OpenSea publicly releases OS2 platform as NFTs achieve momentum

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

The corporate stated 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 intention to boost crosschain performance. These modifications sign a shift for OpenSea, positioning itself as a extra complete platform past NFTs. 

OpenSea chief advertising and marketing officer Adam Hollander instructed Cointelegraph that the platform at all times believed in a broader concept that all the things 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 circulate,” Hollander stated. “Customers have 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 cooldown, OpenSea sees promising indicators of person retention and development. Hollander instructed 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, they usually’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 instructed Cointelegraph there’s nonetheless “actual energy” in provable digital possession. “As soon as you’ll be able to show you personal one thing on‑chain, 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 often tried in a single slim method first after which evolves into much more highly effective functions,” Hollander added. 

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

NFT enterprise profitability is determined by utility

Regardless of being down from their peak, the NFT area can nonetheless be worthwhile for groups with the proper technique. When requested if operating an NFT enterprise continues to be worthwhile, Hollander instructed Cointelegraph that it could rely upon the enterprise’s strategy to utility. 

“Profitability flows to companies that maintain 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 stated.