Key Notes

Key Notes:

OS2 open beta, an expansion of the OpenSea NFT marketplace with everything built from the ground up, is now live.The OpenSea Foundation also confirmed the upcoming debut of the SEA token but did not reveal much about it.An XP reward system was also introduced which will be responsible for rewarding the top traders on the platform.

OpenSea’s OS2, a completely rebuilt non-fungible token (NFT) marketplace, is now live in open beta, featuring cross-chain token trading, enhanced UX, and a new rewards system. The platform was initially tested with Genesis NFT holders before expanding access to all users, as announced on X (formerly Twitter).

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

OpenSea co-founder and chief executive, Devin Finzer, stated that OS2 represents an “expansion of OpenSea from an NFT marketplace to a much broader platform for trading all types of digital assets,” while confirming that the development team is focused heavily on testing the “speed, reliability, and quality” of the new platform, getting it ready for “battle.”

OS2 brings an improved search and find system, featuring a new traits tab, an explore tab, and enhanced sorting tools. Users can now find blockchain-based assets more efficiently than ever before. Also, OpenSea has also integrated fungible token swaps through liquidity aggregators, i.e., users can trade any token very easily in one marketplace.

Additionally, one of the most exciting additions to OS2 is the ability to buy NFTs and tokens across multiple blockchains without needing to manually swap or bridge assets—eradicating a massive barrier in the trading of blockchain-based assets. The announcement also added that OS2 sources the best prices for users by aggregating listings across different marketplaces, ensuring competitive pricing for NFT buyers and sellers.

It is also important to note that the platform is expanding its supported chains, with Flow, ApeChain, Berachain, and Soneium already onboard. More chains will be integrated over time. Users also now have access to real-time analytics, color-coded rarity indicators, and in-depth statistical insights, making investment decisions more informed and strategic.

OS2 also introduces XP, a new rewards program that incentivizes active participation on the platform. Users can earn XP through activities like listing NFTs and placing offers, with more ways to earn expected in future updates. On the other hand, market participant aaalex.eth on X complained that despite generating $1 million in trading volume since 2021, he have not received any XP as a reward.

I did 1m in volume since 2021 yet I have 0 XP

Are you guys really not awarding users who actually made your platform relevant in the first place?

— aaalex.eth 🇺🇸 (@pana067) February 13, 2025

Alongside OS2, OpenSea Foundation confirmed that it will debut a digital asset called SEA. The SEA token will be responsible for driving engagement within the OS2 ecosystem and the NFT space. While details on its release remain undisclosed, SEA will play a role in rewarding loyal OpenSea users and providing utility within OS2.

The development team has decided to learn from the token generation and launch events in the past year and will increasingly focus on the SEA’s utility so that the token’s growth is sustainable, confirmed the official blog post by OpenSea.

Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.

A crypto journalist with over 5 years of experience in the industry, Parth has worked with major media outlets in the crypto and finance world, gathering experience and expertise in the space after surviving bear and bull markets over the years. Parth is also an author of 4 self-published books.

Parth Dubey on LinkedIn

Marco T. Lanz on X