OpenSea NFT Marketplace Onboards Polygon (MATIC) into Seaport Protocol

The endless sea of non-fungible tokens welcomes aboard Polygon for some long-desired features.

OpenSea NFT Marketplace Onboards Polygon Matic Into SeaPort Protocol

OpenSea, the leading marketplace for all types of NFTs, announced today that the prosperous Polygon (MATIC) network will be included in the marketplace’s brand new Seaport Protocol. The protocol saw the light of day in June, as OpenSea decided to switch to a more energy-efficient way of maintaining their marketplace, along with some extra features.

Seaport Welcomes Aboard Polygon (MATIC) – What To Expect?

As the new Web3 protocol has already been tested on Ethereum (ETH) blockchain, the extra features and a relatively low cost of maintenance proved the protocol to be beneficial on other blockchains too. Therefore, some big changes are coming to OpenSea with the integration of Polygon (MATIC). The most important one is being able to use the Polygon (MATIC) cryptocurrency on all transactions on OpenSea. Other new features worth mentioning include:

Moreover, the Seaport protocol works differently than most NFT marketplaces. For instance, OpenSea now uses an “offer & consideration” mechanism instead of a peer-to-peer transaction. This creates an advanced deal where buyers can supply any agreed amount of digital items in Ethereum (ETH) or ERC20, ERC721, and ERC1155. For the deal to go through, the receiver must accept the items indicated by the buyer; this step is called “the consideration.”

$460M of Fees Erased Thanks to Seaport NFT Protocol

Furthermore, OpenSea revealed that one of the reasons behind the switch to Seaport protocol was the high Ethereum (ETH) gas fees. As the second largest crypto asset is waiting for the highly anticipated ‘The Merge’ upgrade, compared to the current network setup it would save a whopping $460 million in fees annually.


Easier to read transaction confirmations are great, but for those who haven’t registered on OpenSea yet, the news is even better: new users won’t have to pay the initialization fee. According to OpenSea, this move alone will help the renowned NFT community save up around $120 million per year.

On the Flipside

Why You Should Care

With many crypto & blockchain companies aiming to switch to an eco-friendly, cost-effective way of maintenance, OpenSea is leading the way in the NFT market. The most popular NFT marketplace of all time can add millions to the total market capitalization if the move proves to be successful.

Learn more about OpenSea’s recent updates and crypto community feedback


Find out what record OpenSea NFT marketplace set earlier this year

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Tadas Klimasevskis

Tadas Klimaševskis is a Lithuanian journalist at DailyCoin, specializing in covering the lighter side of the crypto industry such as memecoins and pop culture in the metaverse. He has experience as a music artist, English language teacher, and freelance writer, and uses his creative writing skills to summarize valuable information in his work. He is also a strong believer in the potential of blockchain and spends his free time listening to music, traveling, and watching basketball games.