Despite market volatility, OpenSea CEO Devin Finzer remains optimistic about NFTs. Finzer told BeInCrypto that digital assets are growing, trends are evolving, and new collaborations are underway.
Due to rising gaming and physically supported NFT demand, Finzer said NFTs are not declining. OpenSea has worked with Courtyard on Pokémon card initiatives and Parallel and Revolving Games. “We see emerging use cases popping up on OpenSea all the time,” he added.
OpenSea prioritizes gaming user experience. To boost user engagement, the business launched engaging game trailers and a new redeemables standard. “Video should highlight gameplay,” Finzer said.
Recent crypto market advancements have made NFT transactions more interesting and affordable. Finzer feels these innovations are necessary to attract new consumers. The redesigned OpenSea onboarding process streamlines wallet setup and fiat payments. Create an account with your email now.
Finzer lauded Parallel, a Web3 game pioneer, for their ambitious undertakings. Utility-backed NFTs are important to industry development, he says. “We need more collections with real-world utility,” said.
Finzer remains hopeful despite NFT market turbulence. He wants to maintain OpenSea at the forefront of NFT by providing new features and possibilities. “We’ll evolve the marketplace to better merchandise the utility behind an NFT,” he said.
Four months ago, the security breach at Ledger Connect has sent shockwaves through the community, with many NFT enthusiasts worried about potential losses. The incident has had an impact on users such as Muro, an OpenSea user who suffered a $50,000 financial setback and lost some NFTs.
Sophia Hernandez is an experienced crypto writer who has been writing about crypto and blockchain technology for 3 years. She has a deep understanding of the complexities of the crypto market and is skilled at breaking down these concepts into easy-to-understand language for readers.
