OPENSEA 2.0: MARKET REVIVAL AND FOCUS ON NFT USE-CASES

 

Amid a downturn in the NFT market, with global sales falling to $8.7 billion in 2023, OpenSea, a key player in NFT transactions, is working on OpenSea 2.0. This development coincides with changes in the industry, including the rise of blockchains like Solana and the introduction of new assets such as Ordinals on the Bitcoin blockchain.

Devin Finzer, CEO of OpenSea pinpoints the need for the industry to view NFTs beyond just collectible images. He suggests that success in the NFT industry, and for OpenSea itself, should be measured by more than just sales figures, indicating a shift towards a broader application of NFTs.

Open Sea hasn’t had a smooth sail so far as they have faced various challenges which include a decline in market share due to scandals like insider trading convictions and critiques of its royalty policies. However, Finzer remains optimistic about the future of Ethereum and its layer-2 networks as prominent platforms for NFTs. This optimism persists even as Bitcoin’s value experienced a substantial rise last year, and competitors like Blur, OKX NFT Marketplace, and Magic Eden have surpassed OpenSea in terms of trading volume.

The OpenSea 2.0 platform aims to improve user experience by providing more tailored displays of NFTs. For example, ticket-related NFTs could be viewed within a calendar format. “We really want to have a marketplace interface that can be better customized to suit each type of use case,” stated Devin Finzer.

OpenSea 2.0 not only aims to enhance the user experience but also addresses concerns within the NFT community. The platform plans to tackle issues like counterfeit NFT collections and malicious URLs, implementing security measures to ensure a safer marketplace, etc.

Open Sea’s latest endeavor underscores their commitment towards pushing the boundaries of innovation in a quest to elevate user experience. Enhancing user experience and fortifying security is the very essence of their endeavor and we at SKOR Metaverse are thrilled about this development as it aligns with our vision of pushing the boundaries of innovation in a bid to provide enchanting experiences to our users.

SKOR Metaverse is an e-sports gaming metaverse company, that seamlessly melds state-of-the-art AI technology with the captivating realms of augmented reality (AR) and virtual reality (VR), resulting in the creation of an immersive fan engagement platform.

Through a varied array of products, SKOR Metaverse will enable users to seamlessly connect with their favorite teams and players, partake in real-life e-sports tournaments, and delve into immersive esports scenarios.

Users will also have the chance to actively engage in chat, customize avatars, tailor experiences to their liking, and accrue rewards for their enthusiastic participation.

Please follow us on our social media channels and visit our website https://skormetaverse.io/ to keep up with everything we are doing and to play our 200+ free to play hyper-casual games https://lnkd.in/gA5CeE5r

If you would like to get in touch with us, please contact info@footballrare.com

Comments

Post a Comment

Popular posts from this blog

Google announces Genie AI that can create video games from a text prompt

Image
  Google DeepMind recently introduced Genie, an artificial intelligence (AI) model that can create interactive video games from just a prompt or image. This development allows new possibilities for game design and interaction. What makes this model so unique is the fact that it was trained on 200,000 hours of unsupervised public internet gaming videos. Genie can create video games without any coding, which makes it targeted towards making development more accessible. Impressively, the AI can identify the main character in these titles. This allows users to control that character in the new environments. This Google AI model can generate games at one frame per second (FPS) for a more retro gaming experience. However, it is interesting to consider the possibility of higher frame rate development in the future. The technology behind Genie involves a Latent Action Model, Video Tokenizer, and Dynamics Model. These components work together to understand and predict the dynamics of video ...
Read more

ANIMOCA BRANDS PARTNERSHIP WITH LAMBORGHINI BRINGS LUXURY CARS TO WEB3

Image
  Lamborghini and Animoca Brands have teamed up to bring the luxury car experience to the blockchain. This partnership aims to align web3 technology with Lamborghini’s automotive prowess, providing an enriching experience for fans and customers. With Animoca Brands expertise this collaboration positions Lamborghini at the forefront of a shifting landscape where digital platforms play a role in brand strategies. To further enrich this collaboration exclusive partners like Gravitaslabs and Motorverse have also joined in. Lamborghini cars will foray into the digital realm which will create exceptional experiences for both fans and customers. A key feature of this partnership is Lamborghinis participation in Motorverse, a Web3 based ecosystem dedicated to vehicles and motorsport culture. Additionally, this partnership will involve the creation of engaging platforms that leverage technology, NFTs and gamified solutions. These platforms aim to captivate audiences in ways by adding a dime...
Read more

MAZDA’S ICONIC MX-5 MIATA NFTS HIGHLIGHTS ASTAR’S “YOKI ORIGINS” LAUNCH

Image
  Astar Network has announced its collaboration with Mazda Motor Corporation in the launch of Yoki Origins, a vibrant campaign showcasing the potential of Web3 technology. Showcasing the campaign’s appeal and potential, Mazda will debut its first-ever NFT collection, featuring the iconic MX-5 MIATA. The Yoki Origins campaign marks Mazda’s step into the world of NFTs, allowing them to explore new forms of storytelling and interaction in the Web3 realm. The NFT collection comprises unique artistic pieces, including special NA/ND MX-5 MIATA editions. With a nod to Japanese artistry, the NFT collection presents Mazda’s MX-5 MIATA, reflecting its unique place in the automotive subculture. The collection comprises 10 NFTs, an intriguing mix that includes four NFTs celebrating the Japanese seasons in collaboration with Mazda, a unique Mazda × Astar NFT, and another that pairs Mazda with Hiroshima. Additionally, there are two special editions featuring the NA/ND MX-5 MIATA, alongside two s...
Read more