On November 4 at 11:00 PM Beijing time, OpenSea released a teaser animation showing a ship setting sail, indicating that the platform will welcome the release of a new version in December. Meanwhile, OpenSea has started registration for the waitlist, which has already attracted 174,000 people as of the time of writing.
This news quickly sparked community anticipation and speculation regarding token issuance, airdrop activities, reward mechanisms, and L2. According to OpenSea founder and CEO Devin Finzer, "The new version of OpenSea is completely rebuilt, as true innovation sometimes requires us to step back and rethink and redesign the entire framework."
OpenSea Pro co-founder Vasa also revealed that the development of the new version of OpenSea began a year ago.
Regarding the specific features or characteristics of the new version, based on OpenSea's response and the author's analysis, it is speculated that it may include several major highlights.
1. According to a post by Azuki researcher and Mocaverse advisor wale.moca, the new version of OpenSea will feature a leaderboard that also provides XP points, which OpenSea officially retweeted.
It is speculated that the new version will likely introduce a points program. Considering that OpenSea is a U.S. company, the rewards may not necessarily be OpenSea tokens, but could also include platform profit sharing.
It is worth noting that in August this year, OpenSea received a Wells notice from the U.S. Securities and Exchange Commission (SEC), which threatened to sue OpenSea because they believe the NFTs on the OpenSea platform are securities.
In response, OpenSea stated, "In addition to standing firm on its position, it also promised to provide $5 million to help cover the legal fees for NFT creators and developers who received Wells notices."
It is worth mentioning that OpenSea Pro (the NFT marketplace aggregator Gem acquired by OpenSea) had previously announced on its official homepage that it would launch a rewards program, claiming, "We are currently scoring and tracking user activity; the game is about to begin." However, this content has now been removed from the official website.
Additionally, to commemorate the launch of OpenSea Pro, in April last year, OpenSea Pro released the Gemesis NFT series. As of now, the floor price of this NFT series is 0.0139 ETH, having risen by 242% in the past 24 hours, with a cumulative trading volume of 8,180 ETH displayed on OpenSea.
In this series, the rarity of NFTs is closely related to the time of their first transaction using Gem; the earlier the transaction, the higher the rarity. Therefore, if OpenSea conducts an airdrop in the future, in addition to OpenSea's trading users, Gemesis NFT holders are also very likely to be considered.
2. Release new features beneficial to artists.
3. A deeper integration with GameFi can be seen from OpenSea's recent initiatives. In late October, OpenSea integrated the Base gaming ecosystem B3 Chain, aiming to improve users' Web3 gaming experience and support faster, cheaper minting of NFT series and in-game items.
4. Achieve account abstraction, making it easier for users and developers to access Web3.
5. According to @DefiIgnas's wish list, OpenSea 2.0 is hoped to support Bitcoin ordinals, rune rewards, simplify onboarding, portfolio pages and token airdrops, as well as fragmented NFTs, NFT Launchpad, social features (Instagram for NFTs), and a native mobile app.
In response, OpenSea CTO Nadav Hollander stated that it is a nice list and asked @DefiIgnas for his top priorities.
Of course, there are speculations that OpenSea will create a pump.fun version of the NFT marketplace, but this may need to be achieved through the fragmentation of NFTs.
In the current meme-dominated landscape, the revival of the NFT craze seems to be filled with challenges, especially considering that OpenSea's competitor Blur has performed poorly since launching its token, and Magic Eden is about to launch its token. Whether OpenSea 2.0 can reignite the NFT craze remains to be seen.
It is worth mentioning that OpenSea team member @ken_cadima will hold a technical lecture during Devcon (on November 13) to reveal specific details about OpenSea 2.0. Foresight News will continue to follow up.
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