OpenSea 2.0 Aims to Elevate NFT Marketplace Experience

• CEO Devin Finzer has said that this update is an effort to improve the user experience.
• An adaptable marketplace interface to different use cases is what OpenSea is eyeing.

A major NFT marketplace, OpenSea, is working on an update to its platform called OpenSea 2.0. In light of the fact that NFT categories are always evolving in response to new use cases, CEO Devin Finzer has said that this update is an effort to improve the user experience and set them apart.

So far, OpenSea and similar platforms treat all NFTs the same way, whether they’re for games or events. A more adaptable marketplace interface to different use cases is what Finzer is really hoping to achieve.

Revamped Interface

The improvement is being worked on by OpenSea and will include the ability to organize ticket NFTs by date and show them on a calendar. This will allow for a more personalized experience. As rival professional trading platforms such as Blur and Tensor continue to gain traction, OpenSea has decided to update its own pro trading platform in an effort to attract more users.

Thanks to the revamped interface, users will have no trouble moving between the collection view and the advanced view. Furthermore, in response to widespread security concerns, OpenSea has enhanced its ability to identify fraudulent NFT collections and malicious URLs.

Despite Finzer’s silence on the subject of NFT creators’ required royalties being terminated, he failed to reveal if OpenSea intends to reinstate such a scheme at a later date.

In terms of new developments, Finzer pointed out that NFTs are becoming more popular on the Solana blockchain and that Ordinals, which are similar to NFTs but on the Bitcoin blockchain, are becoming more popular. Regardless of these tendencies, he is still bullish about Ethereum’s prospects as the NFT blockchain of choice, thanks to the layer-2 chains that allow for faster and cheaper transactions.