OpenSea, one of the largest NFT marketplaces, has launched a beta version of its anticipated V2 platform, introducing a host of new features and improvements.
The update aims to streamline the user experience by providing enhanced trading insights, competitive rankings and loyalty rewards for active users.
Feedback from early testers highlighted several key changes, including an improved home page layout and an upgraded profile section for easier transaction management.
Source: John on XRedesigned homepage and profile pages
The new home page layout in OpenSea V2 emphasizes series based on recent trading activity, showing the series with the highest volume over the past 24 hours, the series with the most weekly changes, and the series with the most recent sales. The display is designed to provide users with a clear snapshot of trending assets and recent market changes, allowing them to quickly identify active collections.
The profile section has also been upgraded, providing a comprehensive view of a user’s current wallet transactions and activity on a single page.
This enhancement is designed to simplify transaction management by displaying sales, bids and transfers in one place, making it easier for traders to track and organize their activities.
Source: John on XLeaderboards and XP-based rankings
The new leaderboard feature ranks users based on their contribution to the liquidity of high-demand collectibles. Users earn experience points (XP) by listing on OpenSea.
Rankings on the leaderboards come with XP multipliers: those ranked 100 to 51 receive a 1.2x multiplier, those ranked 50 to 26 receive a 1.5x boost, and the top 25 enjoy up to a 2.5x boost.
OpenSea V2 also includes a loyalty program that rewards users with additional XP for exclusive listings on the platform, thereby increasing their leaderboard position.
Source: John on XWhat else can we expect from OpenSea V2?
The beta also includes a retroactive rewards feature designed to recognize users who have previously used the platform. While specific details of these rewards have not yet been disclosed, the program is expected to recognize users’ past activity on OpenSea.
OpenSea stated that community feedback during the testing phase will provide information for final adjustments to V2.
An official launch is expected in December, with more details expected as the platform gathers input and refines its new features.
