OpenSea Co-founder: ‘Gaming to be the Next Frontier for NFTs’

OpenSea co-founder Devin Finzer predicts that despite the surging popularity in art and collectibles on the marketplace, gaming could be the “next frontier” for non-fungible tokens.


Devin Finzer, co-founder and CEO, OpenSea


key takeaways

  • Finzer cited Axie Infinity as one of the booming use cases for gaming in the industry, which has recorded over $1.6 billion in total sales as of late-August
  • “There’s so many people in my generation, and in Gen Z, where we love to play [games], but now we want to get rewarded for [it],” founder of Jenny DAO said

Mainnet 2021, New York City — When OpenSea launched in December 2017, its monthly trading volumes were less than $1 million. The marketplace has since become the largest in the world for the asset class, with volumes breaching $3.5 billion in the past 30 days. However, from the platform’s early days, co-founder Devin Finzer predicted that despite the popularity in art and collectibles on the marketplace, gaming would be the “next frontier” for non-fungible tokens (NFTs). 

“I didn’t expect art and collectibles to have such [enormous] value over time. I really thought it would be primarily from legitimate games using NFTs,” he said during a fireside chat at Messari’s Mainnet conference on Monday.

Four years later and Finzer still stands by his initial prediction.

“I actually still believe this. A lot of games have been incredibly successful. I really do think gaming is the next frontier for NFTs.”

Finzer cited Axie Infinity as one of the booming use cases for gaming in the NFT space. The platform, which has recorded over $1.6 billion in total sales, is a blockchain-based video game that gives users the ability to trade and raise creatures using NFTs. (Think of it like a Pokémon-style investment opportunity.) 

“I think [NFTs] are this really exciting cultural phenomenon where people want to hold a piece of internet history,” he said.

Other panelists at the two-day event were bullish on gaming as well, including founder of Jenny DAO, Jae Chung. 

“I think it opens up so many doors. There’s so many people in my generation, and in Gen Z, who love to play [games], but now we want to get rewarded for [it].” Chung added. “I just don’t see that going away.”

Currently the top three NFT projects by market capitalization: CryptoPunks, Bored Ape Yacht Club and Art Blocks have a total cap of $5.7 billion, according to AssetDash. 

“NFTs will become a trillion dollar asset class by the end of the year” once they are heavily “integrated into yield-carrying assets,” Chung said.

Are you a UK or EU reader that can’t get enough investor-focused content on digital assets?Join us in London on November 15th and 16th for the Digital Asset Summit (DAS) London. Use code ARTICLE for £75 off your ticket. Buy it now.


    Upcoming Events

    Hilton Metropole | 225 Edgware Rd, London

    MON - WED, MARCH 18 - 20, 2024

    Crypto’s premier institutional conference returns to London in March 2024. The DAS: London Experience:  Attend expert-led panel discussions and fireside chats  Hear the latest developments regarding the crypto and digital asset regulatory environment directly from policymakers and experts   Grow your network […]

    Salt Lake City, UT

    WED - FRI, OCTOBER 9 - 11, 2024

    Pack your bags, anon — we’re heading west! Join us in the beautiful Salt Lake City for the third installment of Permissionless. Come for the alpha, stay for the fresh air. Permissionless III promises unforgettable panels, killer networking opportunities, and mountains […]

    recent research

    Frax report cover.jpg


    Frax saw continued development in its frxETH liquid staking derivative and Fraxlend money market throughout 2023. Frax V3 introduces an RWA strategy to drive utility to the protocol's cornerstone product, the FRAX stablecoin.


    Cross-chain protocol’s product development-focused unit Wormhole Labs formally launches following $225 million raise


    Accredited and non-accredited investors worldwide will be able to purchase the Note starting Dec. 6 on US-regulated trading platform INX


    Bitcoin’s next halving is less than five months away. History says they’re bullish but will this time be different?


    Merger is set to allow the combined business to “flex between our different lines of business,” Hut 8 CEO says


    Agency’s decision to start comment window earlier than expected could be bullish for spot bitcoin ETF approval in January, industry watchers say


    Jump Crypto is the trading firm at the center of Terra-related market manipulation allegations