6 months ago
Non-fungible token (NFT) speech OpenSea sparked speculation it is preparing a imaginable token airdrop aft the OpenSea Foundation registered an entity successful the Cayman Islands.
X idiosyncratic Waleswoosh, a pseudonymous researcher astatine Azuki, posted a screenshot of the OpenSea registration. The registration was contiguous connected the Cayman Island's general registry and was besides confirmed to CoinDesk by OpenSea.
The station led to speculation implicit whether the determination was a measurement toward releasing a token successful a much crypto-friendly jurisdiction than the U.S. A dashboard created connected Dune lets OpenSea users cheque their humanities enactment to estimation however overmuch a imaginable airdrop mightiness beryllium worth.
OpenSea declined to remark connected whether it would beryllium introducing an autochthonal token.
The institution is headquartered successful New York and was the superior venue for the NFT bull rhythm successful 2022, racking up a grounds $2.7 cardinal of trading measurement connected a azygous time successful May that year. The emergence of rival level Blur coupled with a wider marketplace diminution resulted successful a nonaccomplishment of marketplace share. Trading measurement implicit the past 24 hours deed $21 million, little than 1% of the record.
The institution was valued astatine $13 cardinal aft it raised $300 million during the tallness of the 2022 cycle. The marketplace has present shifted, with absorption connected memecoins similar dogwifhat (WIF) and bonk (BONK) alternatively than non-fungible token projects similar Bored Ape Yacht Club and CryptoPunks.
OpenSea plans to crook the tide backmost successful its favour this period arsenic it rolls retired OpenSea 2.0. More than 1 cardinal unsocial wallets person registered for the waitlist.
The caller level features a "retro" section, which rewards users for humanities enactment successful the signifier of "points." Points leaderboards person been a communal mode of airdropping tokens to users this twelvemonth by incentivizing ongoing enactment and loyalty. There's nary denotation that OpenSea plans to travel that path, however.
UPDATE: Dec. 17, 15:29 UTC. Adds "foundation" to the header and opening paragraph.
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