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OpenSea Updates Design, Users Stay Critical

NFT marketplace OpenSea implemented a major upgrade on its design this week to simplify the user experience and put more focus on user content. The world’s biggest NFT store says the current updates are just the first steps, but the crypto community seems critical of the newly suggested user experience.

As stated in the official announcement, OpenSea redesigned the look and feel of its Profile and My Collections pages to make them easier to navigate. The platform expects the new design will put more focus on the community’s content. OpenSea added that technical stack upgrades will come as a part of the changes and make the user interface quicker and more responsive.

The newly designed profile page will allow OpenSea’s users to highlight their favorite content and simplify the navigation between its subpages.

opensea design updates

In the meantime, the updates on the Collection page include easier browsing and display of favorite creators’ content. Users may access any other NFTs a creator has made directly from their collection, OpenSea said.

The NFT marketplace noted that it will release more design and user interface changes in the upcoming weeks.

Crypto Space Critical

OpenSea’s latest updates were met with mixed feelings across the crypto community. While some were mostly complaining about the more difficult navigation, others criticized OpenSea for making changes for the sake of change, but not actually improving something that really matters, like stability and platform speed.

OpenSea has been suffering stability issues and transaction delays for months after its lightning speed growth inspired by the global NFT frenzy. The popular NFT marketplace reported a 600-fold increase in transaction volume last year, however, simultaneously received numerous user complaints about lagging transactions and missing NFTs.

Despite investments and partnerships with tech giants, the marketplace has been continuously blamed for paying too little attention to security incidents and endless scam projects available on its platform.

Trading Volumes Decline

The past month has been productive for OpenSea. Prior to its design and user interface update, the platform launched its “Seaport” NFT marketplace protocol, which will allow NFT buying by using alternative payment methods, like barter.

Nevertheless, the platform’s NFT trading volumes are shrinking. According to DappRadar, the sales volume on the biggest NFT marketplace dropped by 44% during the past 30 days.

In the meantime, the competing NFT marketplaces like NFTrade, Magic Eden, or MoonBeans show volume numbers moving in a different direction and three-digit numbers.

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed to be financial legal or tax advice. Trading Forex, cryptocurrencies, and CFDs poses a considerable risk of loss

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Author

Simona is a fintech journalist and content editor at DailyCoin Academy, which focuses on educating new crypto investors. She entered the crypto space in early 2018, got burned, but discovered a passion for trading, and now it’s her hobby. Simona covers crypto and blockchain-related topics and takes a deeper look at what lies behind the latest industry trends.