OpenSea CEO Devin Finzer is open to acquisition offers.

Devin Finzer, the CEO of OpenSea, clearly stated the possibility of the company being acquired by major corporations in the future, which showed a receptive position in the NFT market place.

Finzer said recently that OpenSea would entertain the idea of ​​participating if the right deal presented itself.

OpenSea's CEO considers acquisition an option.

A recent report highlighted OpenSea's interest in buying by larger companies, aligning with expectations of a bull market this year. Finzer supports the proposal, provided the company agrees with OpenSea:

“If the right partnership comes along, we think that's definitely something we should consider…we want to keep our options open.”

As the NFT market is expected to witness significant global revenue growth in the coming years, the propensity for NFT companies to receive acquisition discounts is likely to be greater.

According to recent data from Statista, year-end NFT revenue is expected to reach around $2.38 billion, rising to around $3.37 billion by 2028.

However, Finzer also stated that OpenSea had already received interest from other companies, but did not specify which companies.

NFT prices decreased, volume traded increased.

Meanwhile, BeCrypto recently reported that NFT prices are not replicating the increases seen in 2021.

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Despite the decrease in both price and transaction volumes, there has been a significant increase in the volume of NFT traded. According to a recent report from Dapradar, the number of NFTs traded in 2023 has increased significantly.

“NFTs in 2016 They became much cheaper throughout 2023, and thus the transaction volume dropped 49% to $12.6 billion. However, the number of NFTs traded rose 445 percent to 60 million.

Additionally, Blur has taken the number one position in NFT trading. “56% annual dominance” was observed, while OpenSea holds the highest number of traders. OpenSea sees an average of 280,000 traders per month.

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Meanwhile, recent debates have focused on what steps the NFT industry needs to take to evolve to the next level. The inclusion of NFT collections by major sports teams shows a move in the right direction. This adds real value to loyal members.

Ashton Addison, founder and CEO of popular crypto media channel Crypto Coin Show, believes that NFTs should add real value to their holders. Access to their community, benefits and a good profile picture is not enough, he told BeinCrypto.

“NFT projects need to drive real value for NFT holders beyond reaching their community, benefits and good profile picture.”