OpenSea: NFT Marketplace launches version 2 and plans its own SEA token.

OpenSea NFT Marketplace Launches Version 2 and Plans Its Own SEA Token

The NFT marketplace OpenSea has announced new plans for the future. Internally, a version 2.0 is the topic of discussion. It aims to enable new technical functionalities. Also on the horizon is the launch of a native token that would serve as a means of payment and governance at OpenSea. In addition, the marketplace signals a stronger commitment to the Polygon blockchain and the optional use of eBay as a payment interface.

OpenSea prepares for version 2.0 and its own SEA Token

OpenSea, the world’s largest NFT marketplace, is preparing for the next development step with a version 2.0 as a software basis. OpenSea CEO Devin Finzer emphasized in an interview that central technical decisions from version 1.0 have now proved to be suboptimal. The networking of OpenSea via new protocols and expanded features is likely to be at the top of investing advisors’ wish lists in version 2.0.

The SEA Token as a payment option is still recognized

The planned SEA token will further modernize OpenSea: a potential application is participation in governance, whereby OpenSea intends to include its users in strategic decisions. This adds to the prospects that the SEA token could be used to pay fees on OpenSea and for other services. Finzer announced that OpenSea will expand interaction with the Binance and Solana blockchains, opening up even more ecosystems that OpenSea users can walk through.

Polygon as an important partner for OpenSea

Polygon’s close relationship with OpenSea is no coincidence. OpenSea emphasized this in its statement, saying Polygon’s high scaling capacity and decentralized security infrastructure present great potential. OpenSea occludes rumors fueled by previous cooperation that OpenSea could also act as a participant in the development of the Polygon blockchain. In the future, according to Finzer, Polygon’s role in the NFT marketplace should be strengthened.

Outlook towards OpenSea version 2.0 and SEA token

Version 2.0 of OpenSea is expected to be developed through close cooperation with its user base in order to find community-friendly solutions for how OpenSea wants to remain the market leader in the NFT sector. The introduction of the native SEA token should ideally take place before 2022. OpenSea is experiencing rapid growth, and the latest data clearly shows that daily sales has improved significantly during the pandemic.