2 days ago
Non-fungible token (NFT) marketplace OpenSea has officially launched its caller platform, OS2, concluding its beta phase.
The institution said the updated level allows afloat token trading crossed 14 blockchains, including enactment for fungible tokens connected Solana. It besides introduces tools that purpose to heighten crosschain functionality. These changes awesome a displacement for OpenSea, positioning itself arsenic a much broad level beyond NFTs.
OpenSea main selling serviceman Adam Hollander told Cointelegraph that the level ever believed successful a broader thought that everything onchain should beryllium liquid and discoverable successful 1 place.
“OS2 lets a collector mint an NFT connected Solana, swap a gaming token connected Ronin and bargain a memecoin that was conscionable created, each from a azygous wallet flow,” Hollander said. “Users were already juggling fractional a twelve DApps and bridges — we streamlined that experience.”
Source: OpenSeaOpenSea exec says NFT tourists near portion existent users stayed
Despite a broader marketplace cooldown, OpenSea sees promising signs of idiosyncratic retention and growth. Hollander told Cointelegraph that portion volumes whitethorn beryllium down from its 2021 to 2022 peak, play unsocial collectors connected OpenSea are up by 40% since January. He added:
“That tells america the tourists left, but the existent users stayed, and they’re participating successful much chains than ever.”OpenSea’s information aligns with a broader inclination among NFT buyers. Unique NFT buyers roseate to 936,000 successful May, up 50% from April’s 622,000. The period besides saw NFT monthly volumes’ archetypal uptick successful 2025 aft going done a five-month decline.
Hollander told Cointelegraph there’s inactive “real power” successful provable integer ownership. “Once you tin beryllium you ain thing on‑chain, full industries unfastened up,” Hollander added, pointing toward real-world assets (RWAs) gaining steam.
From April 15–22, NFTs connected the RWA marketplace Courtyard, a level that uses NFTs to tokenize carnal trading cards, reached a income measurement of $20.7 million. This allowed Polygon to overtake Ethereum successful play NFT sales.
“New tech is usually tried successful 1 constrictive mode archetypal and past evolves into acold much almighty applications,” Hollander added.
Related: Exponential currency debasement: ‘You don’t ain capable crypto, NFTs’
NFT concern profitability depends connected utility
Despite being down from their peak, the NFT abstraction tin inactive beryllium profitable for teams with the close strategy. When asked if moving an NFT concern is inactive profitable, Hollander told Cointelegraph that it would beryllium connected the business’s attack to utility.
“Profitability flows to businesses that support adding existent inferior and options for users, which is wherefore we stay the location for NFTs and are present investing successful avenues similar cross‑chain token trading,” Hollander said.
Magazine: Pranksy: Inside the anonymous beingness of an NFT fable — NFT Collector
English (US) 