OpenSea has launched a mobile application for iOS and Android.
The app is here to provide users with a convenient way to discover NFTs by category, track the latest drops, and follow collections.
According to OpenSea, the application is part of their mission to make NFTs accessible to everyone and in response to the multiple calls they have received to launch it.
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Here is a short video created by Opensea to illustrate the user experience:
You can use the app for the following functions:
- Connect your OpenSea profile
- Discover new works
- Save works to favorites
- Filter NFT searches based on different criteria
- Consult the statistics of the NFT collections
- Get links to exclusive releases
OpenSea is the number one NFT marketplace, with a transaction volume of $ 3.08 billion for the month of August 2021. This represents an 800% increase over the previous month as it consolidates its position as the number one market NFT.
In a record month, in the middle of the month, trading volumes on the platform had exploded by more than 12,000% compared to the start of the year.
The platform’s recent shine has, however, been marred by the departure of its product manager, Nate Chastain, following allegations of insider trading in the marketplace. Additionally, despite the huge growth in August 2021, in the first week of September 2021, sales volume on OpenSea fell almost 50% to $ 792 million on a pool of 156,811 merchants.
It is hoped that the addition of buying and selling will be part of the improvements, as the app is currently only configured for navigation. However, some of the reasons OpenSea does not allow buying and selling of NFT on the app include a 30% discount on transactions that it would be required to share with app store owners such as ‘Apple and Google.
Another reason is the use of Ethereum for payments, but this is not supported in AppStores.