The DeFi Report - Sponsor Image The DeFi Report - Industry-leading crypto research trusted by finance pros. Friend & Sponsor Learn more


What's in OpenSea OpenSea 2.0?
Published on Nov. 5th, 2024

Sponsor: Kraken Kraken NFT — Kraken NFT is built for secure NFT trading.

.  .  .
ANALYSIS
What's in OpenSea 2.0? 5 Possibilities to Watch For
Bankless Author: William M. Peaster

OpenSea has faced big competition from Blur Blur and Magic Eden Magic Eden in recent years, but the veteran heavyweight has the potential to gain back ground with its upcoming revamp. 

That's because this week the marketplace announced that it had rebuilt its platform "from the ground up" and would be launching the OS2 experience in December 2024.

Beyond that, no specifics about the makeover have been revealed yet, but there are a handful of things that we can speculate could be coming based on various industry trends.

For today's post, let's explore the most interesting possibilities to watch out for around OpenSea 2.0! 👇


FRIEND & SPONSOR: KRAKEN NFT

Kraken NFT is one of the most secure, easy-to-use, and dynamic marketplaces available. Active and new collectors alike benefit from zero gas fees, multi-chain access, payment flexibility with fiat or 200+ cryptocurrencies, and built-in rarity rankings. Learn more at Kraken.com/nft

.  .  .
TOOL TIP
ArtRun

This fall, Zora introduced onchain secondary markets

In other words, through the new ERC-20z model, when an NFT drop on Zora reaches 1,111 mints, a 24-hour countdown is triggered. 

After that countdown, you can switch from NFT mode to fungible token mode and vice versa, with an associated Uniswap liquidity pool automatically launched to handle secondary sales in perpetuity. 

It’s an innovative approach, and it’s given rise to new interest around “artcoins”—i.e. fungible and non-fungible cryptoart hybrids. 

This whole mechanism is abstracted away under a simple “Collect” button on the Zora website and mobile app. But what if you wanted to dive deeper and trade these artcoins more traditionally like altcoins?

Here, cue in ArtRun. It’s an alternative Zora client that operates atop the underlying Zora protocol to create a streamlined artcoin trading hub. 

For instance, I dropped an NFT on Zora last week that’s now trading as an artcoin, which automatically received a dedicated ArtRun trading page upon launching on Uniswap. These pages make it easy to check your holdings, switch between NFT and token modes, and make trades as you please. 

Keep in mind, too, that the ArtRun homepage is also a discovery hub that features prominent and trending projects. It’s worth checking out if you’re just beginning to go deeper into the Zora ecosystem!


No Responses

Ni conseil financier ni fiscal. Le contenu Bankless est strictement éducatif et ne constitue pas un conseil en investissement ni une sollicitation à acheter ou vendre des actifs ou à prendre des décisions financières. Cette newsletter ne constitue pas un conseil fiscal. Parlez-en à votre comptable. Faites vos propres recherches.

Divulgation. Il peut nous arriver d’ajouter des liens vers des produits que nous utilisons dans cette newsletter. Nous pouvons recevoir une commission si vous effectuez un achat via l’un de ces liens. De plus, l’équipe Bankless détient des actifs crypto. Consultez nos divulgations d’investissement ici.

Ce site est protégé par reCAPTCHA.

Lire Bankless en : English - Spanish - German - French

Ni conseil financier ni fiscal. Le contenu Bankless est strictement éducatif et ne constitue pas un conseil en investissement ni une sollicitation à acheter ou vendre des actifs ou à prendre des décisions financières. Cette newsletter ne constitue pas un conseil fiscal. Parlez-en à votre comptable. Faites vos propres recherches.

Divulgation. Il peut nous arriver d’ajouter des liens vers des produits que nous utilisons dans cette newsletter. Nous pouvons recevoir une commission si vous effectuez un achat via l’un de ces liens. De plus, l’équipe Bankless détient des actifs crypto. Consultez nos divulgations d’investissement ici.

Ce site est protégé par reCAPTCHA.

Rechercher sur Bankless