrade is a major step forward for OpenSea. It makes the platform more secure, efficient, and user-friendly. The gas-free re-listings are a welcome gesture to users who were affected by the initial upgrade.
As the NFT market continues to grow, OpenSea is committed to providing the best possible user experience. The Seaport v1.5 upgrade is a significant step in that direction.
This information is published by the NFT News media team.
