OpenSea CEO Devin Finzer said the company isn't pivoting away from NFTs but, at the same time, it admitted it will be 'evolving' into a universal platform to trade 'everything'.

The world's most renowned NFT marketplace has evidently realised that NFTs aren't coming back.

They're still being sold and bought, and still generating a significant amount of revenue, but we're a million miles away from the craze of 2021, and in my opinion that phase is over.

Speaking to Cointelegraph, Finzer said the company is busy building an 'interface for the entire onchain economy'.

"The goal is simple: if it exists onchain, you should be able to trade it on OpenSea, seamlessly across any chain, while maintaining complete control of your assets,” he added.

OpenSEA is still the largest NFT marketplace (followed by Blur, Magic Eden and others) and trading volume is still significant, but nowhere near as high as it was.

For this reason, OpenSEA probably came to the terms with the fact it just makes sense to open the platform to other things.