TL:DR – OpenSea’s expansion of its offerings is coinciding with the shutdown of Coinbase’s NFT platform, marking a significant shift in the NFT landscape. While the broader market remains hesitant about NFTs, the core platforms like OpenSea and Manifold continue to drive massive innovation, attracting top artists and collectors to the platform. With their commitment to innovation and accessibility, these platforms are set to become the go-to destinations for NFT creation, trading, and collecting.
OpenSea is one of the largest NFT marketplaces and has established itself as an NFT aggregator. However, with the rise of newer marketplaces like Blur, Manifold, and Rarible, OpenSea is now making a move to become a market source for NFT drops, similar to its competitors. This shift will allow OpenSea to better compete in the NFT space and continue to be a leading place for NFT minting, collecting, and trading.
The recent release of a set of tools by OpenSea will give creators more control and customization options. These tools will allow creators to release NFT collections across multiple blockchains, personalize their landing page, configure allowlists, launch across Ethereum, Polygon, and other EVM chains, and configure drop mechanics. This new feature set will help creators better market their NFTs and give them more control over the buying and selling process.
OpenSea’s move towards becoming a market source for NFT drops is an important step in ensuring the platform remains competitive and relevant in the NFT space. With its new set of tools, OpenSea is making it easier for creators to mint, sell, and trade NFTs, while also offering a more personalized and streamlined experience. This, in turn, will help to attract more creators and collectors to the platform, further strengthening OpenSea’s position as a leading NFT marketplace.
OpenSea continues innovation
While the broader market remains hesitant about NFTs, the core platforms like OpenSea and Manifold continue to drive massive innovation. Both platforms are continuously evolving and improving their offerings, providing artists and collectors with more control, customization options, and new ways to interact with NFTs. This level of innovation has not gone unnoticed and has helped to attract some of the top artists and collectors to these platforms.
As the NFT market continues to grow, platforms like OpenSea and Manifold are well positioned to capture a significant portion of the market. With their commitment to innovation, accessibility, and fair monetization, these platforms are set to become the go-to destinations for NFT creation, trading, and collecting.
We’re excited to start rolling out the next phase of💧Drops on OpenSea💧a product we’ve been working on for the past few months! https://t.co/rRydH289Vq 🧵 ⬇️
— OpenSea (@opensea) February 2, 2023