OpenSea CEO: Trying to create differentiation between NFTs, more bullish on Ethereum NFTs than Bitcoin
Bloomberg reported that OpenSea CEO Devin Finzer stated that they are working on developing "OpenSea 2.0" to explore more use cases for NFTs, while focusing on creating differentiation and distinctiveness in the practical applications of each NFT. Additionally, Finzer expressed that Ethereum is more suitable than the currently popular Bitcoin network to be the preferred blockchain for NFTs.
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Devin Finzer: NFT Should Have Differentiation in Applications
The CEO of leading NFT marketplace OpenSea, Devin Finzer, revealed in an interview that the platform is currently focused on upgrading. The company is repositioning around the previously mentioned "OpenSea 2.0" brand, emphasizing on underlying technology, platform quality, and speed.
In response to the NFT bear market, OpenSea is downsizing by 50%, "OpenSea 2.0" is set to launch
At the same time, the team also expressed a commitment to creating more use cases and differentiation for NFTs, as well as providing a smoother user experience:
Currently, the display of NFTs on OpenSea and other platforms is identical, whether it's for gaming tokens or event tickets.
Finzer hopes to create a market interface that allows for personalized customization of NFTs based on individual needs, cases, or usage scenarios, and to display them to others. This would enable the platform to provide a more personalized and convenient user experience in various situations.
He added, "OpenSea is currently designing to show ticket NFTs on a calendar, sorted by date."
Furthermore, Finzer also mentioned that the upgrade to OpenSea 2.0 will allow users to freely switch between "standard" and "professional" analysis charts. Additionally, the team has enhanced monitoring mechanisms for counterfeit NFTs and risky phishing URLs.
Ethereum Remains the Preferred Blockchain for NFT Development
When asked about his views on the previously popular Bitcoin NFT Ordinals, Finzer responded by stating that they have been closely monitoring the surge in Solana blockchain NFTs usage and Ordinals trend:
Despite having other competitors, I remain optimistic about Ethereum being the preferred blockchain for NFTs, especially considering its low transaction fees and convenient trading experience on the L2 network.
He added that even though the ETF hype has boosted Bitcoin prices, he does not believe that this blockchain will be the primary choice for future NFTs.
However, regarding the sensitive issue of "stop forcing creators to pay royalties," Finzer chose not to comment further.
OpenSea Surrender? Controversy over stopping mandatory creator royalties, Yuga Labs: Will gradually withdraw
Creating a Wallet with Email Made Easy
A few days ago, OpenSea announced through its Blog that starting last week, users will be able to create a wallet using their email to connect to the OpenSea website.
NFTs just got a whole lot easier.
Introducing the new OpenSea onboarding experience, where you can sign up and create a self-custodied wallet with just an email address. pic.twitter.com/C4xjjKYg4k
— OpenSea (@opensea) January 9, 2024
Through our user-friendly onboarding and Privy technology, users can now create a self-custodial encrypted wallet integrated with their OpenSea account using their email. This allows for easy buying, selling, or transferring of NFTs using credit and debit cards.
In other words, users will no longer need to create a wallet beforehand to use OpenSea more easily and to view or participate in transactions on the blockchain.