OpenSea now has a mobile application available for Android and iOS operating systems. The app was launched on September 17th.
Last week, Amazon of the decentralized internet, bought a shiny new app to life. The app hit Google Play Store and Apple Store after the company achieved $3.4 billion in trading volume during August.
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The application allows users to browse the NFT marketplace on their mobile devices. They can check out the latest work of their favorite artists, browse the hot items on the ranking page, visit the help center, and read blogs.
🤲 NFTs in the palm of your hand
The new OpenSea mobile app makes discovering and managing your NFTs easier than ever. You can now browse new work from your favorite artists, check what’s hot on the rankings page, visit our help center, and read the OpenSea blog on the go. pic.twitter.com/8DMkLE6P7I
— OpenSea (@opensea) September 17, 2021
OpenSea team considered the launching of the app a big step towards making NFTs available for all.
Making NFTs more available to all is one of our core missions here at OpenSea, and we believe this is a big step in an exciting direction.
Why not buy/sell?
It is interesting to note that the OpenSea app doesn’t allow buying or selling of NFTs. This is because of two reasons.
Firstly, Google and Apple can take 30% of in-app transactions. 30% of $3.4 billion worth of trading will cause a huge price cut.
The second and most important hurdle in facilitating app purchases is the nature of cryptocurrency. To create payment options, OpenSea would have to introduce a USD-based infrastructure. But, the platform is based on the Ethereum blockchain. Making it dollar-friendly will upset the crypto ecosystem trusted by so many.