In a series of tweets published on Oct. 5, OpenSea, the number one digital marketplace for crypto collectibles and non-fungible tokens (NFT), announced an updated feature for consumers that will allow them to purchase and list up to 30 items at a time on the platform.
Before this announcement, users could only list or purchase one NFT at a time, and according to some NFT creators, this process was described as “a thorn in the flesh.” Anyone who attempted to upload bulk NFTs had to do so using third-party application integrations.
This is, therefore, a welcome innovation in the right direction that provides users with a more streamlined and convenient way to trade digital assets and collectibles. A process confirmed to be highly effective and gas efficient as it mitigates the expensive cost of gas fees which would usually be incurred if one were to purchase 30 items separately.
This comes barely a month after the NFT giant launched Seadrop, a smart contract that allows easier creation and distribution of NFTs on the Opensea marketplace.
The purpose of this article is to provide you with a guide to help walk you through the process.
Bulk NFT Listing on Opensea
To list your bulk NFT on Opensea, you must first connect your crypto wallet to the website and head over to the tab that contains your collected items. As you hover on a particular item, click on the + sign at the top right corner of each item. The drop-down menu “More options” also offers the option to list for sale.
It is to be noted that attempting to list bulk NFTs from the “Create” section of the website will not grant the same purpose, as it only allows the listing of one NFT per transaction.
Bulk NFT Purchase on Opensea
The process of buying bulk NFT on Opensea is relatively straightforward. All you have to do is hover on the particular NFT you want to purchase and click on “Add to cart,” and the NFT will be added to your cart. And like every other regular shopping platform, you will have to confirm the choices of NFTs you wish to buy, all that is required is that you complete the trade by making a payment.
While the process may seem easy, all bulk items listed or purchased must be on the identical blockchain. For instance, you can buy five NFTs from the Mutant Apes and another three NFTs from the Bored Apes Yacht Club. However, you cannot buy a BAYC NFT and an Anthros in a bulk transaction since they do not exist on the identical blockchain.
It is the goal of every marketplace to continue to innovate and strive to improve user experience on their platforms. And despite the present market fluctuations, thousands of NFT marketplaces have popped up, offering unique features to make NFT trading more efficient and successful. As new features like this become available, they may drive improved trade volumes making the platform a better place for NFT creators and users.