OpenSea sunsets ‘Deals,’ other features in OS2 shakeup

OS1 is set to disappear next week, and some traders aren’t happy

article-image

Opensea and zb.alexey/Shutterstock and Adobe modified by Blockworks

share

This is a segment from The Drop newsletter. To read full editions, subscribe.


Not all OpenSea users are happy about its plans to kill some features, as the company sets a date for its newly-launched OS2 to fully replace its predecessor.

OS2, which primarily splits users into “Collectors” and “Pros,” was first teased back in November but saw its full public launch late last month. 

In a post, OpenSea revealed yesterday that it won’t rollover all OS1 features to the latest marketplace version and will sunset OS1 come June 16, giving traders no choice but to use OS2. 

Deals, English auctions, testnet support, and the Shopping Cart feature are all going away in less than a week from now. OpenSea said in its post that Deals and English auctions simply weren’t being used by enough traders to justify making those features part of OS2.

“While there are no immediate plans to bring this functionality into the new OpenSea, we plan to listen to feedback and could decide to include it in a future product roadmap,” the crypto firm said of Deals.

On Crypto Twitter, I tracked over a dozen users specifically taking issue with OpenSea ditching the Deals feature. Deals was first launched back in July 2023 and was advertised as a way to do custom, make-your-own deals like three NFTs for one NFT plus some ETH, for example, without having to risk it in the DMs.

“Without a ‘Deals’ feature (which isn’t available in V2) it poses major scam risks for collectors,” wrote one trader.

“I loved using the ‘Deals’ feature—it was fun, engaging, and led to plenty of interesting trades,” explained another.

Image: Deals on OpenSea.

“We need [the] deals feature to keep us safe please,” added NFT artist Justin Aversano.

A response from OpenSea CMO Adam Hollander added another layer to the reasons behind the feature’s shutdown.

“The functionality simply doesn’t work with ERC 721-C contracts where royalties are enforced,” he said of Deals. “As more and more of these contracts have been deployed, the product felt increasingly broken and inconsistently useful.”

Hollander emphasized, however, that OpenSea will continue to encourage — and listen to — user feedback as they update the marketplace.

OpenSea’s Deals feature is still unique among NFT marketplaces and caters to traders looking to swap more than just one NFT for some crypto. 

Deals has also been home to some strange blockchain incidents, like when one collector apparently lost his Bored Ape in an $80,000 whoopsie.

But not everyone’s against OpenSea killing Deals. Yuga Labs Director of Art Eli Scheinman argued that the decision actually “makes a lot of sense.”

“It is a relatively niche product feature used mostly for high-end art. This will be a continued trend — marketplaces will have to get more verticalized and focus on specific user audiences,” Scheinman said.

Originally launched on Ethereum, OpenSea has been expanding its scope in other areas lately, with an increased focus on adding support for more and more blockchains, plus Solana memecoins and crypto gaming assets. 

Ethereum NFT trading volumes have largely stagnated so far this year following a short-lived surge in February. This month so far, OpenSea has seen anywhere from roughly $1.4 million to $2.4 million in daily ETH NFT volume traded.

The NFT industry more broadly is facing pressure to shake up strategies as total annual sales last year were down 62% from 2022 all-time highs.


Get the news in your inbox. Explore Blockworks newsletters:

Tags

Decoding crypto and the markets. Daily, with Byron Gilliam.

Upcoming Events

Old Billingsgate

Mon - Wed, October 13 - 15, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

recent research

Unlocked by Template (10).png

Research

Innovations on Aptos’ technical design through Raptr, Shardines, and Zaptos approach near-optimal latency and throughput by unlocking 100% utilization of network resources, with the capacity to settle 260k transactions per second with latencies less than 800ms. The original Move language was revamped with the launch of Move 2, supporting more expressivity in smart contract logic and a scalable ability to interact with high volume datasets. The ecosystem has benefitted from strong asset inflows, now hosting over $1.3B in stablecoins, $450M in bridged BTC, and $530M in RWAs. Activity in the Aptos ecosystem has grown notably over the past year, with monthly application revenue reaching ~$835k and monthly DEX volumes growing to over $5B, both at new all time highs.

article-image

Interchain Labs will focus on sovereign L1s and institutional demand, abandoning plans for smart contracts on the Cosmos Hub

article-image

Also, only three tokens have outperformed bitcoin so far this year: XMR, HYPE and SKY

article-image

The fund group has submitted proposals in recent months for other funds that would hold litecoin, solana, XRP, HBAR, Sui and others

article-image

Momentum’s back — BTC leads, risk assets follow

article-image

Ondo Finance’s acquisition of blockchain development company Strangelove follows its buy of Oasis Pro

article-image

Cryptocurrency and stock traders alike had a lot to unpack Wednesday