OpenSea Launches OS2 Platform With Token Trading And $SEA Community Token

NFT marketplace OpenSea on Thursday launched OS2, a major overhaul of its platform that expands beyond NFTs into token trading.

With OS2, OpenSea aims to offer a unified marketplace for digital assets, integrating cross-chain purchasing, aggregated liquidity, and lower fees.

The OpenSea Foundation has also announced $SEA, a new token designed to engage and reward users within the NFT and crypto ecosystem.

What Happened: “This represents an expansion of OpenSea from an NFT marketplace to a much broader platform for trading all types of digital assets,” said Devin Finzer, CEO and co-founder of OpenSea. “Tokens and NFTs belong together in a single, powerful, delightful experience.”

OpenSea describes OS2 as a ground-up rebuild, bringing enhanced functionality, faster performance, and a redesigned user experience.

Some of the most significant updates include NFT and token trading in one platform, allowing users to trade ERC-20 tokens alongside NFTs with access to liquidity from third-party aggregators.

Cross-chain purchasing enables buyers to purchase NFTs and tokens across multiple blockchains without manually bridging or swapping assets.

New blockchain support has been introduced, with Flow FLOW/USD, ApeChain APE/USD, Berachain BERA/USD and Soneium FLOW/USD now available and more to come.

The platform launches with 0.5% fees for NFTs and zero fees for token trades.

Marketplace aggregation compiles listings from multiple marketplaces to ensure users access the best prices.

Live analytics and rarity tools provide real-time updates, in-depth statistics,and color-coded rarity indicators.

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A newly introduced XP rewards program allows users to earn XP through platform engagement, with rewards tied to usage.

OS2 also reintroduces delisted collections and locked items, a move Finzer describes as a shift away from restrictive policies.

“We’re changing policies that didn't make sense for Web3,” he noted in a tweet.

Why It Matters: Alongside OS2, the OpenSea Foundation has announced $SEA, a token aimed at strengthening engagement within the NFT and broader crypto ecosystem.

While specifics remain undisclosed, the foundation emphasized that historical OpenSea activity, not just recent engagement, will be a key factor in token distribution.

“With $SEA, we're rewarding OGs who believed in our space from the early days, and those with us for the long run,” Finzer tweeted.

The OpenSea Foundation assured users that the claim process will be simple and accessible, including for U.S. users, and that the focus will be on long-term sustainability rather than short-term speculation.

The launch of OS2 and $SEA comes as OpenSea seeks to redefine its role in Web3, acknowledging past missteps. “The NFT bull market changed us. We got too corporate, too Web2, and let fear of risk outweigh building for users,” Finzer admitted.

With a leaner, crypto-native team, OpenSea is aiming for faster innovation, prioritizing user feedback and iterative development. “What’s in the open beta today is just the beginning,” Finzer noted. “We’re going to keep shipping: NFTs, tokens, creator tools, AI x crypto.”

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