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Opensea Opens Bulk NFT Listings & Purchases for Users

October 6, 2022
in Blockchain
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Opensea now allows users to list and buy up to 30 items in a single flow on its marketplace, saying that it’s more convenient and way more gas efficient than buying individually.

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Opensea, the largest NFT marketplace, announced in a short Twitter thread its new feature that allows users to bulk list and buy up to 30 items at once from the same chain in a cart before purchasing them all in a single transaction. 

According to the team at Opensea, this would reduce gas fee costs, making the purchasing process more suitable and well organized.

The company explained, saying: “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.”

Recently, OpenSea adopted OpenRarity – a scarcity tracking tool that allows buyers to check the rarity of a specific non-fungible token (NFT). 

In addition, last week, Opensea announced its partnership with US-based global music and entertainment company Warner Music Group to help attract music fans through NFT drops.

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While the marketplace continues to improve with innovation, its volume has plunged dramatically, with a lot of declines in the daily and monthly transactions on the platform. 

According to data from Dappradar, Opensea went from processing $26.44 million worth of NFT transactions on June 5 to only processing $7.79 million worth of NFT transactions on October 4. 

Image source: Shutterstock


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