Opensea to allow users to submit bulk NFT listings and purchases

OpenSea, the digital marketplace for crypto collectibles and non-fungible tokens (NFTs), announced in a series of tweets on October 5 that the platform will officially allow its users to bulk list and buy in bulk up to 30 digital collectibles in a single stream.

In the case of bulk purchasing, the platform will allow its users to add up to 30 items from the same chain to their cart before finalizing their purchases in a single transaction, reducing costs associated with gas fees and allowing the process is more comfortable. and streamlined. The company explained:

“On the Collected Items tab, you can access bulk listings by clicking the “+” symbol when you hover over an item card, or by clicking “list for sale” in the “More Options” drop-down menu “. You will then be able to select up to 30 items to list at once.”

In September, Cointelegraph reported that the digital marketplace had launched a new immersive initiative that allowed creators to launch their NFT collections on their own customizable and dedicated pages, with the hope that this would allow for greater visibility and discovery in the new market home page.

In the same month, global music and entertainment company Warner Music Group (WMG) announced a partnership with the NFT marketplace to provide a platform for select music artists to build and expand their music fan base in the Web3 community.

The innovations to the platform have come at a time when OpenSea’s volume has fallen dramatically, with massive declines in daily and monthly transactions on the platform. The market went from processing $405.75 million in transactions on May 1 to only processing $5 million worth of NFT transactions on August 28.