OpenSea Opens Mobile App to All Users, Pays Referrers 25% of Fees

OpenSea is repositioning from a listing venue into a distribution channel, and the referral split plus a cross-app social feed both point the same way: capturing attention before the trade happens, wherever it happens. The 76% activity rate among beta signups is the detail that gives this weight — signups alone are cheap, retained usage is not. The open question is whether a feed aggregating trades from rival apps makes OpenSea a destination in its own right or simply a viewer layer that routes liquidity elsewhere.