The founder of OpenSea announced a new version of the NFT marketplace
OpenSea is working on updating the NFT platform to version 2.0, which will provide an improved user interface and improved asset differentiation. This was stated by the founder of the marketplace, David Finzer, in a conversation with Bloomberg.
It makes sense for the industry to move beyond focusing on sales numbers and treating tokens as mere collectible images, he said.
“One of the things we were most concerned about was not necessarily how to get the most volume, but rather how to create sort of the most compelling use cases for NFTs,” the OpenSea CEO said.
Over the past 30 days, the once undisputed market leader has lost in trading volumes not only to Blur, but also to the OKX platform, as well as Magic Eden.
But Finzer believes that “volume can sometimes be misleading,” as some marketplaces incentivize activity through rewards in their own tokens.