The NFT marketplace OpenSea announced it users can now list and buy up to 30 NFTs in a single flow. The marketplace announced and showed users the new update via Twitter, stating ‘we’re officially live with bulk listing and buying!’. So, let’s take a look at how you can bulk-list and bulk-buy on OpenSea.
How can I Bulk List on OpenSea?
On October 5th, OpenSea explained how the new flow works through a post on Twitter. “In your collected items tab you can access bulk listings by clicking on the “+” symbol when you hover over an item card or by clicking “list for sale” in the “More Options” drop-down. You’ll then be able to select up to 30 items to list at once.”
With regard to bulk purchases, you can now add up to 30 NFTs from the same chain to your cart before you buy. Then, buy all of these in a single transaction. In addition to being more convenient, it is more gas-efficient than buying NFTs individually.
OpenSea’s new update comes after other marketplaces, like LooksRare and Magic Eden, introduced this feature with some success. Therefore, it makes complete sense that OpenSea is introducing this feature. The move aims to cast a wider net and make trading NFTs easier. Additionally, OpenSea is aiming to make NFT trading more accessible by hiring a new social media manager to educate audiences about NFT trading.
Recent updates from the popular NFT marketplace
OpenSea launched a venture in September for creators to launch their collections via customisable drop pages. This move makes OpenSea more creator-friendly and helps creators expand their collection’s brand.
In the same month, the NFT marketplace announced OpenRarity – a new NFT rarity protocol. This new protocol sets precedence when it comes to NFT rarity ranking, with an innovative, objective calculation method. In addition, OpenSea has also changed its policy on stolen NFTs and is aiming to address the problem of stolen NFTs at its root.
These changes come amid news that OpenSea’s trading volume has gone down by 99 percent. Data from DappRadar showed that transactions worth $9.34 million were completed on Sunday, 28 August, as opposed to the $2.7 billion transacted just weeks before, on 1 May.
All investment/financial opinions expressed by NFTevening.com are not recommendations.
This article is educational material.
As always, make your own research prior to making any kind of investment.
