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OpenSea CEO: We Revamp Business Model Amid NFT Market Slowdown

Finzer Sees Growth Potential in Broader Token Trading.

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Devin Finzer, CEO of OpenSea, one of the top NFT marketplaces, told Bloomberg Crypto that the company is shifting its focus from just NFTs to “tokenizing everything”. Non-fungible tokens remain a separate segment, but the main goal is to make crypto accessible to a wider audience.

The company is pursuing long-term growth, exploring innovations in stablecoins, payment systems, and custodial solutions.

“NFTs are just the tip of the iceberg,” Finzer said. “Now we are focusing on tokenizing everything possible, and we are excited to build a platform that provides this opportunity.”

Asked why the NFT market isn’t bouncing back as fast as Bitcoin, Finzer explained that speculative, fungible assets have shifted to other currencies popular with traders. Average users mostly notice price swings, while developers focus on long-term progress and are prepared for both highs and lows.

On competition with platforms like Robinhood and Coinbase, Finzer drew a clear line. Those firms are building financial crypto platforms or banks, while OpenSea was the first to bring crypto assets to a broad consumer audience. Musicians, gamers, artists, and collectors have engaged with blockchain through OpenSea without needing to understand Bitcoin or Ether.

Finzer emphasized that OpenSea aims to give users a full crypto experience and sees enormous growth potential ahead.

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This post is for informational purposes only and does not constitute advertising or investment advice. Please do your own research before making any decisions.

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