OpenSea Announces $SEA token Launch, Expands to trading
OpenSea, one of the most popular non-fungible token (NFT) marketplaces, has announced to launch and airdrop of the $SEA token to its users. The platform also confirmed it is expanding services to crypto trading through the newly launched OS2.
According to the protocol’s press release , it brings together marketplaces, lets you buy things across chains, and has lower fees at first.
Devin Finzer, co-founder and CEO of OpenSea, said, “This represents an expansion of OpenSea from an NFT marketplace to a much broader platform for trading all types of digital assets. We think tokens and NFTs belong together in a single, powerful, delightful experience.”
He further added that a community of beta testers has been battle-testing the platform. They have been pushing on speed, reliability, and quality to help OP2 become the best platform for users.
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OS2 introduces several key features, including:
- Updated core functionality — improved search, sorting, and discovery tools via a new traits tab, explore tab, and more
- NFTs and tokens in one place — access to fungible token swaps via integrated liquidity aggregators
- New chains — with additional chains being added frequently
- Cross-chain purchasing — allowing users to buy NFTs and tokens across multiple blockchains without needing to manually swap or bridge
- Aggregated marketplace listings — helping users source the best prices
- Live data & analytics — color-coded rarity, real-time updates, and in-depth stats
- Enhanced user experience — homepage redesign, faster navigation, wallet sidebar, and real-time notifications
- Rewards (XP) — a program designed to benefit users of the platform
The OpenSea Foundation revealed that $SEA is designed to support engagement within the NFT and broader crypto ecosystem. $SEA holders will be able to utilize the token on the new OS2 platform.
While the Foundation has not released details on the timing of $SEA, it surely will also act as a new means to recognize active and loyal users of the platform.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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