OpenSea Reimagines Itself as a Crypto Trading Hub After NFT Market Crash

OpenSea, once the leading platform for non-fungible token (NFT) trading, has undergone a major transformation. The company is now shifting its focus to become a multi-chain crypto trading aggregator, reflecting a broader shift in the digital asset market after two years of declining NFT sales. The new model, dubbed OpenSea 2.0, offers users access to trading activity across 22 blockchain networks including NFTs, memecoins and cryptocurrencies. Instead of focusing on specific digital assets like art or collectibles, this change allows traders to interact with a wider range of tokens, aiming for greater user base and market liquidity.