Pudgy Penguins shut down rumors of an OpenSea buyout, calling the speculation unnecessary and pointing instead to growing brand partnerships.
OpenSea News
OpenSea is a decentralized marketplace for cryptocurrency collectibles, particularly nonfungible tokens (NFTs). The platform enables anyone to buy, sell or trade digital assets and transfer them to a personal cryptocurrency wallet. OpenSea also allows users to create their own marketplaces for specific types of assets. For example, there are marketplaces for digital art, music, photography and sports, among many others.
OpenSea runs on the Ethereum blockchain and uses smart contracts to facilitate transactions. This ensures all transactions on the platform are transparent and secure. It is also one of the few marketplaces to allow users to buy, sell or trade NFTs from various blockchain platforms, namely Klaytn, Ethereum, Solana and Polygon.
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Though modest compared to 2022 levels, the latest spike in Ozzy Osbourne’s CryptoBatz NFTs could signal an NFT market rebound.
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OpenSea is pivoting beyond NFTs with a new mobile app focused on token trading, DeFi, and AI, aiming to stay competitive as NFT volumes decline and rivals gain ground.
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OpenSea is going mobile after acquiring Rally, with plans to unify NFT and token trading, as well as expanding into DeFi, perpetuals and AI-powered tools.
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Adam Hollander told Cointelegraph that the number of weekly unique collectors on OpenSea has increased by 40% since January.
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The ending of enforcement actions against several crypto firms, indicates a changing tide when it comes to crypto regulation, says Finzer.
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NFT sales volumes reached $1.5 billion in the first quarter of 2025, a 61% decline from the same period in 2024.
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OpenSea’s lawyers argue NFT marketplaces should be exempt from SEC regulation, as they don't fit the definition of a broker.
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OpenSea co-founder and CEO Devin Finzer said the SEC dropping its investigation into the NFT marketplace is a huge win for the space.
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OpenSea founder Devin Finzer announced that the SEC is closing its investigation into the NFT platform, calling it “a win for everyone” in the industry.
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OpenSea teased its upcoming token launch and airdrop, clarifying that SEA will be available to users based in the United States.
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OpenSea has paused XP rewards for listing and bidding on collections in its new platform following feedback from the community.
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The token launch is part of a broader revamp of the protocol, which its CEO says became too “corporate.”
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Artificial general intelligence firm Sentient held an NFT mint with over 650,000 participants.
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OpenSea CEO Devin Finzer said the community found a “test website” and that the information it contained was not actual terms and conditions.
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