The developers of the popular NFT marketplace OpenSea have unveiled the beta version of their new protocol and announced an upcoming distribution of SEA tokens.
OS2 open beta is now live:
• A fully reimagined product built entirely from the ground up, for collectors and pros
• NFTs ? tokens, brought together in one place
• Brand new, beautiful ways to explore — beyond just the floor
• 14 chains (welcome @flow_blockchain, ApeChain… pic.twitter.com/fTJT5eKsm2— OpenSea (@opensea) February 13, 2025
OS2 is positioned as a “reimagined and entirely new product for collectors and professionals.” The marketplace fee will be 0.5%, with no exchange fee.
It supports 14 blockchains, including several Ethereum-based L2s, Soneium from Sony, Apechain from Bored Ape, and the recently launched Berachain.
The developers clarified that the distribution of SEA tokens will consider “users’ historical activity on OpenSea, not just recent transactions.” Users from the United States will also be able to participate.
The graph below illustrates a significant decline in NFT trading volumes compared to the levels of 2021-2022:
Amid the declining popularity of the segment at the end of 2023, OpenSea reduced its workforce by 50%.
Back in January, the email addresses of over 7 million users of the NFT marketplace were leaked following a breach that occurred several years ago.