OpenSea, a digital marketplace for crypto and non-fungible tokens (NFTs), announced in a series of tweets on October 5 that the platform will officially allow users to bulk list and purchase up to 30 digital suites in a single stream.
For bulk purchases, the platform will allow users to add up to 30 items from the same series to their cart before completing their purchases in a single transaction, reducing costs associated with gas taxes and allowing the process to be more convenient and streamlined. The company explained:
On the Bulk Items tab, you can access aggregated listings by clicking the “+” icon when hovering over an item card or by clicking List for Sale in the More Options dropdown. You will then be able to select up to 30 items to be included once.”
In September, Cointelegraph reported that OpenSea had launched a new immersive initiative that enables creators to launch their own NFT collections on their own customizable, customizable pages, hoping that this will provide greater visibility and discoverability on the new Marketplace homepage.
That same month, global music and entertainment company Warner Music Group announced a partnership with NFT Marketplace to provide a platform for select music artists to build and grow their music fan base in the Web3 community.
The innovations in the platform came at a time when OpenSea volume has fallen dramatically, with massive drops in daily and monthly transactions on the platform. The market went from processing $405.75 million in transactions on May 1 to processing only $5 million in NFT transactions on August 28.
