- The OpenSea team will release a new version of the NFT marketplace.
- It will receive an updated interface and a number of new functions for working with tokens.
- The developers managed to improve the overall security and protection of OpenSea 2.0.
OpenSea CEO Devin Finzer confirmed work on a new version of the NFT marketplace. According to him, after the release of the OpenSea 2.0 update, users will have a number of opportunities related to searching, selecting and trading non-fungible tokens (NFTs). Bloomberg reports this with reference to Finzer’s statement.
NFT trading volume on OpenSea is down nearly 11% in the past 30 days, according to Dapp Radar.. With $105.7 million, the site ranks fourth in the ranking of NFT marketplaces.
NFT sales dropped 63% in 2023, according to CryptoSlam. Meanwhile, during the same period, the Bitcoin rate increased by 160%.
The industry needs to move beyond seeing NFTs only as collectible images, says OpenSea CEO.. Updating the platform will provide customers with a better user experience and differentiation between NFT categories as more token use cases develop, Finzer said.
“We want to create an interface with the ability to configure different options for using tokens. For example, we plan to integrate NFT tickets into a calendar with an option to sort by date,” Finzer said.
As the director of the NFT marketplace noted, the developers managed to improve the detection of fake token collections and malicious links in the new version of the platform. Ethereum continues to be the preferred option for creating and storing tokens, especially after the launch of L2 networks, OpenSea CEO said in a statement.
We previously reported that OpenSea’s market value fell by 90%. In October 2023, one of the company’s employees was accused of fraud out of $60 million.. Already in November, management announced a staff reduction of 50%.