OpenSea Is Making Web3 More Like Web2 (In a Good Way)

TL;DR

• OpenSea just launched a bunch of new features in what the platform is calling ‘OpenSea Studio.’

• Easy payment processing, basic platform compatibility, ‘no code’ design, and a user experience that’s so intuitive it doesn’t require a manual? These are all staples of the Web2 space.

• Here’s what else we would have liked to have seen: A way for creators to program their NFT art/functionality to be removed/paused if a seller lists them on a zero royalty marketplace – and switched back on the moment the NFT is de-listed.

Full Story

OpenSea just launched a bunch of new features in what the platform is calling ‘OpenSea Studio.’

The features brought by OpenSea Studio feel like a much needed sanity check on how the whole NFT creation/buying process currently functions.

Here’s what we’re getting:

• Simple minting. No more jargon, no more technical hoops to jump through. Create NFTs in a few simple clicks.

• Blockchain compatibility. If there’s a blockchain that’s already supported on plain old OpenSea, then it will also be supported on OpenSea Studio.

• Easy payments. The platform allows collectors to purchase NFTs using credit or debit cards.

• Zero coding skills needed. Not tech savvy? Not a problem.

Is this a game changer? Ehhhh, yes and no…

Easy payment processing, basic platform compatibility, ‘no code’ design, and a user experience that’s so intuitive it doesn’t require a manual?

These are all staples of the Web2 space.

BUT! These standards are yet to be universal in Web3 – so groundbreaking or not, they are very much welcomed!

Here’s what else we would have liked to have seen:

• A way for creators to program their NFT art/functionality to be removed/paused if a seller lists them on a zero royalty marketplace – and switched back on the moment the NFT is de-listed.

  This is one change that would end the viability of zero royalty marketplaces and bring balance back to the force NFT space.

OpenSea pledged to continue enforcing royalties late last year, then back pedaled once that stance started to lose the platform its marketshare.

And we get it! They’re running a business…but at the same time, the almost immediate switch in stance lost them a looot of creator trust.

Adding functionality that would get royalties back, once and for all?

That would be one helluva comeback narrative!