Major

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<h4><strong>Although the details are under wraps, OpenSea’s co-founder and CEO, Devin Finzer, shared on social media that they have “reimagined everything.” </strong></h4> 
<p>He said they are building a better platform from scratch. This news comes as NFT trading has slowed down significantly compared to the high point it reached just a couple of years ago.</p> 
<h5><strong>A New Platform, Built from the Ground Up</strong></h5> 
<p>In his post on X (formerly Twitter), Finzer said that to really make things better, they had to take a step back and look at the big picture. OpenSea’s team has worked to create a “new OpenSea” that they believe will be better for users. For now, they haven’t shared exactly what’s new, but the launch is set for December.</p> 
<p>On X, OpenSea shared a link to a waiting list page, where users can sign up by connecting their crypto wallet. This move suggests OpenSea is gearing up for a big launch and is likely building some excitement among <a href="https://www.altcoinbuzz.io/?s=nft" target="_blank" rel="noopener">NFT</a> fans.</p> 
<blockquote class="twitter-tweet"> 
 <p dir="ltr" lang="en">We’ve been quietly cooking at <a href="https://twitter.com/opensea?ref_src=twsrc%5Etfw">@opensea</a></p> 
 <p>To really innovate, sometimes you have to take a step back and reimagine everything</p> 
 <p>So we built a new OpenSea from the ground up</p> 
 <p>Sails up in December <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/26f5.png" alt="⛵" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/HaU1bDm29S">https://t.co/HaU1bDm29S</a></p> 
 <p>— Devin Finzer (dfinzer.eth) (@dfinzer) <a href="https://twitter.com/dfinzer/status/1853462725742985713?ref_src=twsrc%5Etfw">November 4, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<h5><strong>What’s the Buzz About?</strong></h5> 
<p>Some in the NFT community, like the communications manager at <a href="https://www.altcoinbuzz.io/?s=dappradar" target="_blank" rel="noopener">DappRadar</a>, are saying there’s “serious hype” around the new OpenSea. Some users are even hoping for an airdrop — which is when a platform gives away free tokens to get more people interested.</p> 
<p>However, since OpenSea is based in the U.S., it’s a bit of a long shot that they’ll offer a token drop, though it’s not completely out of the question.</p> 
<blockquote class="twitter-tweet"> 
 <p dir="ltr" lang="en">OpenSea announced its 2.0 version is coming in December. There’s already like 250,000 people on the waitlist.</p> 
 <p>That’s some serious hype! <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f929.png" alt="🤩" class="wp-smiley" style="height: 1em; max-height: 1em;"></p> 
 <p>Why? Perhaps people are expecting an airdrop? <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1fa82.png" alt="🪂" class="wp-smiley" style="height: 1em; max-height: 1em;"></p> 
 <p>Trading volume on OpenSea pumped 62% in the past 24 hours. Reaching $5.15 million.… <a href="https://t.co/BnSMd2qclE">https://t.co/BnSMd2qclE</a> <a href="https://t.co/fnTV9w5IKR">pic.twitter.com/fnTV9w5IKR</a></p> 
 <p>— nederob.eth <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4e1.png" alt="📡" class="wp-smiley" style="height: 1em; max-height: 1em;"> Ro₿ert Hoogendoorn (@Nederob) <a href="https://twitter.com/Nederob/status/1853713927571403140?ref_src=twsrc%5Etfw">November 5, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p>People are also guessing what new features OpenSea might add. Some think it could include “smart accounts,” where users can manage accounts more easily, or shared ownership of NFTs, where more than one person can own a piece of an NFT. Others expect more chain integrations, memecoin trading, and SocialFi features.</p> 
<h5><strong>NFT Trading on the Upswing?</strong></h5> 
<p>Interestingly, OpenSea saw a boost in trading last week, with NFT sales jumping nearly 60% to $50 million, according to DappRadar. For a platform that once saw monthly trading volumes as high as $5 billion in early 2022, this boost could signal a positive shift — but there’s still a long way to go.</p> 
<p><img decoding="async" class="wp-image-154744 aligncenter" src="https://www.altcoinbuzz.io/wp-content/uploads/2024/11/vcxcvxvxcxvc-300x141.png" alt="" width="657" height="309" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2024/11/vcxcvxvxcxvc-300x141.png 300w, https://www.altcoinbuzz.io/wp-content/uploads/2024/11/vcxcvxvxcxvc-768x360.png 768w, https://www.altcoinbuzz.io/wp-content/uploads/2024/11/vcxcvxvxcxvc-895x420.png 895w, https://www.altcoinbuzz.io/wp-content/uploads/2024/11/vcxcvxvxcxvc-696x326.png 696w, https://www.altcoinbuzz.io/wp-content/uploads/2024/11/vcxcvxvxcxvc.png 987w" sizes="(max-width: 657px) 100vw, 657px"></p> 
<h6 style="text-align: center;"><strong>Source: <a href="https://dune.com/rchen8/opensea" target="_blank" rel="noopener">Dune Analytics</a></strong></h6> 
<p>Since launching in 2017, OpenSea hit its peak during the NFT craze in 2021, but trading volumes have cooled off significantly since then. In October, OpenSea’s monthly volume was just $46 million, a sharp drop from the $5 billion peak.</p> 
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<h6><strong>Disclaimer</strong></h6> 
<p>The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</p> 
<p>The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/opensea-set-for-major-nft-platform-upgrade/">OpenSea Set for Major NFT Platform Upgrade</a> appeared first on <a href="https://www.altcoinbuzz.io">Altcoin Buzz</a>.</p>

OpenSea Set for Major NFT Platform Upgrade

Altcoin Buzz

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