OpenSea, a digital marketplace for crypto collectibles and NFTs, reported in a series of tweets on October 5 that the platform will officially allow its users to list and buy up to 30 digital collectible items in a single stream.
We officially live with bulk listing and purchasing!
You can now list and purchase up to 30 items in one stream on OpenSea.
Let’s look at what this experience looks like in this
In the case of bulk purchasing, the platform allows its users to add up to 30 items from the same chain to their cart before finalizing their buy in one transaction, decreasing costs associated with gas and enabling for a smoother process and streamline. The company said:
“In your collected Items tab, you can enter bulk listings by clicking on the “+” icon when you hover over an item card, or by clicking “List for Sale” in the “More Options” dropdown menu. Thereafter, you can select up to 30 items for the list at a time.”
In September, it was reported that OpenSea had released a new all-in-one initiative that would allow creators to release their NFT series’ on their own customizable and dedicated drop pages, with the hope that the ability to view and provide more discovery on the new homepage of the marketplace.
In the same month, global music and entertainment company Warner Music Group revealed that it is partnering with the NFT marketplace to offer a platform for select musical artists to build and expand their music fanbase into the Web3 community.
Innovations to the platform have come at a time when OpenSea’s volume has fallen sharply, with daily and monthly transactions on the platform plummeting. The marketplace went from processing $405.75 M in transactions on May 1 to just processing $5 M worth of NFT transactions on August 28.