Non-fungible token marketplace OpenSea, the largest of its kind in terms of users and transactions, introduced the OpenSea Studio earlier today. OpenSea touted the studio feature as a one stop shop for NFT creators to launch and manage their projects on the platform. The objective was to take away the burden of operations mechanics from creators.
OpenSea took to X (formerly Twitter) earlier today to announce the launch of OpenSea Studio:
Your NFTs, your way.
— OpenSea (@opensea) October 3, 2023
Introducing OpenSea Studio, a one-stop shop for creators to launch and manage their projects. All on the world’s largest NFT marketplace.
Learn more! 🧵👇
The OpenSea Studio would allow anyone on the platform to create and manage a drop end-to-end, including setting up allow lists, uploading metadata, and building their page. The new feature would also let creators mint an NFT into their wallets, build on OpenSea-compatible blockchains, allow collectors to mint using a credit or debit card, etc.
Nana Miyashita, a Product Manager at OpenSea, stated:
With the introduction of OpenSea Studio, we’re making changes to how creators mint NFTs using tools from OpenSea. As a step towards the future, we’re replacing lazy minting with OpenSea Studio. Existing items created using the lazy minting tool will still be able to be bought, sold, and transferred, but they won’t be editable going forward.
OpenSea plans to bring new functionality to the Studio over the next few months. The new features would include collection pages that would offer immersive image/video/text modules, features NFTs, and an improved roadmap. This would allow creators and brands to demonstrate their work on a better surface and keep collectors well informed.
Another functionality that OpenSea planned to add to Studios was Editions. This would allow creators to upload their digital artwork on Instagram instantly in order to speed up its sale. Furthermore, Editions would not require creators to possess coding knowledge and will be available on all OpenSea compatible blockchains.