{ "id": 51989, "date": "2025-10-18T19:42:13", "date_gmt": "2025-10-18T12:42:13", "guid": { "rendered": "https:\/\/hbbgroup.net\/opensea-rejects-pivot-from-nfts-says-its-evolving-to-trade-everything\/" }, "modified": "2025-10-18T19:42:13", "modified_gmt": "2025-10-18T12:42:13", "slug": "opensea-rejects-pivot-from-nfts-says-its-evolving-to-trade-everything", "status": "publish", "type": "post", "link": "https:\/\/hbbgroup.net\/en_us\/opensea-rejects-pivot-from-nfts-says-its-evolving-to-trade-everything\/", "title": { "rendered": "OpenSea rejects pivot from NFTs, says it\u2019s evolving to \u2018trade everything\u2019" }, "content": { "rendered": "
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OpenSea CEO Devin Finzer has rejected claims that the company is pivoting away from non-fungible tokens (NFTs), saying instead that the marketplace is \u201cevolving\u201d into a universal platform to trade every type of onchain asset.<\/p>\n

In a Friday post on X, Finzer announced<\/a> that OpenSea’s October trading volume exceeded $2.6 billion, with over 90% of that amount coming from token trading, calling it the beginning of the platform\u2019s transformation to \u201ctrade everything.\u201d<\/p>\n

\u201cWe\u2019re building the universal interface for the entire onchain economy \u2014 tokens, collectibles, culture, digital and physical,\u201d Finzer told Cointelegraph. \u201cThe goal is simple: if it exists onchain, you should be able to trade it on OpenSea, seamlessly across any chain, while maintaining complete control of your assets,\u201d he added. <\/p>\n

OpenSea was the first major NFT marketplace<\/a>, launching in 2017 as a platform for buying, selling, and trading various non-fungible tokens. The platform remained the dominant player<\/a> in the space until early 2023, when it lost momentum due to a combination of the overall NFT market crash and the rise of a major competitor<\/a>, Blur.<\/p>\n

In April this year, OpenSea managed to reclaim<\/a> its lead in the NFT market, capturing over 40% of total trading volume during the month. As of this writing, OpenSea is the largest NFT marketplace with a market share of 51%, according to data tracker NFTScan.<\/p>\n

OpenSea reclaims its lead in NFT market. Source: NFTScan<\/em><\/figcaption><\/figure>\n

Related: <\/strong><\/em>OpenSea Debuts NFT Reserve with CryptoPunk Purchase<\/strong><\/em><\/a><\/p>\n

From NFTs to an onchain trading hub<\/h2>\n

Finzer said OpenSea is now positioning itself as the \u201cinterface layer for the entire onchain economy,\u201d integrating token trading, swaps and portfolio management across 22 blockchains. <\/p>\n

He said the platform\u2019s users were juggling multiple wallets, bridges, and interfaces just to manage their portfolios. \u201cWe realized the same infrastructure expertise that unified NFT trading could unify all onchain trading. Now users can swap from Solana to Ethereum, trade any token, manage any asset, all in one place, without the complexity,\u201d Finzer said.<\/p>\n

The CEO positioned OpenSea as an alternative to both centralized and decentralized exchanges. \u201cUnlike CEXs, you keep your keys. Unlike DEXs, the complexity is invisible,\u201d he said. \u201cWe aggregate liquidity across 22+ chains into one seamless experience.\u201d<\/p>\n

However, Finzer rejected the idea that NFTs are now secondary. \u201cEverything onchain is core to our business model \u2014 that\u2019s what \u2018trade everything\u2019 means,\u201d he said. <\/p>\n

OpenSea CEO announces the project\u2019s shift toward \u201ctrade everything.\u201d Source: <\/em>Finzer<\/em><\/a><\/figcaption><\/figure>\n

Related: <\/strong><\/em>OpenSea expands beyond NFTs with OS2 public rollout<\/strong><\/em><\/a><\/p>\n

Mobile app and SEA token ahead<\/h2>\n

OpenSea confirmed it is preparing to launch a new mobile app before Q1 2026, bringing instant crosschain swaps and portfolio tracking to mobile users. The company said it aims to bring \u201cthe entire onchain economy to your pocket,\u201d making onchain trading \u201cas easy as checking Instagram.\u201d<\/p>\n

Additionally, the OpenSea Foundation will launch its SEA token in the first quarter of 2026, which will support governance and ecosystem participation.<\/p>\n