Quick take: 
<ul> 
 <li>OpenSea has introduced a new feature called Deals.</li> 
 <li>It will allow users to trade NFTs through peer-to-peer swaps.</li> 
 <li>Traders search for NFTs that they would like to swap for in the marketplace and then complete the deal by offering one of theirs from their wallet.</li> 
</ul> 
OpenSea has introduced a new feature that lets users swap <a href="https://www.nftgators.com/what-is-an-nft/" rel="noopener noreferrer nofollow">NFTs</a>. The NFT marketplace in Friday posted a tweet announcing Deals, a new feature that allows traders to acquire new NFTs using theirs in place of crypto or fiat. 
Deals’ announcement comes on the back of a series of partnership reveals that saw the company launch the Opepen collection. 
A few days ago, OpenSea hinted it was announcing a new feature soon, with two hands embrace.&nbsp; 
According to the company’s tweet on Thursday, traders can swap multiple low-value NFTs for a single high-value NFT, or even top up the balance using WETH.&nbsp; 
Deals comes at a time when the NFT market is under pressure from declining venture funding and falling floor prices. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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 <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 OpenSea Deals are… <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f916.png" alt="🤖" class="wp-smiley" style="height: 1em; max-height: 1em;">Flexible: offer a combo of your NFTs for a combo of theirs — and sweeten the deal with WETH <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f512.png" alt="🔒" class="wp-smiley" style="height: 1em; max-height: 1em;">Powered by Seaport: the most gas-efficient and vetted protocol in NFTs <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f91d.png" alt="🤝" class="wp-smiley" style="height: 1em; max-height: 1em;">Trusted: no more sketchy DMs &amp; websites – offer, view, &amp; accept deals directly on OpenSea <a href="https://t.co/WJ70fh5lLi" rel="noopener noreferrer nofollow">pic.twitter.com/WJ70fh5lLi</a>— OpenSea (@opensea) <a href="https://twitter.com/opensea/status/1682077994502815745?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 20, 2023</a> 
 </blockquote> 
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div> 
</figure> 
The new feature also eliminates the risk of dealing with traders via direct messaging, which at times can lead to a loss of assets in wallets. Traders can offer, view, and accept deals directly on OpenSea.&nbsp; 
To swap an NFT for another, all users need to do is search a user by name, and set a time limit on how long they want the deal to remain open. The transaction is completed by vising their wallet and sending the NFT they would like to use in the deal, OpenSea user RainyReece <a href="https://twitter.com/rainyreece_/status/1682082515106910209" target="_blank" rel="noopener noreferrer nofollow">demonstrated</a> the process on Twitter. 
OpenSea has lost its position as the <a href="https://www.nftgators.com/best-nft-marketplaces/" rel="noopener noreferrer nofollow">leading marketplace</a> to Blur. However, the platform still has the highest number of listed collections and user accounts, which showcases its potential to bounce back with the introduction of the right features. 
Deals is powered by <a href="https://www.nftgators.com/opensea-launches-new-web3-marketplace-protocol-named-seaport/" rel="noopener noreferrer nofollow">Seaport</a>, OpenSea’s advanced NFT trading platform launched in June 2022. 
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The post <a rel="noopener noreferrer nofollow" href="https://www.nftgators.com/opensea-introduces-deals-to-enable-direct-nft-swaps/">OpenSea Introduces Deals to Enable Direct NFT Swaps</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://www.nftgators.com">NFTgators </a>.

OpenSea Introduces Deals to Enable Direct NFT Swaps

NFTgators

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