### What happened?
OpenSea has announced its acquisition of Rally, a Web3 platform focused on mobile-first solutions, signaling its commitment to enhancing digital asset trading on mobile devices. This strategic move aims to build a mobile-native platform for NFTs and tokens with advanced features, including cross-chain and AI functionalities. The acquisition is part of OpenSea’s broader vision to create an “onchain everything app,” integrating various asset classes into one seamless experience.
### Who does this affect?
The acquisition affects developers, traders, and creators in the NFT and broader crypto space by potentially offering a more robust, mobile-focused trading platform. It may also interest users who are active on multiple blockchains, as OpenSea’s strengthened platform supports transactions across 14 different blockchains. Additionally, Rally co-founders, including new CTO Chris Maddern, will be joining OpenSea’s leadership, impacting the company’s strategic direction.
### Why does this matter?
The acquisition and platform enhancements come amid a downturn in the NFT market, which has hit its lowest sales in 18 months. With major players like OpenSea seeing reduced traffic, the integration of Rally’s mobile expertise could revitalize user engagement by making trading more accessible and convenient on mobile devices. The move could also address existing challenges in multi-chain transactions, positioning OpenSea to better navigate the current market slump and attract more users.