Key Points:
Read more: Layer 2 Network Blast NFT Has Been Launched On OpenSea
The company announced the news on X, where it opened a waitlist to enrol interested users.
The OpenSea new version will boast a suite of improvements to further open up access to trading, bolster safety, and streamline onboarding for its users. That, in turn, will create a more composable marketplace, better-arranging NFTs for a plethora of use cases and creating a superior user experience.
The company is doing this because the NFT market is gradually recovering and facing increasing competition from other platforms. Many NFT collections realized strong sales figures in October, showing interest in the digital asset class, which has been rejuvenated once more.
The launch of the OpenSea new version is also facing legal challenges. The company’s legal issues with the U.S. Securities and Exchange Commission are definitely a barrier to its expansion plans. Back in August, the SEC served a “Wells Notice” to OpenSea, an indication that the agency would sue the platform for claiming the NFTs traded over OpenSea could be considered securities.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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