According to PANews, Devin Finzer, co-founder and CEO of OpenSea, recently shared his insights on the current state and future of Non-Fungible Tokens (NFTs) and the digital market. Despite speculations about the decline of NFTs, Finzer presented a clear vision of continuous growth and innovation. He emphasized that NFTs are far from extinct, with the market showing increasing interest in gaming and physical-backed NFTs.
OpenSea has collaborated with Courtyard on a project involving Pokémon cards and has partnered with leading game developers like Parallel and Revolving Games. Finzer stated, 'We see new use cases emerging on OpenSea constantly. Ensuring OpenSea becomes a home for all types of NFTs is crucial for joining the next wave of the NFT surge.' OpenSea has also revamped its collection page, providing creators with a richer, customizable page to tell their project stories.
Finzer mentioned that the platform is committed to evolving with new practical trends, ensuring the market remains one of the best places to buy, sell, and collect NFTs. Currently, OpenSea's main focus is enhancing the user gaming experience. The company has launched immersive game trailer videos and new exchange standards to enhance the core user experience.
Finzer believes that gaming is a great example where highlighting gameplay through videos is crucial, and the massive gaming industry is expected to drive NFT applications. As more and more gamers become first-time NFT owners, a frictionless onboarding experience becomes crucial. He also highlighted the potential of interoperability, where items or statuses obtained in one game can unlock experiences in another through open digital ecosystem standards.
The recent rise in the crypto market has sparked innovation, and infrastructure improvements have made NFT trading more attractive and cost-effective. Finzer believes these developments are crucial for the next wave of users. For instance, OpenSea's new 'cold start' onboarding experience has simplified the wallet creation process and expanded the use of fiat currency payments. Users only need an email to create an OpenSea account with a self-hosted wallet.
This integration allows users to seamlessly buy, sell, send, and receive digital assets and NFTs, which is a crucial step for newcomers to the crypto ecosystem. Finzer also expressed admiration for the leading companies in the Web3 gaming field, such as Parallel. He believes that the expansion of utility-supported NFTs is crucial for industry development.
Despite the volatility of the NFT market, Finzer remains optimistic about its future. He hopes to continue developing new features and creating new opportunities to ensure the company's leading position in the NFT field. Finzer's insights dispel the notion that 'NFTs are dead.' Instead, these digital assets are continuously evolving, with new use cases, improved infrastructure, and innovative features driving the development of this field.