SNEAK PEEK
- SeaDrop, a new safe open source smart contract that will simplify the drop experience and spare developers.
- On August 28, it processed NFT transactions worth $5 million lower than $405 million in May.
- Creators will be able to introduce their NFT collections on their own specialized drop pages as part of this new immersive strategy.
A key component of web3 is composability. For creators and developers to innovate rapidly and securely in this ecosystem, mint logic must be open-sourced, secure, and extensible. SeaDrop, a new safe open source smart contract that will simplify the drop experience and spare developers the effort and technical difficulties involved in establishing their own unique smart contracts, will also be available to project drops on OpenSea.
Today, we’ve open-sourced SeaDrop: the open, permissionless registry that powers @OpenSea’s partnered drops on EVM blockchains:https://t.co/tp35byuAz1
— emo.eth (@emo_eth) October 3, 2022
One of the most crucial and technically challenging components is creating a secure smart contract that can coordinate multi-stage drops; however, thanks to SeaDrop, designers can now completely avoid this step.
The volume of transactions on OpenSea had drastically decreased, both on a daily and weekly basis. On May 1, the market processed transactions for $405.75 million. On August 28, it only processed NFT transactions worth $5 million.
Creators will be able to introduce their NFT collections on their own specialized drop pages as part of this new immersive strategy, which the business thinks will increase visibility and discoverability on the marketplace’s new homepage. Creators will now be able to share photographs and videos, offer team highlights, lay out roadmaps, and more under the customizable drop pages.
The new OpenSea website allows NFT collectors to peruse the drop pages created by artists to advertise their creations. In accordance with OpenSea’s announcement, drop sites collaborate with a collector’s digital wallet service provider to propose the transaction immediately without requiring the user to leave the landing page or worry about visiting an unidentified third-party website.
On the drop pages, there will be a countdown clock, information regarding the drop, and a schedule for when coins will be minted. It will also have an alert option to let collectors know about significant NFT schedules.
The company is reportedly providing creators with the technological foundation they need to mint their works with the new drop experience without sacrificing individuality, according to the release. Collectors can make a single trustworthy stop for both sales and minting.
