OpenSea saw a huge drop in volume over the course of the last few months, when innovations to the platform were made. From May 1 to August 28, the platform processed $405.75 million worth of NFT transactions, but only $5 million worth of NFT transactions were processed on August 28.
On Oct. 5, OpenSea, a crypto collectibles and NFT platform, announced that it would officially enable its users to bulk list and bulk purchase up to 30 digital collectibles in a single flow.
You can now list and buy up to 30 items in a single flow on OpenSea, as of October 5th. Following are the steps to get a feeling for what this looks like:
Reducing costs associated with gas fees and allowing the process to be more convenient and streamlined, this platform’s bulk buying feature will allow users to add up to 30 items from the same chain to their cart before completing the purchase in one transaction. Because of this, it will be more convenient and streamlined and save them on gas fees.
OpenSea, a recently established NFT marketplace, has provided a new immersive strategy to help creators launch their NFT collections on their own customizable and dedicated drop pages, hoping that this will enable for increased visibility and accessibility.
“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.”
In September, global music and entertainment company Warner Music Group announced a partnership with the NFT marketplace to provide a platform for select musical artists to build and extend their music fanbase into the Web3 community.
On OpenSea, innovation has occurred during a time when the volume of transactions has fallen catastrophically, from $405.75 million on May 1 to only $5 million on August 28. The marketplace went from processing $405.75 million in transactions on August 28 to only $5 million on Aug. 28.