Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesBotsEarnCopy
Is the NFT flagship platform, which saw its valuation evaporate by tens of billions of dollars, finally going to launch its token?

Is the NFT flagship platform, which saw its valuation evaporate by tens of billions of dollars, finally going to launch its token?

BlockBeatsBlockBeats2024/11/13 07:40
By:BlockBeats

OpenSea, Might Be Launching Its Own Token

Ever since the announcement of Magic Eden's token issuance, NFT players have been eagerly anticipating the airdrop of $ME. As the price of Bitcoin continues to hit new highs at the year-end, NFT players are not only increasingly looking forward to the arrival of $ME but also the former king OpenSea seems to be ready to bring long-awaited good news to NFT players—


OpenSea, may be issuing its own token.


On November 4th, OpenSea's official announcement stated that a "brand new OpenSea" will be launched in December, and they have opened a site for registering test addresses, with over 700,000 addresses currently on the waitlist.


Is the NFT flagship platform, which saw its valuation evaporate by tens of billions of dollars, finally going to launch its token? image 0


@johnweth_, as one of the first testers of the new version of OpenSea, wrote a tweet sharing his testing experience (the following screenshots of the new version of OpenSea's website are all from @johnweth_).


A brand new user interface, including the best projects with daily floor price increases, daily & weekly trading volume project rankings, and popular projects.


Is the NFT flagship platform, which saw its valuation evaporate by tens of billions of dollars, finally going to launch its token? image 1


Users' personal pages are no longer primarily focused on displaying the NFTs held by the user, but rather on showcasing the user's wallet activity.


Is the NFT flagship platform, which saw its valuation evaporate by tens of billions of dollars, finally going to launch its token? image 2


The following two points are the most important and related to a potential token issuance. Firstly, a "Leaderboard" has been introduced:


Is the NFT flagship platform, which saw its valuation evaporate by tens of billions of dollars, finally going to launch its token? image 3


From this "Leaderboard" interface, we can see that there is still a locked "Retro" page, literally interpreted as "Retrospect," and this page may later display the tokens that longtime OpenSea users will receive based on their past usage.


As for the "Season 1" interface, it will certainly not be unfamiliar to NFT players who have already experienced Blur. Loyalty is tied to whether orders are placed only on OpenSea. "Boost" is related to the user's ranking on the leaderboard, with a higher ranking resulting in a higher points multiplier. In this interface, the method of earning points is also directly outlined—placing orders on OpenSea and making offers for NFT collections.


While @johnweth_ emphasized at the end of the tweet, the above test content may change after OpenSea officially releases a new version, the idea of "OpenSea launching its own token" has sparked widespread discussion and anticipation among NFT players. Since OpenSea's acquisition of the NFT aggregator Gem and its rebranding as OpenSea Pro, OpenSea has not seen any major updates. Even after Magic Eden established itself as a leader in the Bitcoin NFT trading market, OpenSea did not add support for the Bitcoin network. From the look of this update, OpenSea seems to have finally figured out how to integrate OpenSea and OpenSea Pro and is about to start its "counterattack."


As a result of this news, the "Gemesis" NFT series that OpenSea Pro distributed to Gem's old users in April last year has risen by about 50% in the past week.


Is the NFT flagship platform, which saw its valuation evaporate by tens of billions of dollars, finally going to launch its token? image 4


NFT veteran players who have been using OpenSea since the infamous "gas war" days finally feel like they are seeing the "light at the end of the tunnel." If OpenSea's token launch is confirmed, how much impact will it have on Blur? Will such a "counterattack" reinvigorate the Ethereum NFT market? We wait with bated breath.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Tornado Cash founder bemoans DOJ’s moves to ‘crush’ him

Share link:In this post: Tornado Cash founder Roman Storm has called out the Department of Justice for blocking his expert witnesses from testifying. Storm said the agency has struck off five of the six witnesses he has called, including an “expert” in blockchain technology. The Ethereum Foundation has also announced a $500,000 donation to Storm’s legal defense.

Cryptopolitan2025/06/14 17:24

Trump’s White House now reviewing SpaceX’s contracts amid fallout with Elon Musk

Share link:In this post: The White House ordered a review of SpaceX’s $22 billion in contracts after Trump’s fallout with Elon Musk. NASA and the Defense Department are collecting details to prepare for possible retaliation. Pentagon may cut SpaceX’s role in Trump’s new missile defense system.

Cryptopolitan2025/06/14 17:24
Trump’s White House now reviewing SpaceX’s contracts amid fallout with Elon Musk

Ripple lawyer floats 70% shot at victory in XRP lawsuit

Share link:In this post: Attorney John Deaton sees a 70% chance that Judge Torres grants Ripple relief. Ripple and the SEC filed a joint motion to end their 4.5-year lawsuit. Deaton and others criticized the SEC’s aggressive stance on crypto.

Cryptopolitan2025/06/14 17:24
Ripple lawyer floats 70% shot at victory in XRP lawsuit

Wall Street’s Jason Mudrick says flying taxis have ‘sort of become real’ after Trump’s EO

Share link:In this post: Jason Mudrick took control of Vertical Aerospace after forcing out its founder and converting $130 million of debt into equity. The company plans to launch its six-seat electric aircraft, the VX4, by 2028, targeting cities with high traffic congestion. Vertical lags behind US rivals like Archer, Beta, and Joby, who have raised $1.4 billion and plan to start flights by 2026.

Cryptopolitan2025/06/14 17:24
Wall Street’s Jason Mudrick says flying taxis have ‘sort of become real’ after Trump’s EO