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OpenSea is in the spotlight after registering the OpenSea Foundation in the Cayman Islands on August 20, 2024. This move has fueled discussion in the NFT and crypto communities, as many think the platform may be preparing for a token launch or airdrop. This development comes as OpenSea faces stiff competition from rivals like Blur and MagicEden, which already have their own tokens.
Rumors of Token and Airdrop
The registration of the OpenSea Foundation in the Cayman Islands has some concerned. Industry figures, including Mike Dudas, founder of 6th Man Ventures, suggest this may be part of a move to issue a token.
.@Opensea Foundation https://t.co/iH6kH21WFn pic.twitter.com/LWGqF46kBC
— Mike Dudas (@mdudas) December 13, 2024
OpenSea has not confirmed any plans for a token release, but the move is fanning the flames of speculation. Adding to this, HeitorMiguel.eth, a notable figure in the community, said that whil…
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