GM Readers!📪 It's BitDegree Insider, and Friday's already here.
⭐️Today's selection:
- 🚢Deal in The Sea
- 🙌Giveaway Continues!
- 🧩️Answer To Thursday Quiz
- 👌Selected Meme of The Day
- 📰Bite-Sized News
A DEAL IN THE SEA
Or, to put it differently - how the bustling NFT marketplace, OpenSea, has unfurled the sails on a new feature aptly named Deals.
This clever peer-to-peer tool is a beacon for users looking to exchange NFTs directly. Transfers are conducted on the platform itself, streamlining the process to ensure smooth sailing for all users.
Powering the feature is the sturdy Seaport protocol, hailed by OpenSea as the "most reliable and user-friendly in its class." As of now, the claim holds water, but it's interesting to watch how competitors like Blur, Looksrare, and others will respond.
Aboard the Deals vessel, the process is a breeze:
- Choose up to 30 of your precious JPEGs;
- Offer them for exchange to another user's NFT(s);
- Sweeten the deal with some extra wETH, if you fancy;
- Remember, it currently works only with verified collections!
- No need for third-party escrow service. It's all OpenSea, start to finish.
Deals aim to get a grip on the rising tide of scams, offering a more secure harbor for trading. But like any sea, it can be unpredictable - we'll have to see how it fares.
Currently, only tokens from a single chain and approved collections (boasting the OpenSea badge) can be traded. This list is set to expand, though it might churn the waters with increased off-platform manipulations to seal deals. But then again, trading isn't trading without a bit of negotiation, right?
OpenSea reassures users:
"No more suspicious messages and sites. All deals can be proposed, viewed, and concluded directly on OpenSea."
So, you can navigate through the platform with confidence, completing exchanges of up to 30 NFTs and an unlimited number of wETH with ease.
The best part today? Deals sail with zero commission and no royalties - a welcome tailwind for traders. The "buyer" covers the gas fee, making this new feature an irresistible lure for OpenSea adventurers.
Indeed, one might say this feature has been long overdue. Traditional marketplaces like Steam have been navigating much larger markets for in-game skins for quite some time now, and they've done so without the lure of NFT sales.
Yet, the sea of NFTs is vast and largely unexplored. Features like Deals are significant navigational aids that can help adventurers chart a course towards new opportunities.
So, as we head into the weekend, here's wishing everyone smooth sailing. May the wind fill your sails and Deals guide you to exciting new horizons. Happy trading!
TL;DR: OpenSea introduces a new feature called Deals, a peer-to-peer tool for direct NFT exchanges within the platform. Users can trade up to 30 NFTs and wETH without the need for third-party escrow, providing a secure harbor for trading and navigating the unpredictable waters of the NFT marketplace.
GIVEAWAY CONTINUES!
A heartfelt thanks to all who have dived into our innovative and imaginative quests on the Zealy Campaign. Your participation has been nothing short of inspiring!
But hold your breath, because the adventure isn't over yet!
Exciting new quests are now live, waiting for your curious minds and eager clicks. Whether you're a seasoned quest-taker or a newbie, everyone has ample opportunities to claim their prizes. So, why wait? Jump in, join us, and let your Zealy journey unfold. You can do so right here!
Happy questing!
BitDegree LEGEND OF THE WEEK
Thank you so much for reading, sharing, commenting, and letting us know that our work is not in vain!
ANSWER TO YESTERDAY'S QUIZ
Yesterday we asked you to find Elon's wallet. As always, our readers deliver. Most of you, to Elon's relief, managed to find it!
In case you didn't, it was laying right here:
SELECTED MEME OF THE DAY
BITE-SIZED NEWS
- Terraform Labs Requests FTX Data to Strengthen Defense Against Fraud Allegations. Terraform Labs appears to work on forming a solid defense against allegations lodged by US SEC.
- Canadian Cryptocurrency Investors Warned About Home Robberies. Canadian crypto investors are urged not to share financial matters on social media and store financial data in secure locations.
- FTX Initiates Legal Action Over Alleged Misuse of Charity Arm Funds. In the lawsuit, FTX claims that SBF believed that charity donations "would generate goodwill and amass political capital and influence for ."
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With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.