Odaily Planet Daily reported that yesterday, TheBlock co-founder Mike Dudas revealed on social media that OpenSea has registered a foundation in the Cayman Islands. An anonymous researcher from the Azuki NFT series, Waleswoosh, also released a screenshot of OpenSea's registration in the Cayman Islands. Typically, Web3 projects register foundations in preparation for issuing tokens, leading to speculation about an upcoming token launch and user airdrops. On November 4, OpenSea co-founder and CEO Devin Finzer announced that the NFT marketplace is planning a comeback. Although Finzer provided few details, he promised that the revamped OpenSea will launch in December. Matter Labs' community manager 'Golem' expressed hope that OpenSea would reward its early users and stated that OpenSea has the opportunity to reverse its current competitive disadvantage in the NFT market. Community users generally speculate that OpenSea may follow the practices of competitors like Blur and Magic Eden by issuing tokens to incentivize users. (Cointelegraph)

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