OpenSea is launching the trading platform again with rewards prior to Sea Token Debut

OpenSea has terminated the beta phase of its re-motivated market place, called OS2, with full token trade in 19 Blockchains, a new on-chain reward system called “Voyages” and structural changes that indicate the upcoming token launch.

“OS2 is the basis for the next generation OpenSea,” said CEO Devin Finzer Decrypt. “We rebuilt the platform from the ground to become the best destination for everything that is in the chain, from NFTs to tokens, about chains and communities.”

The rollout replaces the original NFT market experience of OpenSea, which had seen decreasing use in the midst of wider NFT market stagnation and growing competition from prominent rivals such as Blur and Magic Eden.

OS2 combines cross-chain NFT and fungible token-trade with real-time analyzes, wallet tools and liquidity aggregation of decentralized fairs, according to a statement shared with Decrypt. The 19 chains include prominent Layer-1 networks such as Ethereum, Avalanche and Flow, together with a range of scale networks such as basic, optimism, arbitrum and Soneium.

An important part of the launch is Voyages, a Gamified System that rewards users with XP for completing actions such as mood NFTs, exchange tokens and holding assets.

Although XP is already live, users expect it to play a role in the launch of the upcoming SEA token, which will be published by the OpenSea Foundation.

In a corresponding blog post, OpenSea CMO Adam Hollander noted that the Foundation will “release Non Zee until the core use is appropriate”, called “the TGE” – shortly before tokentameration event.

Early beta testers have already received digital artifacts that are known as ‘treasures’ to anchor their suitability for future rewards. The team has also confirmed that historical platform activity and continuous XP accumulation will influence the final tokentemings.

OS2 was first launched in Bèta in February after a rebuilding of the year, including Team Downsizing and a re -assignment of the core model of OpenSea.

The first XP reports caused a recoil after stimulating massive NFT mentionings, which limits the team rewards to more intentional actions such as buying and holding.

The community infrastructure of the platform has also been overhauled. A streamlined Discord Server now offers roles -based channels for Defi, Gaming, Digital Art and other interests in chains.

The update arrives only a few months after OpenSea said that the US Securities and Exchange Commission had conducted its investigation or the platform has violated the federal securities laws. The SEC ultimately ended almost all its lawsuits and investigations against Crypto companies after President Donald Trump’s return to the White House.

“Classifying OpenSea and similar NFT marketplaces such as securities fairs or brokers would be regulatory,” the company wrote in a letter to SEC commissioner Hester Peirce, in the aftermath of the regulator to terminate the probe.

Published by Andrew Hayward