The registration of the OpenSea Foundation has sparked speculation about aird
On December 15th, Mike Dudas, co-founder of TheBlock, revealed on social media that OpenSea has registered a foundation in the Cayman Islands. An anonymous researcher for the Azuki NFT series, Waleswoosh, also posted a screenshot of OpenSea's registration in the Cayman Islands. Typically, Web3 projects register foundations to prepare for token issuance. This move sparked speculation about an upcoming token launch and user airdrops. On November 4th, Devin Finzer, co-founder and CEO of OpenSea announced that the NFT market is planning to make a comeback. Although Finzer shared few details he promised that the revamped OpenSea will be launched in December. "Golem", community manager at Matter Labs expressed hope that OpenSea would reward its early users and stated that OpenSea has an opportunity to reverse its current competitive disadvantage in the NFT market. Community users generally speculate that OpenSea may follow competitors like Blur and Magic Eden by issuing tokens to incentivize users. In an attempt to win back users from competitors, OpenSea announced zero transaction fees on February 18th this year hoping to reclaim territory lost to Blur and Magic Eden.
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