OpenSea’s ‘Deals’ Feature Facilitates NFT Swapping

OpenSea, the leading NFT marketplace, has recently unveiled its latest feature called Deals. This new functionality allows users to securely and hassle-free swap their NFTs with others. With Deals, OpenSea aims to enhance the overall trading experience and open up a world of possibilities.

In a nutshell, Deals enable flexible NFT exchanges on the platform. Users can offer a combination of their NFTs in exchange for a bundle of someone else’s NFTs. What’s even more enticing is that users can sweeten the deal by including WETH (Wrapped Ether) as part of their offer. This creates a win-win situation for both parties involved.

To ensure smooth and efficient transactions, OpenSea has partnered with Seaport, a reliable and gas-efficient protocol in the NFT space. By leveraging Seaport’s capabilities, OpenSea eliminates the need for sketchy direct messages or third-party websites. All transactions take place directly on the OpenSea platform, providing a secure and trusted environment for users.

Using the Deals feature is a straightforward process. Users simply need the wallet address, ENS name, or OpenSea username of the person they want to trade with. Armed with that information, they can proceed to the “Make a Deal” section. It’s important to note that the person accepting the deal will handle the gas fee. However, it’s worth mentioning that the OpenSea fee and any earnings for the creators are currently not included in Deals transactions.

To make a deal, users need to follow these simple steps:

1. Hover over their Profile icon and select “Make a deal.”
2. Enter the username, ENS name, or wallet address of the trading partner.
3. Browse the partner’s eligible items and select the desired ones for the deal (users can choose up to 30 items).
4. Click “Next.”
5. Review the collected items and choose the ones to be sent as part of the deal.
6. Optionally, add WETH to the deal.
7. Click “Next.”
8. Review the proposed deal and click “Send deal.” Users may need to approve the collection on OpenSea before finalizing the transaction.

Once the deal is sent, users will receive a confirmation message on the OpenSea platform. To stay updated on all active deals, users can visit the Deals tab in their profile. It’s important to note that users have the option to cancel proposed deals, but there may be a gas fee involved.

OpenSea’s Deals feature aims to revolutionize the way NFTs are swapped. With its flexibility, security, and trusted environment, it offers a fantastic trading experience for users. So, start exploring the endless possibilities and happy trading on OpenSea!

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