The non-fungible token (NFT) trading platform OpenSea has officially launched its new platform OS2, marking the end of its testing phase.
The company stated that the updated platform supports comprehensive token trading across 14 blockchains, including support for fungible tokens on Solana. Additionally, the platform has introduced tools aimed at enhancing cross-chain functionality. These changes signify OpenSea's transformation, positioning it as a more comprehensive platform that goes beyond NFTs.
OpenSea's Chief Marketing Officer Adam Hollander stated in an interview with Cointelegraph that the platform has always believed in a broader concept where everything on-chain should achieve liquidity and discoverability in one place.
“OS2 allows collectors to mint an NFT on Solana, swap game tokens on Ronin, and purchase in newly created meme coins, all through a single wallet process,” Adam said. “Previously, users had to operate six or seven decentralized applications (DApps) and cross-chain bridges simultaneously, and we have optimized that experience.”
Despite the overall market cooling down, OpenSea has still seen positive signs of user retention and growth. Adam mentioned in the Cointelegraph interview that while trading volumes may be lower than the peaks of 2021 to 2022, the number of unique collectors on OpenSea has increased by 40% weekly since January. He added:
“This tells us that while tourists have left, the real users have stayed, and they are participating in more chains than ever before.”
OpenSea's data aligns with broader trends among NFT buyers. In May, the number of unique NFT buyers rose to 936,000, a 50% increase from 622,000 in April. That month, NFT monthly trading volume also saw a rebound for the first time in 2025 after five months of decline.
Adam stated in the Cointelegraph interview that the provability of digital ownership still holds “real power.” “Once you can prove on-chain that you own something, the entire industry opens up for you,” he added, noting that real-world assets (RWA) are gradually gaining attention.
From April 15 to 22, NFT sales on the RWA trading platform Courtyard (which tokenizes physical trading cards using NFTs) reached $20.7 million. This allowed Polygon to surpass Ethereum in weekly NFT sales.
“New technologies are often first tried in a narrow way and then evolve into more powerful applications,” Adam said.
Although there has been a decline compared to peak periods, the NFT space can still be profitable for teams that adopt the right strategies, Adam stated in the Cointelegraph interview.
“Profits flow to those businesses that continuously add real utility and choices for users, which is why we remain the home of NFTs and are now investing in new areas like cross-chain token trading,” Adam said.
Related: The NFT market is quietly becoming infrastructure
Original article: “OpenSea Expands Beyond NFTs with OS2 Launch”
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