In an aim to expand its ecosystem, non-fungible token (NFT) marketplace giant OpenSea has introduced OS2, a cross-chain trading platform, alongside its native token, $SEA. The OpenSea Foundation unveiled these developments on February 13, 2025, calling it the “most significant update in OpenSea’s history.”
- With the launch of OS2 and $SEA, OpenSea is evolving from an NFT marketplace to a comprehensive digital asset trading platform, integrating fungible tokens and NFTs in a single ecosystem.
The Launch of OS2
OS2 is called by the OpenSea Foundation as “a new OpenSea,” but is “built differently.”
- It is currently in beta mode.
- It also uses the same website address of https://opensea.io/.
- As per the OpenSea Foundation, OS2 will offer lower fees at the beginning of the launch.
Key Features of OS2:
- Updated core functionality — improved search, sorting, and discovery tools via a new traits tab, explore tab, and more.
- NFTs and tokens in one place — access to fungible token swaps via integrated liquidity aggregators.
- New chains — with additional chains being added frequently.
- Cross-chain purchasing — allowing users to buy NFTs and tokens across multiple blockchains without needing to manually swap or bridge.
- Aggregated marketplace listings — helping users source the best prices.
- Live data & analytics — color-coded rarity, real-time updates, and in-depth stats.
- Enhanced user experience — homepage redesign, faster navigation, wallet sidebar, and real-time notifications.
- Rewards (XP) — a program designed to benefit users of the platform.
Key Quote:
“This represents an expansion of OpenSea from an NFT marketplace to a much broader platform for trading all types of digital assets. We think tokens and NFTs belong together in a single, powerful, delightful experience. Our community of beta testers have been battle-testing the platform, pushing on speed, reliability, and quality. The result is something that finally feels right — a single home for all your digital assets that just works.”
Devin Finzer, Co-Founder and Chief Executive Officer, OpenSea
The $SEA Token and Airdrop Details
OpenSea Foundation clarified that it is launching $SEA as a utility token for OS2.
- Launch and Airdrop Date: Undisclosed.
- Airdrop Recipients: Both active users and those who have been part of the platform since its early days, as per the foundation.
- Design: The token’s utility is said to focus on long-term engagement rather than short-term speculation.
Key Quote:
“The OpenSea Foundation is excited to announce the $SEA token, which will mark a major step in empowering our community and fostering the OpenSea ecosystem and the Seaport Protocol on which it operates. $SEA is designed to encourage greater community engagement and support the next chapter of the NFT ecosystem.”
James Hu, General Manager, OpenSea Foundation
How to Potentially Qualify for the $SEA Airdrop
Though there are no official details on how to qualify and earn $SEA on the airdrop campaign, OS2 displays the steps on how to earn rewards, which could potentially be the airdrop itself.
- Engage and do transactions in the NFT marketplace.
- Always use OpenSea.
- Enter as early as possible.
- Trade on OS2.
Moreover, crypto influence Maki posted on X the possible terms and conditions of the campaign:
- Users are subjected to the KYC/AML process.
- The allocation checker will be available before the claiming period.
- Participants have to be 18 years old and above.
- VPNs are not allowed for restricted countries, failing to do so may be disqualified from airdrop.
About OpenSea
Established in 2017, OpenSea is one of the leading platforms for buying, selling, and discovering NFTs.
- It supports Ethereum, Polygon, Klaytn, Arbitrum, Optimism, Avalanche, Zora, Base, Blast, and Sei blockchains.
By the Numbers: According to Dune Analytics
- $5 Billion trading volume, peak recorded in 2021.
- $190 Million trading volume for the month of January 2025.
- $33 Million annualized revenue.
This article is published on BitPinas: OpenSea Introduces OS2 and $SEA Token with Airdrop – Everything You Need to Know
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