OpenSea Introduces a New Feature: Make a Deal

NFT marketplace leader OpenSea has announced a new feature for its users. The feature, called Make a Deal, was announced in the evening and is already available on OpenSea. With this feature, you can offer one or more of your NFTs in exchange for another user’s NFTs. Additionally, you can add ETH as part of your offer. This announcement suggests that we may see more trading transactions in NFT buying and selling.

How to Use OpenSea Deals?

To get started, all you need is to search for the wallet address, ENS name, or OpenSea username of the person you want to make a deal with on the OpenSea Deals page. Users who accept the deal can complete the transaction by paying the gas fee, similar to offers.

The fees paid for the deal do not include the OpenSea commission fee and collection commission fees. This feature is for NFT collections that are visible on a user’s profile (not hidden) and verified by OpenSea, following the ERC-721 standard.

How to Make a Deal?

1. Hover over your profile icon and select “Make a Deal.”
2. Enter the username, ENS name, or wallet address of the person you want to make a deal with.
3. Browse through the available items and select the NFT or NFTs you want to acquire (up to 30 NFTs can be selected).
4. Click on “Next.”
5. Review your collected NFTs and select the NFT or NFTs you wish to send.
6. Optionally, add the WETH you offer in the deal.
7. Click on “Next.”
8. Review and send the deal you offered. You may be prompted to confirm the gas fee before confirming the transaction.

When the deal is sent, you will see a confirmation message at the bottom of the screen. You can view all your active deals in the “Deals” tab on your profile and cancel active deals by paying the gas fee.

With this new feature provided by OpenSea, NFT trading transactions can be done more easily and quickly. You can enrich your collection and interact with other users in NFT trading.