OpenSea Acquires Web3 Platform Rally to Bring NFT and Token Trading to Mobile Devices
2025-07-09 11:21:14
Main Idea
OpenSea has acquired Rally to develop a mobile-native platform for NFT and token trading, aiming to create an 'onchain everything app' with cross-chain and AI features.
Key Points
1. OpenSea acquired Rally to build a mobile-native platform for NFT and token trading.
2. The company aims to create an 'onchain everything app' with cross-chain and AI features.
3. OpenSea's upgraded OS2 platform now supports 14 blockchains and enables cross-chain NFT purchases.
4. The NFT market has slumped to an 18-month low, with Q2 2025 sales volume falling to $823 million, marking a 19% drop from Q1.
5. Major NFT platforms like OpenSea, LooksRare, and Blur have seen reduced traffic and trading activity despite incentives.
Description
OpenSea has acquired Rally, a mobile-first Web3 platform, in a move aimed at expanding digital asset trading to mobile devices. Key Takeaways: OpenSea has acquired Rally to build a mobile-native platform for NFT and token trading. The company aims to create an “onchain everything app” with cross-chain and AI features. Its upgraded OS2 platform now supports 14 blockchains and enables cross-chain NFT purchases. The deal, announced Tuesday , underscores OpenSea’s intent to build a mobile-native pla...
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