OpenSea unveils a completely reimagined platform that expands into token trading, with an entirely new interface built from the ground up and a new feature set for both casual collectors and advanced users.
OpenSea Foundation announces the $SEA token, designed to support engagement within the NFT ecosystem.
OpenSea, the world’s first and leading NFT marketplace, launched OS2, a complete rebuild of its platform with cross-chain token trading. The platform features upgrades to every surface on the marketplace, offering users a faster and more seamless experience for NFTs, and includes new chains, better ways to search and explore, marketplace aggregation, cross-chain purchasing, and lower fees at launch. OS2 is the most significant update in OpenSea’s history. Alongside the launch, the OpenSea Foundation, a Cayman Islands-based foundation, has announced $SEA, a new token designed to reward and engage NFT users.
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“This represents an expansion of OpenSea from an NFT marketplace to a much broader platform for trading all types of digital assets. We think tokens and NFTs belong together in a single, powerful, delightful experience,” said Devin Finzer, Co-founder and CEO of OpenSea. “Our community of beta testers have been battle-testing the platform, pushing on speed, reliability, and quality. The result is something that finally feels right — a single home for all your digital assets that just works.”
OS2 introduces several key features, including:
- Updated core functionality — improved search, sorting, and discovery tools via a new traits tab, explore tab, and more
- NFTs and tokens in one place — access to fungible token swaps via integrated liquidity aggregators
- New chains — with additional chains being added frequently
- Cross-chain purchasing — allowing users to buy NFTs and tokens across multiple blockchains without needing to manually swap or bridge
- Aggregated marketplace listings — helping users source the best prices
- Live data & analytics — color-coded rarity, real-time updates, and in-depth stats
- Enhanced user experience — homepage redesign, faster navigation, wallet sidebar, and real-time notifications
- Rewards (XP) — a program designed to benefit users of the platform
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In addition, the OpenSea Foundation today announced the upcoming launch of $SEA, a token designed to support engagement within the NFT and broader crypto ecosystem. $SEA holders will be able to utilize the token on OS2. While the Foundation has not released details on the timing of $SEA, they will be taking learnings from the space and focusing the token’s utility on driving long-term sustainability. $SEA will also act as a new means to recognize active and loyal users of the platform, as well as historical users who have been part of the OpenSea community since its inception.
“The OpenSea Foundation is excited to announce the $SEA token, which will mark a major step in empowering our community and fostering the OpenSea ecosystem and the Seaport Protocol on which it operates,” said James Hu, General Manager of the OpenSea Foundation. “$SEA is designed to encourage greater community engagement and support the next chapter of the NFT ecosystem.”
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Source: PR Newswire
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