OpenSea CEO Devin Finzer Discusses the Future of NFTs


  • OpenSea CEO Devin Finzer shares insights on the evolving NFT market and future growth.
  • He highlights the rise of gaming and physically backed NFTs as areas of interest.
  • OpenSea focuses on enhancing the user experience and driving NFT adoption through innovation.

In an exclusive interview with BeInCrypto, Devin Finzer, co-founder and CEO of OpenSea, shared his insights on the current state and future of NFTs. Despite speculation about the decline of NFTs, Finzer emphasized continued growth and innovation in the digital marketplace.

Finzer highlighted the rise of gaming and physically backed NFTs as areas of significant interest. OpenSea has partnered with Courtyard on projects involving Pokémon cards and collaborated with leading game developers such as Parallel and Revolving Games. According to Finzer, “Ensuring OpenSea is a home to all types of NFTs is crucially important to onboard the next wave of collectors.”

OpenSea has revamped its collection pages to offer creators customizable options for showcasing their projects. This adaptability supports various types of NFTs, from profile pictures and games to physical items. Finzer stated that the platform is committed to evolving with new utility trends to remain a top marketplace for buying, selling, and collecting NFTs.

OpenSea’s significant focus is enhancing the user experience in gaming. The company has introduced immersive game trailer videos and a new standard for redeemables, aiming to deepen verticalization for specific NFT areas. Finzer emphasized the importance of showcasing gameplay through video to attract gamers to the NFT space. The gaming industry is expected to drive NFT adoption, making a seamless onboarding experience essential.

The recent uptick in the crypto market has sparked innovation, with infrastructure improvements making NFT transactions more engaging and cost-effective. Finzer believes these developments are crucial for onboarding the next wave of users. OpenSea’s new cold start onboarding experience simplifies wallet creation and broadens the use of fiat payments. Users only need an email to create an OpenSea account with a self-custodial wallet, allowing seamless buying, selling, sending, and receiving of digital assets and NFTs.

Finzer also expressed admiration for Parallel, a leader in the Web3 gaming sector, and their ambitious projects. He sees the expansion of utility-backed NFTs as vital for industry growth. “If our space is going to continue to grow and expand beyond the core community, we need to continue to see more collections coming to life with real-world utility,” he stated.

Despite the volatility of the NFT market, Finzer remains optimistic about its future. OpenSea aims to build new features and opportunities to ensure its place at the forefront of the NFT sector. Finzer concluded, “As new utility comes to life, we’ll evolve the marketplace to better merchandise and bring to life the utility behind an NFT.”

Finzer’s insights dispel the notion that NFTs are dead. Instead, these digital assets are evolving, driven by new use cases, improved infrastructure, and innovative features. OpenSea continues to play a pivotal role in this evolving landscape, ensuring that NFTs remain a dynamic and integral part of the digital ecosystem.