OpenSea Foundation has announced the SEA token, which is available to users of NFT’s popular marketplace. U.S. traders are eligible for this new token and a platform upgrade named “SEA 2.0”. “OS2.”
OpenSea customers were informed to expect a token named SEA in return for their non-fungible trades at the NFT Multi-Channel Exchange as part an upgrade to enhance on-chain collectible digital trading. This was stated by a February 13th announcement. reveal X.
OS Foundation stated that U.S. customers were eligible. This was probably due to the changing regulatory climate under Donald Trump. The past has seen big projects generally exclude U.S. customers from receiving airdrops because of ambiguity around crypto tokens, securities laws, and other factors.
OpenSea’s Foundation did not share a specific date for the SEA Airdrop. “No details on timing yet. We’re taking the learnings from this space and getting it right,” Twitter was used by the Foundation.
The OpenSea Foundation, a nonprofit that exists to support the ecosystem of OpenSea, has also provided very little information about eligibility. The Foundation did say that they would take into account historical trading data rather than recent NFT transactions.
Airdrops tend to be highly anticipated and often cause a surge in activity on the chain before they happen. The additional patronage can temporarily boost performance metrics, but this is usually a short-lived spike. Recently, airdrops were followed by a lackluster pricing action. This raises questions regarding SEA’s potential outcome following launch.
The tokens of protocols such as Berachain dropped by over 50% in the days following an airdrop. A general market decline may also have played a role. Conversely, Hyperliquid’s (HYPEThe token’s value has increased by over 1000% since the launch of.
OpenSea launched the OS2 trading platform as a rebranding of the NFT exchange while SEA’s launch date remained elusive. Devin Finzer said that the new platform, which will be used by OpenSea to expand into cryptocurrency trading, would feature 0.5% for tokens and 0.0% for NFTs.
Finzer observed that the platform has turned “too corporate, too web2” After the NFT bull-market of 2021. Finzer says that the firm was in need of a new direction, and OS2 will be a key tool for navigating this path. OS2 had been originally scheduled to release The platform should have been ready in December but it was not.
DefiLlama statistics showed that OpenSea was the biggest NFT market, controlling over a fifth of the overall market.
We needed to do a total reset. So we went heads down and started rebuilding: tech, product, and most importantly — culture. The foundations have been repaired with a great deal of sweat, blood and tears. The team has transformed in a remarkable way.
Devin Finzer, OpenSea CEO
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Source: crypto.news
