OpenSea publicly releases OS2 platform as NFTs achieve momentum

Non-fungible token (NFT) market OpenSea has launched its new platform, OS2, concluding its beta part.

The corporate mentioned the up to date platform permits full token buying and selling throughout 14 blockchains, together with assist for fungible tokens on Solana. It additionally introduces instruments that goal to boost crosschain performance. These modifications sign a shift for OpenSea, positioning it as a extra complete platform past NFTs. 

OpenSea chief advertising officer Adam Hollander informed Cointelegraph that the platform all the time believed in a broader concept that all the pieces onchain ought to be liquid and discoverable in a single place. 

“OS2 lets a collector mint an NFT on Solana, swap a gaming token on Ronin and purchase a memecoin that was simply created, all from a single pockets movement,” Hollander mentioned. “Customers had been already juggling half a dozen DApps and bridges; we streamlined that have.”

OpenSea exec says NFT vacationers left whereas true customers stayed

Regardless of a broader market cooling, OpenSea sees promising indicators of consumer retention and progress. Hollander informed Cointelegraph that whereas volumes could also be down from its 2021 to 2022 peak, weekly distinctive collectors on OpenSea are up by 40% since January. He added: 

“That tells us the vacationers left, however the true customers stayed, and so they’re taking part in additional chains than ever.”

OpenSea’s information aligns with a broader pattern amongst NFT consumers. Distinctive NFT consumers rose to 936,000 in Could, up 50% from April’s 622,000. The month additionally noticed NFT month-to-month volumes’ first uptick in 2025 after going via a five-month decline. 

Hollander informed Cointelegraph there’s nonetheless “actual energy” in provable digital possession. “As soon as you’ll be able to show you personal one thing onchain, entire industries open up,” Hollander added, pointing towards real-world property (RWAs) gaining steam. 

From April 15–22, NFTs on the RWA market Courtyard, a platform that makes use of NFTs to tokenize bodily buying and selling playing cards, reached a gross sales quantity of $20.7 million. This allowed Polygon to overhaul Ethereum in weekly NFT gross sales. 

“New tech is normally tried in a single slim manner first after which evolves into way more highly effective purposes,” Hollander mentioned. 

Associated: Exponential forex debasement: ‘You don’t personal sufficient crypto, NFTs’

NFT enterprise profitability depends upon utility

Regardless of being down from the height, the NFT area can nonetheless be worthwhile for groups with the proper technique, Hollander informed Cointelegraph. 

“Profitability flows to companies that preserve including actual utility and choices for customers, which is why we stay the house for NFTs and are actually investing in avenues like cross‑chain token buying and selling,” Hollander mentioned.