OpenSea rejects pivot from NFTs, says it’s evolving to ‘trade everything’


OpenSea rejects pivot from NFTs, says it’s evolving to ‘trade everything’


OpenSea CEO Devin Finzer says the platform isn’t abandoning NFTs but expanding into a universal onchain trading hub.

OpenSea CEO Devin Finzer has rejected claims that the company is pivoting away from non-fungible tokens (NFTs), saying instead that the marketplace is “evolving” into a universal platform to trade every type of onchain asset.

In a Friday post on X, Finzer announced that OpenSea’s October trading volume exceeded $2.6 billion, with over 90% of that amount coming from token trading, calling it the beginning of the platform’s transformation to “trade everything.”

“We’re building the universal interface for the entire onchain economy — tokens, collectibles, culture, digital and physical,” Finzer told Cointelegraph. “The goal is simple: if it exists onchain, you should be able to trade it on OpenSea, seamlessly across any chain, while maintaining complete control of your assets,” he added.

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