<p>Despite market challenges and rising competition from platforms like Blur, offering zero trading fees, <a href="https://tradedog.io/opensea-unveils-deals-the-game-changing-peer-to-peer-nft-trading-feature/" rel="noopener noreferrer nofollow">OpenSea</a>, a leading NFT marketplace, witnessed a significant drop in trading volume. In June &#39;23, trading volume amounted to only $105 million, down from $600 million the previous year, causing OpenSea to slip to Number 2 after Blur. However, the platform is actively working to regain its position by introducing new features.</p><p>On July 20, OpenSea unveiled &#39;Deals&#39; through a Twitter announcement. Let&#39;s delve into this feature and see the community&#39;s response.</p><h2 id="header-0">What are OpenSea Deals? </h2><p>OpenSea Deals enables users to swap NFTs with each other and include WETH as part of the offer. Currently, users only bear gas fees, with no additional platform fees or royalties. Each deal can include up to 30 NFTs, provided they are from verified collections on the same chain.</p><h2 id="header-1">Benefits Trustworthy: </h2><p>Deals facilitate NFT trading between users without the need for direct messaging, enhancing trust and protecting against fraudulent transactions. User-Friendly: Users can trade a combination of NFTs and add WETH, promoting fair deals and direct engagement with collectors. The process is straightforward and explained below. Powered by Seaport: Seaport ensures efficient NFT exchange, reducing gas fees. How to Make a Deal on OpenSea Simply input the recipient&#39;s wallet address, ENS name, or OpenSea username. Click on &#39;Make a Deal&#39; in the profile icon dropdown menu. Select the recipient and the eligible items you want to receive. Choose the items you wish to offer in exchange. Include optional WETH amount. Review and send the deal. Receive confirmation and view all deals in the profile&#39;s Deals tab. Community Feedback The announcement received mixed responses, with some users criticizing it as a basic feature available on other platforms. Others labeled it as one of OpenSea&#39;s worst moves, alongside other recent features like disabling royalties and launching OpenSea Pro.<br /><br /></p><img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/368e5090397545afb542dc1d8c8e4c4f.jpg" /><p>Notwithstanding this feedback, many users remained optimistic, referring to it as a secure platform for NFT trading and a deterrent against P2P scams.</p><p></p><img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/ab7422186d444368916fd6a26949d3e3.jpg" /><p></p><h2 id="header-2">Conclusion</h2><p>The true impact of OpenSea&#39;s new features will unfold over time. However, amidst mounting competition from other NFT marketplaces, OpenSea faces the challenge of retaining its status as the premier NFT platform. To achieve this, OpenSea must actively address user concerns and prioritize the promotion of NFTs crafted by independent artists while safeguarding their rights.</p>

OpenSea Introduces 'Deals': The Revolutionary Peer-to-Peer NFT Trading Feature

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