On July 15, according to Cointelegraph, due to the continuous decline in digital collectible trading volume and intensifying competition, the crypto trading platform OpenSea is expanding its business into non-Non-Fungible Token fields.
OpenSea previously announced the acquisition of Rally, a mobile-focused token trading platform, aimed at promoting its mobile device layout and strengthening token trading functions. OpenSea stated that in the future, it will create an "all-chain integrated application" to provide users with a brand new experience.
Chris Maddern, co-founder of Rally and current CTO of OpenSea, said that this move will integrate "the best resources in the crypto field" and bring everything together on one platform. The vision of this new Non-Fungible Token platform for mobile devices is to create a "one-stop" application for crypto community members, where users can find everything they need. The application will integrate Non-Fungible Tokens, tokens, and decentralized finance (DeFi) functions.
