Practically three months after OpenSea teased its SEA token and OS2 beta launch, anticipation across the airdrop mechanics has reignited.
Traders and creators are actually debating what standards the main NFT market ought to use to distribute the long-awaited SEA tokens. Many are additionally calling for readability from the platform’s management.
Traders Debate OpenSea’s SEA Token Airdrop Standards
On February 20, OpenSea introduced the launch of OS2 open beta. As BeInCrypto reported, they described it as a totally reimagined product constructed solely from the bottom up, for collectors and execs.
Now, as OpenSea climbs again to the second place on Kaito’s Mindshare rankings, some imagine an official replace is imminent.
“Immediately, OpenSea is #2 on Kaito’s Mindshare. OpenSea’s Dfinzer [co-founder and CEO] might be going to make an announcement quickly… It’s been nearly 3 months since SEA was introduced,” wrote Brandzo, a consumer on X.
Brandzo additionally referred to as for transparency on the drop’s construction, urging OpenSea to problem an replace.
In the meantime, one of many central debates revolves round whether or not OpenSea ought to reward historic customers based mostly on previous buying and selling charges.
Whereas some advocate for this, others need the favored NFT market to prioritize newer engagement metrics like expertise factors (XP) earned on OS2.
“The one metric that OpenSea ought to use for the SEA airdrop standards is historic charges paid to OS. That’s it. Doing senseless duties on V2 to achieve XP provides zero worth to their enterprise and may get peanuts accordingly. Dfinzer, please don’t overcomplicate it,” wrote Cyphr, founding father of gmDAO.
This angle resonated with different longtime OpenSea members, who agreed in subsequent posts on X (Twitter).
“As somebody who actively participated and paid charges on OpenSea again within the early days, I’ve seen how true assist is proven—not via senseless XP farming, however via actual transactions that fueled the platform’s progress. Rewarding those that contributed actual worth is the one honest method. Hold it easy, OpenSea,” one other consumer added.
But, not everybody agrees. Moodz, co-founder of Temper Labs, countered, difficult that historic charges paid additionally add zero worth to their present enterprise.
“Historic charges paid additionally add zero worth to their present enterprise lol. Previous customers will declare to airdrop, insta dump, and by no means look again on the platform. They need to incentivize individuals to make use of their platform now,” Moodz remarked.
Cyphr challenged that logic, nonetheless, refuting the declare that individuals utilizing the platform now are much less more likely to dump than historic customers.
However, amid this debate, OpenSea’s weekly buying and selling quantity has plummeted 90% from its peak regardless of XP rewards.
“The XP crates don’t drive quantity, simply meaningless exercise,” Cyphr chimed.
OpenSea weekly quantity. Supply: Cyphr on X
A latest regulatory growth provides to the narrative. As BeInCrypto reported, the US SEC (Securities and Trade Fee) ended its investigation into OpenSea with out recommending any enforcement motion. The fee introduced that it could not take authorized motion, asserting that NFTs are securities.
This closure might assist take away one of many remaining boundaries to the SEA token launch.
