Open Sea wants to help Web2.0 brands.

Saturday, May 6, 2023|

OpenSea, one of the largest NFT marketplaces, has a trading platform that allows users to buy and sell digital assets. The company is trying to appeal to other audiences like Web 2. Shiva Rajaraman is OpenSea's chief business officer.

Rajaraman said that there was a lot of talk about what the potential could look like. Some projects that have real benefit or utility will be launched this year. Making bigger bets with key Web 2 is the big journey right now. Rajaraman said that there were 0 and web3 creators or brands.

Do whatever it takes to make that product come to life. Don't just work on the front stage, work on the back stage as well. OpenSea has grown to be home for over 2 million collections composed of 80 million NFTs. More than $20 billion has been transacted on its platform.

Rajaraman said that one of the biggest issues in the NFT space is the need for tools for non-native brands. It is too complicated, so if we can make it easier, a creator can do what they do, which is be creative, and we will take care of the rest. There are many non-web3 industries out there, including fashion, luxury, gaming, media and entertainment. Loyalty and membership are two areas that are not related to Web 2.

The web3 space has 0 into it. .