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.
MIAMI, Feb. 13, 2025 /PRNewswire/ — OpenSea, the world’s first and leading NFT marketplace, today 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.
“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:
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Updated core functionality — improved search, sorting, and discovery tools via a new traits tab, explore tab, and more
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NFTs and tokens in one place — access to fungible token swaps via integrated liquidity aggregators
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New chains — with additional chains being added frequently
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Cross-chain purchasing — allowing users to buy NFTs and tokens across multiple blockchains without needing to manually swap or bridge
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Aggregated marketplace listings — helping users source the best prices
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Live data & analytics — color-coded rarity, real-time updates, and in-depth stats
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Enhanced user experience — homepage redesign, faster navigation, wallet sidebar, and real-time notifications
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Rewards (XP) — a program designed to benefit users of the platform
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.
