OpenSea Clarifies Its Mission: Not Leaving NFTs, Just Growing Beyond

OpenSea CEO Devin Finzer has dismissed speculation that the company is pivoting away from non-fungible tokens (NFTs). Instead, he said OpenSea is “evolving into a universal onchain trading hub” that will support all digital and physical assets recorded on blockchain networks.

In a post on X (formerly Twitter), Finzer revealed that OpenSea’s October trading volume exceeded $2.6 billion, with over 90% driven by token trading — signaling a major expansion beyond NFTs.

“We’re building the universal interface for the entire onchain economy — tokens, collectibles, culture, digital and physical,” Finzer told Cointelegraph.
“If it exists onchain, you should be able to trade it on OpenSea — seamlessly across any chain — while keeping full control of your assets.”

OpenSea reclaims its lead in NFT market


From NFT Pioneer to Onchain Economy Leader

Founded in 2017, OpenSea pioneered the NFT marketplace, enabling users to buy, sell, and trade digital collectibles. The company dominated the NFT boom until early 2023, when the market cooled and competitors like Blur emerged.

After regaining momentum in April 2025, OpenSea now holds 51% market share, according to NFTScan, reclaiming its position as the world’s largest NFT marketplace.

Finzer said this recovery proved the strength of OpenSea’s infrastructure — the same foundation the company now wants to use to unify all forms of onchain trading.


“Trade Everything”: OpenSea’s New Direction

OpenSea’s new strategy focuses on becoming the “interface layer for the entire onchain economy.” The platform now integrates token trading, swaps, and portfolio management across 22 blockchains, merging the experience of decentralized and centralized exchanges.

“Unlike CEXs, you keep your keys. Unlike DEXs, the complexity is invisible,” Finzer explained.
“We aggregate liquidity across 22+ chains into one seamless experience.”

Finzer emphasized that NFTs remain central to OpenSea’s ecosystem, clarifying that “everything onchain” — including NFTs — is part of its “trade everything” mission.


What’s Next: Mobile App and SEA Token Launch

OpenSea confirmed plans to launch a new mobile app before Q1 2026, offering crosschain swaps, asset tracking, and portfolio management from one interface.

The company also announced that the OpenSea Foundation will release the SEA token in early 2026. The token will power governance and ecosystem participation, giving users a voice in OpenSea’s future development.

The roadmap further includes:

  • Perpetual futures trading
  • Expanded mobile and multi-wallet access
  • Full crosschain abstraction, enabling any-token trades across any blockchain

With its “trade everything” vision, OpenSea is positioning itself not just as an NFT marketplace, but as a universal gateway to the onchain economy — blending liquidity, simplicity, and user ownership into one platform.

Disclaimer

This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.

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