• About
  • Contact
Search
Close
Facebook Twitter Instagram
  • Marketplaces
    • OpenSea
    • Rarible
    • Nifty Gateway
    • Axie Marketplace
    • SuperRare
    • Bakery Swap
    • Foundation
    • Know Origin
    • Larva Labs/CryptoPunks
    • Makers Place
    • Mintable
    • NBA Top Shot Marketplace
    • Theta Drop
  • Crypto Wallets Reviews
    • Alpha Wallet
    • Binance
    • Coinbase
    • Enjin Wallet
    • Math Wallet
    • MetaMask
    • Trust Wallet
  • Guides
    • Buying
    • Minting
    • Promoting
    • Selling
    • Trading
  • Metaverse Projects
    • Chilliz
    • Decentraland
    • Enjin
    • Sorare
    • Sandbox
    • Ultra
  • News
  • Rankings
Menu
  • Marketplaces
    • OpenSea
    • Rarible
    • Nifty Gateway
    • Axie Marketplace
    • SuperRare
    • Bakery Swap
    • Foundation
    • Know Origin
    • Larva Labs/CryptoPunks
    • Makers Place
    • Mintable
    • NBA Top Shot Marketplace
    • Theta Drop
  • Crypto Wallets Reviews
    • Alpha Wallet
    • Binance
    • Coinbase
    • Enjin Wallet
    • Math Wallet
    • MetaMask
    • Trust Wallet
  • Guides
    • Buying
    • Minting
    • Promoting
    • Selling
    • Trading
  • Metaverse Projects
    • Chilliz
    • Decentraland
    • Enjin
    • Sorare
    • Sandbox
    • Ultra
  • News
  • Rankings
  • Register
  • Login
  • Marketplaces
    • OpenSea
    • Rarible
    • Nifty Gateway
    • Axie Marketplace
    • SuperRare
    • Bakery Swap
    • Foundation
    • Know Origin
    • Larva Labs/CryptoPunks
    • Makers Place
    • Mintable
    • NBA Top Shot Marketplace
    • Theta Drop
  • Crypto Wallets Reviews
    • Alpha Wallet
    • Binance
    • Coinbase
    • Enjin Wallet
    • Math Wallet
    • MetaMask
    • Trust Wallet
  • Guides
    • Buying
    • Minting
    • Promoting
    • Selling
    • Trading
  • Metaverse Projects
    • Chilliz
    • Decentraland
    • Enjin
    • Sorare
    • Sandbox
    • Ultra
  • News
  • Rankings
Menu
  • Marketplaces
    • OpenSea
    • Rarible
    • Nifty Gateway
    • Axie Marketplace
    • SuperRare
    • Bakery Swap
    • Foundation
    • Know Origin
    • Larva Labs/CryptoPunks
    • Makers Place
    • Mintable
    • NBA Top Shot Marketplace
    • Theta Drop
  • Crypto Wallets Reviews
    • Alpha Wallet
    • Binance
    • Coinbase
    • Enjin Wallet
    • Math Wallet
    • MetaMask
    • Trust Wallet
  • Guides
    • Buying
    • Minting
    • Promoting
    • Selling
    • Trading
  • Metaverse Projects
    • Chilliz
    • Decentraland
    • Enjin
    • Sorare
    • Sandbox
    • Ultra
  • News
  • Rankings
  • Register
  • Login
  • Hello,
    • Login
    • Register
    • Edit Profile
Menu
  • Hello,
    • Login
    • Register
    • Edit Profile
Search
Close
Search
Close
  • Home Page
  • Crypto Wallets Reviews
    • Alpha Wallet
    • Binance
    • Coinbase
    • Enjin Wallet
    • Math Wallet
    • MetaMask
    • Trust Wallet
  • Guides
    • Buying
    • Minting
    • Promoting
    • Selling
    • Trading
  • Marketplaces
    • Axie Marketplace
    • Bakery Swap
    • Foundation
    • Know Origin
    • Larva Labs/CryptoPunks
    • Makers Place
    • Mintable
    • NBA Top Shot Marketplace
    • Nifty Gateway
    • OpenSea
    • Rarible
    • SuperRare
    • Theta Drop
  • Metaverse Projects
    • Chilliz
    • Decentraland
    • Enjin
    • Sandbox
    • Sorare
    • Ultra
  • News
  • Rankings
    • Artists
    • By date released
    • By sales volume
    • By trading volume
    • Collections
  • Contact Us
  • About Us
  • Login
  • Register
Menu
  • Home Page
  • Crypto Wallets Reviews
    • Alpha Wallet
    • Binance
    • Coinbase
    • Enjin Wallet
    • Math Wallet
    • MetaMask
    • Trust Wallet
  • Guides
    • Buying
    • Minting
    • Promoting
    • Selling
    • Trading
  • Marketplaces
    • Axie Marketplace
    • Bakery Swap
    • Foundation
    • Know Origin
    • Larva Labs/CryptoPunks
    • Makers Place
    • Mintable
    • NBA Top Shot Marketplace
    • Nifty Gateway
    • OpenSea
    • Rarible
    • SuperRare
    • Theta Drop
  • Metaverse Projects
    • Chilliz
    • Decentraland
    • Enjin
    • Sandbox
    • Sorare
    • Ultra
  • News
  • Rankings
    • Artists
    • By date released
    • By sales volume
    • By trading volume
    • Collections
  • Contact Us
  • About Us
  • Login
  • Register

OpenSea redesigns parts of its NFT store as sales continue to slump

  • admin
  • May 26, 2022
  • 8:12 pm
Home » OpenSea redesigns parts of its NFT store as sales continue to slump

OpenSea redesigns parts of its NFT store as sales continue to slump

Updated: May 26, 2022

Share on facebook
Share on twitter
Share on telegram

OpenSea, one of the largest NFT marketplaces, has redesigned its profile and collections pages with the goal of making the site easier to navigate and making the actual NFTs themselves the center of attention. In an announcement post on Thursday, the company says these redesigns are “just the start” of the company’s work to refine how its site works.

In my opinion, OpenSea’s refreshed profile pages look a bit like Twitter and Etsy’s. That’s not necessarily a bad thing, though. The old version could be a bit tricky to navigate at times, and it seems like the marketplace has smoothed out some of the edges.

The newly-designed Profile and Collection pages make it easier than ever to navigate OpenSea.

Our goal is to make it easier to highlight your favorite content, find new stuff from creators you love and discover more NFTs.

— OpenSea (@opensea) May 26, 2022

The collection page, which shows off groups of NFTs, has also gotten a touch-up. It looks a bit more modern and puts less emphasis on metrics, like how many people own those NFTs and what the cheapest NFT in the collection is.

While the redesigns might be nice, they come at a bit of an awkward time. Over the past year, NFT sales have been declining, sometimes at a pretty fast clip. (To be fair, at least OpenSea didn’t choose this time to launch an entirely new NFT marketplace like Coinbase did, with painful results so far.) According to DappRadar, OpenSea’s average selling price, number of traders, and sales volume are all down since last month — though it still comfortably retains its spot as the most active marketplace in terms of dollars spent.

The NFT market as a whole has also continued its decline, according to data from NonFungible, though the picture looks different depending on how you slice it. If you’re looking at daily averages, both the number and dollar amount of sales have been declining throughout the year (despite a massive spike on May 1st when the company behind the Bored Ape Yacht Club launched a project called Otherside). Looking at monthly averages, sales volume is still down, but the dollar amount of sales has picked back up.

It seems unlikely that a redesign will revive the NFT market, but for those still sticking around (close to 124,000 people have used OpenSea in the past week, according to DappRadar), the experience should be a bit nicer.

Featured Guides

Your guide to crypto in Toronto: Crypto City – Cointelegraph Magazine

Your guide to crypto in Toronto: Crypto City – Cointelegraph Magazine

The Verge’s 2022 New Year’s resolution gift guide

Tech self-care for the new year: a guide

The Verge’s 2022 holiday gift guide for travelers

The Verge’s 2022 holiday gift guide for kids

Popular Posts

Medium welcomes posts written with AI as long they’re ‘clearly labeled’

Friday’s top tech news: a remake and a remaster

Amsterdam’s underwater parking garage fits 7,000 bicycles and zero cars

YouTube says it’s fixing the bug that let someone fake a new oldest video

Google’s expanding Chrome’s Incognito lockdown on mobile and Safety Check

Ford focuses on mobile services to help more customers escape dealership trips

Popular Tweets

Newsletter

Add your email to receive some updates

Facebook Twitter Instagram Telegram

Website Map

  • Crypto Wallets Reviews
  • Guides
  • Marketplaces
  • Metaverse Projects
  • News
  • Rankings
Menu
  • Crypto Wallets Reviews
  • Guides
  • Marketplaces
  • Metaverse Projects
  • News
  • Rankings

About Us

  • Home Page
  • About Us
  • Careers
  • Contact Us
  • Legal Disclaimer
Menu
  • Home Page
  • About Us
  • Careers
  • Contact Us
  • Legal Disclaimer

© 2022 Topnftguide. All Rights Reserved.