OpenSea Launches OS2 Marketplace Across 19 Blockchains

Coin WorldThursday, May 29, 2025 3:16 pm ET
1min read

OpenSea has fully launched its reengineered marketplace, OS2, enabling comprehensive token trading across 19 blockchains. This new platform integrates NFT and fungible token trading, real-time analytics, wallet tools, and liquidity aggregation from decentralized exchanges. The 19 supported blockchains include prominent layer-1 networks such as Ethereum, Avalanche, and Flow, as well as scaling networks like Base, Optimism, Arbitrum, and Soneium.

The launch of OS2 marks a significant shift for OpenSea, which had previously faced declining use amid broader NFT market stagnation and increased competition from rivals like Blur and Magic Eden. The new platform aims to become the premier destination for on-chain activities, including NFTs and tokens, across various chains and communities.

A key feature of the OS2 launch is the introduction of Voyages, a gamified rewards system that incentivizes on-chain activity. Users can earn XP points for actions such as minting NFTs, swapping tokens, and holding assets. While XP is currently live, it is widely anticipated to play a crucial role in the upcoming launch of the SEA token, which will be issued by the OpenSea Foundation. The Foundation has indicated that the SEA token will not be released until its core utility is fully established, referring to this event as the "TGE" or token generation event.

Early beta testers of OS2 have already received digital artifacts known as "Treasures," which anchor their eligibility for future rewards. The team has confirmed that historical platform activity and ongoing XP accumulation will influence eventual token allocations. The platform's community infrastructure has also been overhauled, with a streamlined Discord server offering role-based channels for various on-chain interests, including DeFi, gaming, and digital art.

The launch of OS2 comes just months after the U.S. Securities and Exchange Commission closed its investigation into whether OpenSea violated federal securities laws. This regulatory relief has allowed OpenSea to focus on enhancing its platform and preparing for the SEA token launch. The company had previously argued that classifying OpenSea and similar NFT marketplaces as securities exchanges or brokers would be regulatory overreach.

In summary, OpenSea's relaunch of its trading platform with the OS2 system and the introduction of the Voyages rewards program signifies a strategic move to revitalize its market position. The platform's expanded capabilities and community-focused features aim to attract users and prepare for the future launch of the SEA token, positioning OpenSea as a leader in the on-chain trading ecosystem.