OpenSea CEO Devin Finzer has rejected claims that the corporate is pivoting away from non-fungible tokens (NFTs), saying as a substitute that {the marketplace} is “evolving” right into a common platform to commerce each kind of onchain asset.
In a Friday submit on X, Finzer introduced that OpenSea’s October buying and selling quantity exceeded $2.6 billion, with over 90% of that quantity coming from token buying and selling, calling it the start of the platform’s transformation to “commerce all the things.”
“We’re constructing the common interface for the complete onchain financial system — tokens, collectibles, tradition, digital and bodily,” Finzer instructed Cointelegraph. “The objective is easy: if it exists onchain, it’s best to be capable of commerce it on OpenSea, seamlessly throughout any chain, whereas sustaining full management of your property,” he added.
OpenSea was the first main NFT market, launching in 2017 as a platform for getting, promoting, and buying and selling varied non-fungible tokens. The platform remained the dominant participant within the house till early 2023, when it misplaced momentum because of a mix of the general NFT market crash and the rise of a significant competitor, Blur.
In April this 12 months, OpenSea managed to reclaim its lead within the NFT market, capturing over 40% of complete buying and selling quantity in the course of the month. As of this writing, OpenSea is the biggest NFT market with a market share of 51%, in accordance with knowledge tracker NFTScan.
Associated: OpenSea Debuts NFT Reserve with CryptoPunk Buy
From NFTs to an onchain buying and selling hub
Finzer stated OpenSea is now positioning itself because the “interface layer for the complete onchain financial system,” integrating token buying and selling, swaps and portfolio administration throughout 22 blockchains.
He stated the platform’s customers have been juggling a number of wallets, bridges, and interfaces simply to handle their portfolios. “We realized the identical infrastructure experience that unified NFT buying and selling might unify all onchain buying and selling. Now customers can swap from Solana to Ethereum, commerce any token, handle any asset, multi function place, with out the complexity,” Finzer stated.
The CEO positioned OpenSea as a substitute for each centralized and decentralized exchanges. “Not like CEXs, you retain your keys. Not like DEXs, the complexity is invisible,” he stated. “We mixture liquidity throughout 22+ chains into one seamless expertise.”
Nevertheless, Finzer rejected the concept NFTs at the moment are secondary. “Every part onchain is core to our enterprise mannequin — that’s what ‘commerce all the things’ means,” he stated.
Associated: OpenSea expands past NFTs with OS2 public rollout
Cell app and SEA token forward
OpenSea confirmed it’s making ready to launch a brand new cell app earlier than Q1 2026, bringing instantaneous crosschain swaps and portfolio monitoring to cell customers. The corporate stated it goals to deliver “the complete onchain financial system to your pocket,” making onchain buying and selling “as straightforward as checking Instagram.”
Moreover, the OpenSea Basis will launch its SEA token within the first quarter of 2026, which can assist governance and ecosystem participation.
OpenSea’s roadmap additionally contains perpetual futures, expanded cell entry, and “true crosschain abstraction,” permitting customers to commerce any token throughout any pockets or chain.
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