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- NFT marketplace OpenSea has sought a Cayman Islands registration
- The NFT community thinks the registration is segment of the trade’s preparations to open a token
- This comes a few days after Magic Eden launched its ME token
A month after OpenSea launched the open of a revamped NFT marketplace, the platform has sought registration in the Cayman Islands. The registration has brought on the NFT community to speculate that the marketplace is planning to open a native token, with some announcing that it would possibly perhaps perhaps well even be the finest technique to reward its exact customers. Even though OpenSea is yet to commentary on the registration and whether it’s planning to open a token, it comes five days after rival NFT marketplace Magic Eden launched its ME token, one thing that will have an effect on OpenSea’s resolution to additionally unveil a token.
Pleasure Constructing Over Doable Airdrop
The Cayman Islands registration used to be revealed by an NFT researcher pseudonymously diagnosed as Waleswoosh. Waleswoosh revealed a search on the nation’s general registry showing “there’s a singular OpenSea Basis registered in the Cayman Islands.”
BREAKING 🚨
There’s a singular OpenSea Basis registered in the Cayman Islands.
what this methodology… pic.twitter.com/1IV1diEE9b
— wale.moca 🐳 (@waleswoosh) December 13, 2024
Subject Labs’ community supervisor pseudonymously diagnosed as Golem on X used to be among these fueling the belief “that an OpenSea token is coming”. Per Golem, the token would possibly perhaps perhaps help the marketplace “flip every thing round” and act as a technique to “reward their OG customers.”
opensea formally registers a foundation in the cayman islands
this methodology that an opensea token is coming
I pray that they reward their OG customers, myself & many others came up on NFTs & Opensea in 2021
they actually bear the prospect to flip every thing round https://t.co/BT39ACwFVd pic.twitter.com/KPyT8H4HKK
— Golem (@BowTiedGolem) December 14, 2024
One more X user talked about they hope the NFT trade launches a token to reward them for their “loyalty.” Nevertheless, not each person thinks OpenSea is engaged on a token. Last month, as an illustration, DappRadar’s communications supervisor, Robert Hoogendoorn, eminent that it’s “not going” for the NFT platform to open a token due to its “U.S. roots.”
OpenSea launched its 2.0 version is coming in December. There’s already love 250,000 other folks on the waitlist.
That’s some severe hype! 🤩
Why? In all likelihood other folks are awaiting an airdrop? 🪂
Trading volume on OpenSea pumped 62% in the previous 24 hours. Reaching $5.15 million.… https://t.co/BnSMd2qclE pic.twitter.com/fnTV9w5IKR
— Robert Hoogendoorn 📡 nederob.eth (@Nederob) November 5, 2024
It’s Not going but “Not Unthinkable”
Hoogendoorn, then again, talked about that such a development is “not unthinkable.” he even suggested that the token will seemingly be dubbed “OPEN.” Other than OpenSea and Magic Eden, varied NFT marketplaces love Blur and LooksRare bear in the previous launched a native token.
NFT venture Tubby Penguins additionally just recently launched that it’s planning to open a native token, PENGU, sooner than the conclude of this month.
With Magic Eden just recently launching a native token, it’s seemingly that OpenSea is additionally planning to apply the same route.
