Recent speculation about the OpenSea token airdrop comes from the recent application for the 'OpenSea Foundation' submitted in the Cayman Islands. Crypto organizations often create a foundation as an independent entity for their more mature, consumer-facing brand; historically, these foundations have subsequently become the organizations that communicate and facilitate token airdrops. While registering a foundation does not guarantee that tokens will follow, other organizations that have recently provided airdrop tokens to users have done so through their respective foundations. A spokesperson for OpenSea stated that the foundation is indeed a registered entity but did not comment further on any association with OpenSea. Previously, an X account using the name OpenSea Foundation posted about 'ocean entering chat', possibly hinting at the imminent launch of the OCEAN token, making this association clearer. The account was created in May 2024 and focuses solely on one account - OpenSea; both OpenSea and its CEO Devin Finzer interacted with the post through their respective accounts. Although details are still scarce, a spokesperson for the OpenSea Foundation responded: 'More information will be released soon.' (Decrypt)