OpenSea announced that it has launched its OS2 beta open platform, and also confirmed the plans for a new token named SEA. This move will consolidate NFT trading and tokens into one market, while also introducing cross chain purchasing. The fee structure for the marketplace transaction is set at 0.5%.
Platform is intended to be used by both traders and collectors. It integrates asset exploration, real-time analysis, native trading, across 14 chains including Flow by Sony, ApeChain by Sony and Berachain. Additional chains are planned.
OS2 offers an XP-based system to reward activities, such as offering items for sale and listing them. The updated interface, which streamlines navigation and goes beyond the traditional floor prices, is a part of this system. It aims to combine NFT trading with token collecting into one digital asset ecosystem.
After months of speculation, the tokens have been announced. The OpenSea Foundation tweeted that the process of claiming tokens will be influenced by historical usage and not only recent activity.
The OS2 update signals OpenSea’s operational pivot toward a unified digital asset platform. Platform aims to meet diverse needs by embedding features such as native cross chain trading and an XP award system. The timing of the launch has not been disclosed.
Expected changes in US policy at the SEC may have been a factor in OpenSea’s strategic pivot after it pledged support for artists and developers affected by a perceived NFT crackdown in 2024.
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