Watch, but not touch: NFT-marketplace OpenSea has released its own application

OpenSea, the largest NFT marketplace in the network, has released its own application for viewing the works of art it offers. In the application, you can only look at them – you will not be able to trade or exchange tokens.

The OpenSea NFT Marketplace app is now available on Google Play and the App Store. The company released it after it hit $ 1.5 billion.

There is no information why in the application you can only look at works of art, but not buy or exchange them.

According to the TechCrunch publication, this may be due to the huge (30%) Google Play and App Store commissions for transactions within applications placed on platforms.

But in August, the total amount of trading on OpenSea amounted to $ 3.4 billion, 30% of this amount – about $ 1 billion.

In the application, you can find out all the details about the products on display in the marketplace. OpenSea co-founder and CEO Devin Fitzer says his company is helping “open up new technology to a mass audience.”

Benefits for NFT holders

Blockchain platforms provide the NFT owner with the ability to track the history of the purchased asset and / or confirm ownership of it (this can be, for example, digital or classic art objects).

Each NFT has a specific set of meta tags, including information about who the token is assigned to.

We talked in more detail about the NFT technology and its conquest of the world of contemporary art in May, and recently we took a detailed look at five decentralized platforms where you can play and earn money using NFT.

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