CNP Roadshow July 21st【OpenSea Deal (trading) Function】

22/07/2023

Radio 04:41

OpenSea Deal (trading) Function

Trading Volume	2ETH	Number of owners	5498
FP	0.57ETH	Number of listings	187

CNP Analysis by 16snow

CNP OpenSea Trade and Deal functions are now available!
Until now, you could only buy NFTs or sell NFTs.
The act was to exchange NFT for ETH.

This new OpenSea new feature is the ability to exchange NFTs that you have for NFTs that the other party has
If the value of the NFTs are different, they cannot be exchanged, so you can now add ETH to the NFTs and exchange the value of the NFTs.

https://twitter.com/omochibigaku/status/1682129414090547200?s=20

Select the NFT you want from the other person’s wallet, and select the NFT you can give in exchange.
If necessary, you can indicate the Eth you want to add.

If the other party approves of this, the exchange can take place.
You don’t have to worry about whether they will actually send it to you or not.

Note that only transactions between the same chain are allowed.
For example, you cannot exchange ETH for Polygon NFTs.

Also, not all collections can do this, only those with the blue approval mark.
Once you achieve a handling volume of about 100 ETH, you can apply for an approval mark.

How can we use this?
It would be interesting to be able to do something that we could not do before
What we have to be careful of is still fraud!

Someone might prepare a fake collection and make an offer to exchange it for the other party’s NFT
We need to make sure that the collection is not only a picture, but also that it is properly verified to be accurate
What kind of fun things will CNP be able to do now that we have the ability to trade NFTs?
We feel it will make CNP more collectible.
Until now, if you had several CNPs, you could enjoy collecting, for example, just the Mitama, or just the Rainbow, or even different characters for all of them.

Now you can collect the NFTs you want in the form of exchanges.
It is good that there are more ways to play.
The ideal is to distribute the CNP to many people and have many people own CNP.
But there are still less people who can buy NFTs with ethereum than the number of CNPs, which is still 22,222
It is also very important to have a few for each person now

As you mentioned the word “wallet design”, you can have a collection of NFTs.

CNP that you may think of giving away at the time of BurNin’ may be a very nice CNP that someone else may want to have.

We hope we can think together about how we can enjoy CNP more with this trade function!