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News by FinTech Collective Archive

OpenSea unveils standards for redeemable NFTs

Parker Jay-Pachirat

September 4, 2023

https://www.passle.net/Content/Images/passle_logo-186px.png Passle https://passle.net

Parker Jay-Pachirat

OpenSea, the second-largest NFT marketplace, is taking steps to standardize redeemable NFTs across the industry. This would allow NFT owners to seamlessly redeem their NFTs for physical and in-person items and special perks.

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"Redeemable NFTs offer additional utility to their holders."

https://thedefiant.io/opensea-unveils-standards-for-redeemable-nfts

OpenSea Unveils Standards For Redeemable NFTs

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