OpenSea announces the launch of the SEA token, rewarding the historical activity of US users. Will it be enough to revive the NFT market?
OpenSea, a leading NFT marketplace, has confirmed plans to launch its own token. The announcement was made during the open beta rollout of OS2.
The new platform now supports transactions across multiple networks, including Berachain, Apechain, Flow and Sony's BSL.
The OS2 update also introduces cross-chain shopping capabilities, expanding interoperability for users.
OpenSea Enters the Token Marketplace
According to reports, the $SEA token will be distributed based on users' historical activity on the platform, rather than evaluating only current transactions. The entire process will be simple and transparent, and even US users will be able to access it.
Last December, OpenSea set up a foundation in the Cayman Islands to expand its presence. The NFT marketplace enters the token market somewhat later than its competitors.
Other players, such as Magic Eden, launched their tokens in December 2024, but this dropped by 90%. Blur has also released its token, with a similar downward trend.
Analysis suggests that marketplace tokens NFT are struggling to keep pace, leading to lower adoption and falling prices.
The launch of the $SEA therefore raises questions: will it succeed in changing market sentiment or will it suffer the same fate?"
OpenSea, a leading NFT marketplace, has confirmed plans to launch its own token. The announcement was made during the open beta rollout of OS2.
The new platform now supports transactions across multiple networks, including Berachain, Apechain, Flow and Sony's BSL.
The OS2 update also introduces cross-chain shopping capabilities, expanding interoperability for users.
OpenSea Enters the Token Marketplace
According to reports, the $SEA token will be distributed based on users' historical activity on the platform, rather than evaluating only current transactions. The entire process will be simple and transparent, and even US users will be able to access it.
Last December, OpenSea set up a foundation in the Cayman Islands to expand its presence. The NFT marketplace enters the token market somewhat later than its competitors.
Other players, such as Magic Eden, launched their tokens in December 2024, but this dropped by 90%. Blur has also released its token, with a similar downward trend.
Analysis suggests that marketplace tokens NFT are struggling to keep pace, leading to lower adoption and falling prices.
The launch of the $SEA therefore raises questions: will it succeed in changing market sentiment or will it suffer the same fate?"
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