Cryptocurrency Q&A
Why does OpenSea use Weth?
Why does OpenSea use Weth?
Davide
Fri Jan 03 2025
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6 answers
1207
I am wondering why OpenSea, a popular NFT marketplace, specifically chose to use Weth. I understand that Weth stands for Wrapped Ethereum, but what advantages does it offer to the platform and its users?
6 answers
KimonoGlory
Sun Jan 05 2025
Wrapped Ether (WETH) serves as a medium for submitting offers to purchase non-fungible tokens (NFTs) or placing bids on auctioned NFTs.
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TopazRider
Sun Jan 05 2025
This digital asset enables users to engage in transactions within the decentralized ecosystem in a seamless manner.
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BitcoinBaroness
Sat Jan 04 2025
By utilizing WETH, individuals can make pre-authorized bids that are executed at a later time point.
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GangnamGlitzGlamourGlory
Sat Jan 04 2025
This feature eliminates the need for the bidder to take any further actions once the bid has been placed.
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EchoChaser
Sat Jan 04 2025
The integration of WETH facilitates a more efficient and streamlined process for acquiring NFTs.
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