Non-fungible token (NFT) market OpenSea has actually introduced its brand-new platform, OS2, concluding its beta stage.
The business stated the upgraded platform enables complete token trading throughout 14 blockchains, consisting of assistance for fungible tokens on Solana. It likewise presents tools that intend to improve crosschain performance. These modifications indicate a shift for OpenSea, placing it as a more thorough platform beyond NFTs.
OpenSea chief marketing officer Adam Hollander informed Cointelegraph that the platform constantly thought in a wider concept that whatever onchain ought to be liquid and visible in one location.
” OS2 lets a collector mint an NFT on Solana, swap a video gaming token on Ronin and purchase a memecoin that was simply developed, all from a single wallet circulation,” Hollander stated. “Users were currently managing half a lots DApps and bridges; we structured that experience.”
OpenSea officer states NFT travelers left while real users remained
Regardless of a wider market cooling, OpenSea sees appealing indications of user retention and development. Hollander informed Cointelegraph that while volumes might be below its 2021 to 2022 peak, weekly special collectors on OpenSea are up by 40% considering that January. He included:
” That informs us the travelers left, however the real users remained, and they’re taking part in more chains than ever.”
OpenSea’s information lines up with a wider pattern amongst NFT purchasers. Distinct NFT purchasers increased to 936,000 in Might, up 50% from April’s 622,000. The month likewise saw NFT month-to-month volumes’ very first uptick in 2025 after going through a five-month decrease.
Hollander informed Cointelegraph there’s still “genuine power” in provable digital ownership. “As soon as you can show you own something onchain, entire markets open,” Hollander included, pointing towards real-world properties (RWAs) getting steam.
From April 15– 22, NFTs on the RWA market Yard, a platform that utilizes NFTs to tokenize physical trading cards, reached a sales volume of $20.7 million. This permitted Polygon to surpass Ethereum in weekly NFT sales.
” New tech is generally attempted in one narrow method very first and after that develops into even more effective applications,” Hollander stated.
Related: Rapid currency debasement: ‘You do not own sufficient crypto, NFTs’
NFT service success depends upon energy
Regardless Of being below the peak, the NFT area can still pay for groups with the appropriate method, Hollander informed Cointelegraph.
” Success streams to companies that keep including genuine energy and alternatives for users, which is why we stay the home for NFTs and are now buying opportunities like cross‑chain token trading,” Hollander stated.
Publication: Pranksy: Inside the confidential life of an NFT legend– NFT Collector