It’s a trend we’re seeing more and more often: Decentralized exchanges (DEX) are ultimately launching their own tokens – be it for cryptocurrencies or non-fungible tokens ( NFTs ). OpenSea, the well-known NFT marketplace, is not left behind and is diving deeper into the crypto world. The platform is not only launching its own token, but is also expanding to include a full-fledged crypto trading platform.

OS2 Platform: NFTs and Crypto in One Place

The brand new OS2 platform aims to bring together NFTs and tokens in a seamless trading environment. According to CEO Devin Finzer, these digital assets simply belong together and deserve a powerful, frictionless and user-friendly place to trade.

With OS2, OpenSea aims to take the experience to a higher level. One way it does this is by supporting multiple blockchains. In addition, the platform enables cross-chain transactions and bundles different marketplaces, giving users access to a wider and more dynamic offering. As the icing on the cake, you benefit from lower transaction costs in the initial phase, which makes it particularly attractive to try out the platform.

The ‘SEA’ crypto coin

In addition to expanding into crypto trading, OpenSea has another surprise in store: the upcoming SEA token airdrop. Although the exact details and date are still a while away, it is already clear that both active users and early participants will benefit. Currently, OpenSea has not announced an official launch date for the SEA token, so it remains to be seen when exactly the airdrop will take place.

But what can we actually expect from the SEA token? OpenSea has already signaled that it will not be a speculative toy, but rather a way to strengthen long-term engagement on the platform. What exactly that will look like will be revealed in the coming period.

Declining trading volume

The move into token trading and the SEA token airdrop come at a crucial moment for OpenSea. The platform saw a drastic drop in its monthly trading volume, from an impressive $5 billion in 2021 to a mere $190 million last month. So it’s time to act! With these innovations, OpenSea aims to revive trading while reaching a wider audience.

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Margharet Tess

Editor, Developer at Cryptheory Labs

I have been active in the cryptocurrency world for over 6 years, during which I have written countless articles about this sector. What fascinates me most about cryptocurrencies is their technological aspect and the problems they aim to solve. In the past three years, I have ventured into app development and am currently working on a larger project called P2E Buzzer. Stay tuned for the surprise. 🙂 My previous experiences: Business2Community.com, TradingPlatforms.com

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