OpenSea Expands Beyond NFTs with OS2 Public Rollout

Published: May 30, 2025 – Cointelegraph

Introduction

OpenSea, the leading non-fungible token (NFT) marketplace, has officially launched its new platform, OS2, concluding its beta phase. This rollout signifies a strategic shift for OpenSea, aiming to streamline fragmented on-chain activities and position itself as a comprehensive platform for both NFTs and fungible tokens. cointelegraph.com

Key Features of OS2

Multi-Chain Support: OS2 enables full token trading across 19 blockchains, including support for fungible tokens on Solana. cointelegraph.com

Enhanced Cross-Chain Functionality: The platform introduces tools designed to improve cross-chain interactions, allowing users to mint NFTs, swap gaming tokens, and purchase newly created memecoins from a single wallet interface. cointelegraph.com

Adam Hollander, OpenSea's Chief Marketing Officer, stated:cointelegraph.com+3cointelegraph.com+3cointelegraph.com+3

"OS2 lets a collector mint an NFT on Solana, swap a gaming token on Ronin, and buy a memecoin that was just created, all from a single wallet flow. Users were already juggling half a dozen DApps and bridges; we streamlined that experience." cointelegraph.com+1my.cointelegraph.com+1

User Engagement and Market Trends

Despite a general cooling in the NFT market, OpenSea reports a 40% increase in weekly unique collectors since January 2025. This suggests that while casual participants may have exited, dedicated users remain active and are engaging across more blockchain networks than before. cointelegraph.com+5cointelegraph.com+5cointelegraph.com+5

Industry data supports this trend, with unique NFT buyers rising to 936,000 in May, a 50% increase from April's 622,000.May also marked the first uptick in monthly NFT volumes in 2025 after a five-month decline.my.cointelegraph.com+4cointelegraph.com+4cointelegraph.com+4

Emphasis on Digital Ownership and Real-World Assets

Hollander emphasized the enduring value of provable digital ownership, noting that once ownership can be verified on-chain, it opens up opportunities across various industries. He highlighted the growing interest in real-world assets (RWAs), citing the example of Courtyard, a marketplace that tokenizes physical trading cards. From April 15–22, NFTs on Courtyard reached a sales volume of $20.7 million, enabling Polygon to surpass Ethereum in weekly NFT sales.cointelegraph.com+4cointelegraph.com+4my.cointelegraph.com+4

Strategic Focus on Utility and Profitability

OpenSea acknowledges that while the NFT market has cooled from its 2021–2022 peak, profitability remains attainable for businesses that continue to add real utility and options for users. This strategic focus underpins OpenSea's investment in avenues like cross-chain token trading, reinforcing its position as a home for NFTs and beyond. cointelegraph.com

Source: Cointelegraph