Seaport Surfaces From OpenSea For NFT Bartering

The platform stated that it does not have a command on the Seaport protocol — will be just one, amongst several, developing on this protocol.
Seaport users will be allowed the option to get their hands on NFTs by providing assets other than payment tokens such as ETH.
A few individuals showed their confusion regarding the latest concepts of this new marketplace protocol.

OpenSea Unveils Seaport

OpenSea, the biggest NFT marketplace has made an announcement regarding the launch of their Web3 marketplace protocol for selling and acquiring NFTs efficiently and securely.

In a blog post shared by OpenSea, it said that Seaport, the marketplace protocol, will provide a unique barter system like mechanism, allowing users to exchange NFTs by providing assets other than tokens such as Ethereum.

As per the platform, folks can agree to supply ERC1155, ERC721, ERC20, ETH items in exchange for a non fungible token, implementing bartering as an integration of tokens as a payment mechanism.

Additionally, users of Seaport will specify which criteria — for instance, specific traits on NFT artwork or chunks of a collection — they want to offer. Seaport will also support tipping, until the amount is under the original value of the artwork.

OpenSea Won’t Be Sailing The Ship Here

As per OpenSea, it will not have a command on SeaPort protocol — and they will serve as one amongst several, developing over this shared protocol. It further added that, As the adoption rises and devs are offering more use cases, the organization is accountable to keep each other safe.

Introducing Seaport, a brand new web3 marketplace protocol for safely and efficiently buying and selling NFTs.
With an emphasis on flexibility and optimizations, Seaport has been built to support new and evolving use-cases for where NFTs are heading.https://t.co/3lUQIQm0km
— OpenSea (@opensea) May 20, 2022

A few social media users wnet skeptical regarding this latest protocol. A Twitter user called or others to check out how Seaport compared to 0x v4 NFT swaps, while another one said that how both, trading NFTs and ETH for a token would be announced on tax forms.

So with seaport you can offer an NFT for an NFT… essentially bartering? If I’m understanding correct.
Say I want to purchase a Bored Ape I could offer 30 ETH a Mutant and a Cool Cat instead of just purchasing it via opensea?
— Cloud (@CloudNFT_) May 20, 2022

Launch of Seaport followed announcement by OpenSea when it acquired Gem back in April, an NFT marketplace aggregator, focusing on betterment of user experience.

Source: https://www.thecoinrepublic.com/2022/05/21/seaport-surfaces-from-opensea-for-nft-bartering/