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OpenSea, one of the leading multi-chain non-fungible token marketplaces, has finally launched its long-awaited upgraded trading platform OS2 after several months of development and testing. The NFT marketplace OpenSea announced the creation of its upgraded NFT trading platform in November 2024. The upgraded NFT trading platform features unlimited perks, including letting users trade NFTs across 19 blockchain networks.
Upgraded OS2 NFT Trading Platform Goes Live
In a May 29 blog post, Adam Hollander, the chief marketing officer of OpenSea, confirmed that his team has officially launched the long-awaited upgraded trading platform ‘OS2.’ The new OS2 trading platform expands OpenSea’s capabilities to include both NFT collections and fungible tokens while introducing significant fee reductions and cross-chain functionality. The new OS2 platform reduces marketplace fees from 2.5% to 0.5%.
OpenSea has evolved.
Beta complete. Full token universe unlocked.
New rewards program live. Welcome to the new OpenSea — the best place to discover, own, and trade anything onchain. pic.twitter.com/ccycD0bgCA
— OpenSea (@opensea) May 29, 2025
Founded sometime in 2017, OpenSea is a prominent marketplace for buying, selling, and trading non-fungible tokens, which are unique digital assets. It serves as a platform for artists, collectors, and enthusiasts to engage with the NFT ecosystem. It offers users the ability to buy, sell, create, and trade NFTs. During the 2021 historic bull run, OpenSea was the largest NFT market platform by trading sales volume.
Recognizing the transformative potential of NFTs, the OpenSea leadership, led by Devin Finzer, who serves as the chief executive officer, thought of creating a new NFT marketplace that would enable creators and collectors to actively engage in the emerging digital ownership economy. In February 2025, the OpenSea marketplace team launched the beta version of its upgraded NFT trading platform.
Earlier this week, the OpenSea NFT marketplace announced the official launch of OS2 after months of successful testing. The upgraded trading platform comes along with exclusive features, including cross-chain purchasing without manual bridging, aggregated listings from multiple marketplaces to ensure optimal pricing, a redesigned homepage with real-time notifications, a new traits tab, an explore tab, and live analytics with color-coded rarity indicators and a wallet sidebar for easier asset management.
$SEA Airdrop Is Coming Soon
Before summarizing, Hollander has confirmed that the OpenSea NFT marketplace will launch its native token $SEA later, teasing that the upcoming $SEA token generation event will not be just another TGE, but it will be the real TGE. He added that his team is moving with urgency to ensure that $SEA has thoughtful mechanics, reasons to hold it, and long-term alignment with community expectations.
— Adam Hollander (@HollanderAdam) May 29, 2025
Hollander has shared three ways in which NFT user secure their allocation in the upcoming $SEA airdrop. NFT users will receive their allocation of $SEA from the Foundation at TGE based on their past history, current activity, and reward programs like “XP and Voyages.” On OpenSea, “Voyages” is a system that rewards users with XP for engaging with the platform’s features. This system encourages users to explore various aspects of OpenSea, including on-chain swaps, NFT purchases, and sharing their galleries.
In OpenSea, XP stands for “experience points,” a reward system used to incentivize NFT user engagement on the platform. Users earn XP through various activities on OpenSea, such as listing and bidding on eligible collections. The accumulated XP is used to determine eligibility for potential airdrops and is a measure of a user’s “loyalty” to OpenSea. According to Hollander, anyone suspected of botting or unfairly farming across multiple wallets will attract the risk of having their reward accounts suspended.
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