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Ivan
@ivanhv.eth
The OpenSea journey has been rough and controversial. The startup, fostered by Y Combinator, quickly became a tech unicorn and an NFT sector monopolist. By 2025 the OpenSea timeline became a “rise and fall” story. On Feb. 13, the New York-based company announced the launch of a new version, OS2. The tweaks address some of the concerns while ignoring others. The NFT (non-fungible token) market is still alive, despite losing momentum. The long-term trend is far from being inspiring. Nevertheless, in 2024, the overall NFT trading volume reached $8.8 billion. The launch of OS2 is aimed at flipping the trend, which is hardly an easy task.
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