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The NFT marketplace OpenSea announced it will officially allow users to bulk list and buy up to 30 NFTs in a single flow. OpenSea announced and showed users the new update via Twitter. Here is what we know so far.
About OpenSea’s bulk NFT listings and offers
On October 5th, OpenSea explained how the new flow will work: “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 – all 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 to cast a wider net and make trading NFTs easier.
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 per cent. 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.