OpenSea to Launch New NFT Protocol Version with Plugins

OpenSea and the developers of Seaport have unveiled Seaport 1.6, the latest iteration of the NFT marketplace protocol within the EVM ecosystem. 

OpenSea and the Seaport Working Group are thrilled to unveil Seaport 1.6 — the latest generation of the most advanced NFT marketplace protocol in the EVM ecosystem.

Seaport 1.6 introduces a new capability enabled by the recent Ethereum Dencun upgrade called Seaport hooks ?.… pic.twitter.com/EsdLebCq20

— OpenSea (@opensea) March 20, 2024

The main feature of the new version is the introduction of “Seaport Hooks,” similar to Uniswap v4. These will enable developers to create plugin applications that “significantly enhance the utility and liquidity of NFTs.”

“Seaport ultimately represents a protocol for peer-to-peer sales on the network. When you can write smart contracts that ‘react’ to these sales, a multitude of interesting possibilities arise, especially if these smart contracts are NFTs themselves,” stated the OpenSea blog.  

Thanks to the Dencun upgrade on the Ethereum network, NFT sales can gain liquidity “from anywhere on the blockchain,” not just from the buyer’s and seller’s wallets.

Additionally, NFTs can be programmed to “react” to sales under certain conditions, such as by altering metadata based on the transaction volume.

The developers also plan to integrate price oracles into the trading process. 

Seaport 1.6 will launch on March 25, with support for the previous version of the protocol ending on April 1. 

In February, it was reported that OpenSea was working on updating the NFT platform to version 2.0, which will offer an enhanced user interface and improved asset differentiation.