OpenSea | Crypto

Devin Finzer, co-founder and CEO of OpenSea, the largest non-fungible token (NFT) marketplace, announced on Friday that the platform is reinventing itself to “trade everything.” Founded in 2017, OpenSea is the largest NFT marketplace with a market share of over 55% at the time of writing, according to data from NFTScan. Its trading volume crossed […] The post OpenSea is evolving to become a platform to ‘trade everything’; set to launch token in 2026 appeared first on CryptoSlate.

OpenSea CEO Devin Finzer has confirmed that the company will launch its long-awaited SEA token in the first quarter of 2026. The post OpenSea to Launch SEA Token in Q1 2026, Allocating 50% to Community appeared first on Cryptonews.

OpenSea CEO Devin Finzer says the platform isn’t abandoning NFTs but expanding into a universal onchain trading hub. OpenSea CEO Devin Finzer has rejected claims that the company is pivoting away from non-fungible tokens (NFTs), saying instead that the marketplace is “evolving” into a universal platform to trade every type of onchain asset. In a Friday post on X, Finzer announced that OpenSea's October trading volume exceeded $2.6 billion, with over 90% of that amount coming from token trading, calling it the beginning of the platform’s transformation to “trade everything.” “We’re building the universal interface for the entire onchain economy — tokens, collectibles, culture, digital and physical,” Finzer told Cointelegraph. “The goal is simple: if it exists onchain, you should be able to trade it on OpenSea, seamlessly across any chain, while maintaining complete control of your assets,” he added. Read more

OpenSea unveiled a $1 million flagship collection initiative to acquire, curate, and celebrate digital art; the platform is preparing for a mobile app beta in mid-September and an SEA token launch. The post OpenSea $1M NFT Fund Eclipsed by Major SEA Token Announcement appeared first on Cryptonews.

The NFT sector has yet to recapture the enthusiasm of 2021-2022, forcing many NFT-centric companies like OpenSea to pivot to more in-demand crypto use cases. NFT marketplace turned trading platform OpenSea on Monday said it launched a $1 million reserve dedicated to buying “culturally relevant" non-fungible tokens (NFTs). OpenSea kicked off its NFT reserve by buying a piece of digital art from the CryptoPunk collection — widely considered Ethereum's first NFT profile picture (PFP) collection. “To us, culturally relevant NFTs are works that have made an impact: creatively, socially, or technologically,” OpenSea Chief Marketing Officer Adam Hollander told Cointelegraph. “They might represent a defining moment in NFT history, introduce a new artistic style, or come from voices that haven’t been fully recognized yet.” Read more

Former OpenSea employee Nathaniel Chastain has successfully appealed his conviction for wire fraud and money laundering. A US federal appeals court has overturned the conviction of Nathaniel Chastain, a former OpenSea manager found guilty of wire fraud and money laundering for using insider information to trade non-fungible tokens (NFTs). In a Thursday decision, the United States Court of Appeals for the Second Circuit ruled that the jury was improperly instructed and could have convicted Chastain for unethical conduct rather than misappropriating a traditional property interest, a requirement under federal fraud statutes. “Chastain argues that the district court erred by instructing the jury that it could find him guilty of defrauding OpenSea of its property if he misappropriated an intangible interest unconnected to traditional property rights. He maintains that this error affected the jury’s decision. We agree,” the court decisions reads. Read more

Pudgy Penguins shut down rumors of an OpenSea buyout, calling the speculation unnecessary and pointing instead to growing brand partnerships. Pudgy Penguins has denied speculation that it acquired NFT marketplace OpenSea, following a wave of social media chatter suggesting a deal may have closed as early as December 2024. In a Saturday post on X, Beau, head of security at Pudgy Penguins, dismissed the acquisition talk. “Pudgy Penguins didn’t buy OpenSea… chill,” he wrote. He claimed that the project has big plans, so there’s no need to focus on just one possible acquisition. “Talk about partnering with Lufthansa and NASCAR, and go find the next great brand for us to proliferate with,” Beau wrote. Read more

OpenSea’s strategic pivot comes as NFT volumes have declined in five straight quarters. Crypto trading platform OpenSea is expanding beyond non-fungible tokens (NFTs) as the space faces a consistent decline in digital collectible trading volumes amid increasing competition.  On July 8, OpenSea announced that it had acquired the mobile-focused token trading platform Rally to push its expansion into mobile devices and enhance its token trading capabilities. The platform said it will build an “onchain everything app” to provide users with a new experience.  Rally co-founder Chris Maddern, who now works as OpenSea’s chief technology officer, told Cointelegraph that the move will bring together “the best of crypto,” putting everything in one place.  Read more

Adam Hollander told Cointelegraph that the number of weekly unique collectors on OpenSea has increased by 40% since January. Non-fungible token (NFT) marketplace OpenSea has launched its new platform, OS2, concluding its beta phase. The company said the updated platform allows full token trading across 14 blockchains, including support for fungible tokens on Solana. It also introduces tools that aim to enhance crosschain functionality. These changes signal a shift for OpenSea, positioning it as a more comprehensive platform beyond NFTs.  OpenSea chief marketing officer Adam Hollander told Cointelegraph that the platform always believed in a broader idea that everything onchain should be liquid and discoverable in one place.  Read more