Nearly three months after OpenSea teased the upcoming SEA token and OS2 beta launch, there is a new buzz surrounding how the platform will carry out the airdrop process.
Investors and creators are actively discussing the criteria OpenSea should utilize to distribute the highly anticipated SEA tokens. Many are requesting more transparency and clarity from the platform's leadership.
The announcement of the OS2 open beta on February 20 marked a significant milestone for OpenSea. With the NFT marketplace climbing back to the second spot on Kaito’s Mindshare rankings, there are expectations for an official update soon.
Opinions are divided on whether OpenSea should prioritize rewarding historical users based on past trading fees or focus on newer engagement metrics like XP earned on OS2. Some argue for recognizing the contributions of long-time users, while others believe that incentivizing current platform usage is crucial.
Despite differing viewpoints, OpenSea's weekly trading volume has significantly decreased by 90% from its peak, despite the inclusion of XP rewards.
A recent regulatory development saw the US SEC closing its investigation into OpenSea without any enforcement action, affirming that NFTs are not securities. This development could pave the way for the long-awaited SEA token launch.