OpenSea rejects pivot from NFTs, says it’s evolving to ‘trade everything’

OpenSea CEO Devin Finzer has rejected claims that the institution is pivoting distant from non-fungible tokens (NFTs), saying alternatively that the marketplace is “evolving” into a cosmopolitan level to commercialized each benignant of onchain asset.

In a Friday station connected X, Finzer announced that OpenSea's October trading measurement exceeded $2.6 billion, with implicit 90% of that magnitude coming from token trading, calling it the opening of the platform’s translation to “trade everything.”

“We’re gathering the cosmopolitan interface for the full onchain system — tokens, collectibles, culture, integer and physical,” Finzer told Cointelegraph. “The extremity is simple: if it exists onchain, you should beryllium capable to commercialized it connected OpenSea, seamlessly crossed immoderate chain, portion maintaining implicit power of your assets,” helium added.

OpenSea was the first large NFT marketplace, launching successful 2017 arsenic a level for buying, selling, and trading assorted non-fungible tokens. The level remained the ascendant player successful the abstraction until aboriginal 2023, erstwhile it mislaid momentum owed to a operation of the wide NFT marketplace clang and the rise of a large competitor, Blur.

In April this year, OpenSea managed to reclaim its pb successful the NFT market, capturing implicit 40% of full trading measurement during the month. As of this writing, OpenSea is the largest NFT marketplace with a marketplace stock of 51%, according to information tracker NFTScan.

OpenSea reclaims its pb successful NFT market. Source: NFTScan

Related: OpenSea Debuts NFT Reserve with CryptoPunk Purchase

From NFTs to an onchain trading hub

Finzer said OpenSea is present positioning itself arsenic the “interface furniture for the full onchain economy,” integrating token trading, swaps and portfolio absorption crossed 22 blockchains.

He said the platform’s users were juggling aggregate wallets, bridges, and interfaces conscionable to negociate their portfolios. “We realized the aforesaid infrastructure expertise that unified NFT trading could unify each onchain trading. Now users tin swap from Solana to Ethereum, commercialized immoderate token, negociate immoderate asset, each successful 1 place, without the complexity,” Finzer said.

The CEO positioned OpenSea arsenic an alternate to some centralized and decentralized exchanges. “Unlike CEXs, you support your keys. Unlike DEXs, the complexity is invisible,” helium said. “We aggregate liquidity crossed 22+ chains into 1 seamless experience.”

However, Finzer rejected the thought that NFTs are present secondary. “Everything onchain is halfway to our concern exemplary — that’s what ‘trade everything’ means,” helium said.

OpenSea CEO announces the project’s displacement toward “trade everything.” Source: Finzer

Related: OpenSea expands beyond NFTs with OS2 nationalist rollout

Mobile app and SEA token ahead

OpenSea confirmed it is preparing to motorboat a caller mobile app earlier Q1 2026, bringing instant crosschain swaps and portfolio tracking to mobile users. The institution said it aims to bring “the full onchain system to your pocket,” making onchain trading “as casual arsenic checking Instagram.”

Additionally, the OpenSea Foundation volition motorboat its SEA token successful the archetypal 4th of 2026, which volition enactment governance and ecosystem participation.

OpenSea’s roadmap besides includes perpetual futures, expanded mobile access, and “true crosschain abstraction,” allowing users to commercialized immoderate token crossed immoderate wallet oregon chain.

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