OpenSea publicly releases OS2 platform as NFTs gain momentum

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

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 purpose to reinforce 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 all the time believed in a broader concept that every little thing 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 circulation,” 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 cooldown, OpenSea sees promising indicators of consumer 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 collaborating in additional chains than ever.”

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

Hollander instructed Cointelegraph there’s nonetheless “actual energy” in provable digital possession. “As soon as you may show you personal one thing on‑chain, complete industries open up,” Hollander added, pointing towards real-world belongings (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 slender means first after which evolves into much more highly effective purposes,” Hollander added. 

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

NFT enterprise profitability will depend on utility

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

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