OpenSea has launched OS2, expanding its platform beyond NFTs as part of a broader effort to diversify services and grow its Web3 ecosystem.
Adam Hollander said that OpenSea has seen a 40% rise in weekly unique collectors since January.
OpenSea, a marketplace for non-fungible tokens (NFTs), has released OS2, its new platform, and ended its beta testing.
According to the business, the new platform supports fungible tokens on Solana and enables full token trading across 14 blockchains. Additionally, it presents tools designed to improve cross-chain functionality. These modifications position OpenSea as a more comprehensive platform that extends beyond NFTs.
“The platform always believed in a broader idea that everything on-chain should be liquid and discoverable in one place,” Adam Hollander, chief marketing officer at OpenSea, said.
According to Hollander, “OS2 allows a collector to purchase a newly created meme coin, exchange a gaming token on Ronin, and mint an NFT on Solana, all from a single wallet flow.” “We made it easier for users already juggling six DApps and bridges.”
According to an OpenSea executive, genuine users remained while NFT visitors fled.
Despite a general cooling of the market, OpenSea observes encouraging indications of user growth and retention. Hollander said weekly unique collectors on OpenSea have increased by 40% since January, despite volumes perhaps declining from their peak in 2021 and 2022. He went on to say:
“That tells us the tourists left, but the true users stayed, and they’re participating in more chains than ever.”
The data from OpenSea supports a more general pattern among NFT purchasers. Unique NFT buyers increased by 50%, from 622,000 in April to 936,000 in May. Additionally, following a five-month fall, NFT monthly volumes recorded their first increase in 2025 during this month.
Provable digital ownership still has “real power,” Hollander said. Hollander said, “Once you can prove you own something on-chain, whole industries open up,” indicating the growing popularity of real-world assets (RWAs).
NFTs on the RWA marketplace Courtyard, which tokenizes physical trading cards using NFTs, sold $20.7 million between April 15 and April 22. As a result, Polygon’s weekly NFT sales surpassed Ethereum’s.
Hollander asserts that new technology typically undergoes limited testing before evolving into more powerful applications.
Utility determines the profitability of NFT businesses.
Hollander said that teams with the right approach may still make money in the NFT field, even though it’s down from its height.
“We continue to be the home of NFTs and are now investing in avenues like cross-chain token trading because profitability flows to businesses that keep adding real utility and options for users,” Hollander stated.
