Crypto collectibles, NFT markeplace OpenSea launches mobile app

Peer-to-peer marketplace for crypto collectibles and non-fungible token (NFT) OpenSea on Friday launched a mobile application version of itself on Google Play and iOS App stores, in the latest series of news coming in from the New York-based startup.

The new app allows users discover and manage one’s NFTs on the platform. Apart from browsing, users can also check what is trending on the OpenSea rankings page, visit a help centre and read blogpost updates on the go.

Unlike its web counterpart, the app is however yet to let users purchase NFTs.

“We’ll be improving the app over time, based on community ideas and our feature-filled roadmap, so keep track of us on Twitter and Instagram for all the latest developments,” Growth and Community Lead Hamish Barnes, said in a blogpost.

About a week ago, the company splashed on headlines for having accepted resignation of an executive who was accused of trading NFTs on the basis of insider information.

Head of Product, Nate Chastain, as per multiple media reports, used secret ETH burner wallets to buy NFTs before they were set to display on the front page of OpenSea. He reportedly made a mistake of sending the profits to his own public address.

According to DappRadar, the number of transactions made to the decentralised application tracker’s smart contracts, the sales volume on OpenSea climbed about 37% to 535,260.

Founded in 2017 by Devin Finzer and Alex Atallah, the 48-employee led company claims a userbase of 300,000, 1 million collections, over 34 million NFTs, and a volume of over $4 billion, as per its website. It is backed by the likes of Andreessen Horowitz (a16z), Coinbase, Y Combinator and Mark Cuban.