$2B+ NFT Summer & What’s Next with OpenSea CEO Devin Finzer
If you’re a part of the NFT community in any capacity, you’ve almost certain to have spent a good amount of time on OpenSea. As the world’s largest secondary marketplace for NFTs, the platform hit over $1 billion in sales in August alone.
“We were completely flabbergasted by the last couple weeks and the month of August so far is just insane,” says co-founder and CEO Devin Finzer. “It really feels like a brand new internet… a lot of trends people have been talking about for a long time are coming together.
Beyond the explosion in sales volume and mainstream interest, Finzer and the rest of the OS team are firmly devoted to empowering those in the NFT and crypto spaces.
“Our simplest and most immediate mission is to build the best, largest, deepest and broadest marketplace for NFT’s,”says Finzer “But you know, looking further into the future, we’re really excited about the conversion of all sorts of wealth to real digital wealth. So we’re empowering creators, empowering game developers, empowering collectors and really just trying to build the foundational layer for a completely new paradigm in online life.”
On this episode of the nft now podcast, Devin Finzer talks about what’s next for OpenSea, how far the NFT market has come, how to onboard people outside of crypto and more.
It’s easy to get caught up in the “we’re early” sentiment, but when the CEO of the largest marketplace says consumers are still having a hard time making the fiat to crypto transition – it’s hard not to feel like you’re GMI.
“I think onboarding right now is still really difficult, so that’s something that we’re starting to work on more is how do we get the first user to sign up and understand NFT’s,” says Finzer. “I was just user testing the other day, and it was really hard for someone to even understand that MetaMask was a Chrome extension.”
Issues like accessibility, UI and cross-chain compatibility have been at the forefront of OS feature requests for quite some time. These updates obviously won’t be implemented overnight, but Finzer says “we have a lot of room to improve.”
“We’re definitely excited about the early ecosystems on new layer ones like FLOW, Tezos Solana and other,” he explains. “We built our infrastructure in a way that we can support many different chains in the future.”
Be sure to hit subscribe and stream our full conversation with Devin Finzer here.