According to CEO Devin Finzer, the platform, which is called OS2, is a “complete reset,” includes a 0.5% fee on NFT sales, and eliminates fees for token swaps. It also reintroduces previously locked items and delisted collections while removing “unnecessary bans” to align with decentralized Web3 principles.

OS2 supports 14 blockchains, including Flow, Apechain, Sony’s Sonetum, and Berachain, with plans to add more. Users can now purchase NFTs across chains natively. Opensea’s CEO stated the update prioritizes collectors and professional traders through improved discovery tools and a unified interface for NFTs and tokens.

The nonprofit Opensea Foundation will issue the SEA token to reward long-term users and creators. Details on distribution remain undisclosed. The company acknowledged past criticisms of becoming “too corporate” and said OS2 reflects a cultural shift toward leaner, crypto-native operations.

Finzer said future updates will focus on creator tools, AI integration, and tokenized assets. Opensea’s beta is live at opensea.io/os2. The overhaul follows months of internal restructuring, including staff reductions. Finzer did not specify a timeline for the full rollout or SEA token release.

“To all the haters: you made us better,” Finzer remarked. “To those who stuck with us through the ups and downs: we’re building the Opensea you always believed in.”

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