OpenSea, one of the most popular NFT marketplaces, has launched its first app for iOS and Android. The app allows OpenSea users to view the platform’s collection of digital items, but in particular does not allow any type of money to change hands, digital or otherwise (via TechCrunch).
The OpenSea app basically works like a kind of gallery. You can browse works of art, share found entries, and lovingly view and manage your own NFTs. The app shares many of the same blue and white styles of the OpenSea site, only it lacks the “Buy Now” button.
There are a couple of possible reasons why actual NFT purchases are missing. At the most obvious and highest level, OpenSea probably doesn’t want to share a 30 percent cut in NFT transactions with Apple and Google. This doesn’t help the people selling the work, nor does it help OpenSea. The other aggravating factor is that OpenSea’s payments are often made in Ethereum, which is not currently supported as an in-app payment method on any of the platforms.
On paper, the OpenSea app supports the company’s goal of “making NFTs more accessible to all,” but without the main economic element – which is sold to struggling artists and speculated by hungry investors – it becomes primarily another Be away to see beautiful JPEGs. The app also starts at an inconvenient time for the company. OpenSea product manager Nate Chastain made a high profile exit from the company last week following allegations of insider NFT trading.