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 the whole lot.”
“We’re constructing the common interface for your complete onchain financial system — tokens, collectibles, tradition, digital and bodily,” Finzer informed Cointelegraph. “The purpose is straightforward: if it exists onchain, you must be capable to commerce it on OpenSea, seamlessly throughout any chain, whereas sustaining full management of your property,” he added.
OpenSea was the primary main NFT market, launching in 2017 as a platform for purchasing, promoting, and buying and selling varied non-fungible tokens. The platform remained the dominant participant within the area till early 2023, when it misplaced momentum as a result of a mixture of the general NFT market crash and the rise of a serious competitor, Blur.
In April this 12 months, OpenSea managed to reclaim its lead within the NFT market, capturing over 40% of whole buying and selling quantity throughout 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 mentioned OpenSea is now positioning itself because the “interface layer for your complete onchain financial system,” integrating token buying and selling, swaps and portfolio administration throughout 22 blockchains.
He mentioned 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 may 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 mentioned.
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 mentioned. “We combination liquidity throughout 22+ chains into one seamless expertise.”
Nonetheless, Finzer rejected the concept NFTs are actually secondary. “Every thing onchain is core to our enterprise mannequin — that’s what ‘commerce the whole lot’ means,” he mentioned.
Associated: OpenSea expands past NFTs with OS2 public rollout
Cellular app and SEA token forward
OpenSea confirmed it’s making ready to launch a brand new cell app earlier than Q1 2026, bringing prompt crosschain swaps and portfolio monitoring to cell customers. The corporate mentioned it goals to carry “your complete onchain financial system to your pocket,” making onchain buying and selling “as simple as checking Instagram.”
Moreover, the OpenSea Basis will launch its SEA token within the first quarter of 2026, which is able to help governance and ecosystem participation.
OpenSea’s roadmap additionally consists of perpetual futures, expanded cell entry, and “true crosschain abstraction,” permitting customers to commerce any token throughout any pockets or chain.
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