OpenSea CEO Announces Launch Date for New Platform

Devin Finzer, CEO of the NFT marketplace OpenSea, has announced the launch of a newly built platform set for December.

We’ve been quietly cooking at @opensea

To really innovate, sometimes you have to take a step back and reimagine everything

So we built a new OpenSea from the ground up

Sails up in December ⛵️ https://t.co/HaU1bDm29S

— Devin Finzer (dfinzer.eth) (@dfinzer) November 4, 2024

“To really innovate, sometimes you have to take a step back and reimagine everything,” he wrote.

The tweet includes a link to a waiting list, which currently has over 243,000 wallets and continues to grow.

News of OpenSea’s work on version 2.0 emerged in January. The marketplace is preparing the update amid a decline in overall NFT sales volume to its lowest level since 2021, according to data from The Block Data Dashboard.

According to statistics, in January 2024, monthly trading volumes of Ethereum-based non-fungible tokens reached $868 million, before falling to $300 million in June and then to $136 million in October.

A year ago, OpenSea underwent optimization, reducing its staff by 50%. The former market leader is gradually reclaiming its share after significant dominance by the Blur platform, which offered advanced trading tools and rewards.

In March, OpenSea and Seaport developers introduced Seaport 1.6—a new iteration of the NFT marketplace protocol within the EVM ecosystem.