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OpenSea denies rumors of sale, focusing on development in three major areas: gaming, Web3, and brand loyalty.
OpenSea Vice President: The company is not seeking a sale and is focused on developing three main areas.
Recently, Kelly Digregorio, the Vice President and Head of Content Partnerships at OpenSea, clarified rumors regarding the company's potential sale in an interview. She stated: "Our CEO has never indicated that OpenSea is for sale. I believe there may have been some miscommunication in that interview, leading to media reports that deviated from the CEO's original intent."
Earlier, a crypto media outlet quoted OpenSea CEO Devin Finzer as saying he has an "open attitude" towards acquisitions. This news has garnered widespread attention, especially against the backdrop of a sluggish NFT market and increasing competition. In November last year, OpenSea already made significant layoffs of 50%.
Despite the challenging market environment, Kelly stated that the company is still actively developing exciting new projects. She highlighted OpenSea's developments in three main areas:
Gaming Sector: In collaboration with Gunzilla Games, will integrate its Avalanche subnet into the OpenSea marketplace, allowing players to trade in-game NFT assets.
Web3 Native Field: Launched multiple technological upgrades, such as the Seaport 1.6 protocol upgrade and ERC-721C compatibility support, to enhance creator rights protection.
Consumer loyalty area: Collaborating with various brands, such as the Web3 TV package launched by Samsung, which combines NFTs with physical products.
Kelly emphasized that OpenSea is focused on developing OpenSea 2.0, which will rebuild the platform architecture in multiple ways to enhance the speed of integrating new chains and deploying new features. She stated that the company is very confident about the application prospects of NFTs in areas such as gaming, tokenized assets, and ticketing.
Regarding the trend of NFT financialization ( NFTFi ), Kelly believes that this concept is still vague and requires further observation of its specific development direction. She stated that OpenSea has always focused on secondary market trading and is open to the specific presentation of NFTFi.
When talking about the relationship with competitors, Kelly emphasized that OpenSea's product positioning and focus are different from other platforms. OpenSea places more emphasis on creator tools, user experience, and security, such as launching OpenSea Studio and implementing creator royalty protection measures.
Regarding the regional differences in the NFT market, Kelly pointed out that different regions have their own advantages in specific verticals. For example, Japan and South Korea are active in the gaming NFT sector, while North America stands out in the fields of artistic creation and generative AI NFTs.
Finally, Kelly briefly commented on the role of NFTs in the political and regulatory environment. She believes that NFTs and cryptocurrencies are gradually becoming political topics in elections, but regulation is not OpenSea's primary concern. The company is more focused on providing a reliable trading platform for users and creators through strong trust and security measures.