<ul><li>OpenSea is rebuilding its platform from scratch, aiming to boost user engagement and market relevance.</li><li>The company has faced challenges with dropping trade volumes and increasing competition from other NFT marketplaces.</li><li>OpenSea has cut staff, restructured its processes, and prioritized innovation and a more user-friendly interface for the new platform.</li><li>Additionally, OpenSea is committing $5 million for legal defense as it challenges the SEC's classification of NFTs as securities.</li></ul>

Why OpenSea Is Rebuilding Its Platform from the Ground Up

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