OpenSea Relaunches Trading Platform With Rewards Ahead of SEA Token Debut
OpenSea has launched its reengineered marketplace, OS2, ending the beta phase. The platform now supports full token trading across 19 blockchains and introduces a new rewards system called “Voyages.” OS2 replaces the original NFT marketplace, which faced declining usage due to market stagnation and competition from rivals like Blur and Magic Eden. The platform features cross-chain NFT and fungible token trading, real-time analytics, wallet tools, and liquidity aggregation. Users earn XP through actions like minting NFTs and swapping tokens, which may influence the upcoming SEA token launch by the OpenSea Foundation. The update follows the SEC's closure of its investigation into OpenSea, asserting that classifying it as a securities exchange would be regulatory overreach.
