NFT trading platform OpenSea announced at the beginning of November that it will launch a major update this month, sparking widespread speculation in the community that the update may include an airdrop. Recently, users discovered that OpenSea has registered a foundation in the Cayman Islands, leading community members to speculate that this may be preparation for launching its own token. (Background: Is NFT dead? OpenSea CEO predicts the key to the next wave of million users) In 2022, the NFT trading platform OpenSea, valued at $13.3 billion, completed a $300 million Series C funding round and announced on November 4 that it would launch a major update this month. At that time, some users speculated that it might include an airdrop, but others remained cautious. For example, DappRadar's communications manager nederob pointed out that considering OpenSea's headquarters is located in the United States, the likelihood of an airdrop is low. Recently, X user @waleswoosh discovered signs that OpenSea might be preparing to launch a token! He shared a screenshot showing that OpenSea has established a foundation registered in the Cayman Islands. We know that the tokens of project parties are usually managed by their foundations, and the Cayman Islands registration helps to avoid regulatory issues in the United States. This has increased the confidence of community members that OpenSea plans to launch a cryptocurrency and conduct a token airdrop. BREAKING There's a new OpenSea Foundation registered in the Cayman Islands. You know what this means… pic.twitter.com/1IV1diEE9b — wale.moca (@waleswoosh) December 13, 2024 OpenSea beta test discovers a 'rewards' section @waleswoosh also found that a Leaderboard and rewards section have appeared in the OpenSea beta version, and that user's tweet has been retweeted by OpenSea, indicating that these new features seem to have been implicitly accepted by OpenSea. This discovery has also garnered significant attention from the community, with many members speculating that OpenSea may follow its competitor Blur by launching a rewards points program through rewards, highly likely issuing its own cryptocurrency and distributing airdrop rewards to the community in the future. Image source: @waleswoosh Although OpenSea has not yet officially stated whether it will launch a token and an airdrop plan, users can currently fill out relevant information on the OpenSea official website to join the waiting list. The specific steps are: Visit the OpenSea official website. Link wallet. Fill in email address. Gemesis NFT floor price skyrockets 10 times Meanwhile, the community suggests that holding a Gemesis NFT may become one of the criteria for airdrop eligibility, which has led to a more than 1500% surge in trading volume for that NFT in the past seven days, and the floor price has also doubled, skyrocketing over 10 times since November 4. The originally free-minted Gemesis NFT is now valued at 0.0439 ETH (approximately $175.6). Community: OpenSea's token launch could turn things around Although OpenSea has not confirmed the token news, community members are optimistic that OpenSea's token launch will aid its future development. Golem, the BD manager at Matter Labs, stated: OpenSea has officially registered a foundation in the Cayman Islands. This means that an OpenSea token is about to launch. I pray that they can reward their OG users, myself, and many others who rose with NFTs and OpenSea in 2021. They really have a chance to turn everything around. opensea officially registers a foundation in the cayman islands this means that an opensea token is coming I pray that they reward their OG users, myself & many others came up on NFTs & Opensea in 2021 they literally have the chance to turn everything around https://t.co/BT39ACwFVd pic.twitter.com/KPyT8H4HKK — Golem (@BowTiedGolem) December 14, 2024 Related reports SEC targets NFTs as securities! OpenSea receives a warning from Wales, causing a market storm, BLUR and TNSR plunge together, with a market value shrinkage of 90%, will the former NFT market leader OpenSea be acquired? Is OpenSea seeking to be acquired? CEO: Keeping an open mind, will consider if there is a suitable deal "OpenSea airdrop is coming? Found to register a foundation in the Cayman Islands, the community guesses it is preparation for token launch." This article was first published on BlockTempo, the most influential blockchain news media.

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