Almost three months after OpenSea hinted at its SEA token and the launch of the OS2 beta, the anticipation around the airdrop mechanics has surged again.
Investors and creators are now discussing what criteria the leading NFT market should use to distribute the long-awaited SEA tokens. Many are also calling for transparency from the platform's management.
Investors are discussing the criteria for the distribution of SEA tokens from OpenSea.
On February 20, OpenSea announced the launch of the open beta version of OS2. As reported by BeInCrypto, they described it as a completely reimagined product built from scratch for collectors and professionals.
Now that OpenSea is returning to second place in the Mindshare ranking from Kaito, some believe that an official update is inevitable.
"Suddenly OpenSea is in second place in Mindshare from Kaito. Dfinzer [co-founder and CEO of OpenSea] is likely to make an announcement soon... It has been almost 3 months since the SEA announcement," wrote Brandzo, a user on X.
Brandzo also called for transparency regarding the airdrop structure, urging OpenSea to release an update.
Meanwhile, one of the central discussions is whether OpenSea should reward historical users based on past trading fees.
Some advocate for this, while others want the popular NFT marketplace to prioritize new engagement metrics, such as experience points (XP) earned on OS2.
"The only metric that OpenSea should use for the SEA airdrop criteria is historical fees paid to OS. And that's it. Completing pointless tasks on V2 for XP adds no value to their business and should earn accordingly crumbs. Dfinzer, please don't complicate this," wrote Cyphr, founder of gmDAO.
This viewpoint resonated with other long-time participants of OpenSea, who agreed in subsequent posts on X (Twitter).
"As someone who actively participated and paid fees on OpenSea in the early days, I saw true support manifest — not through pointless XP farming, but through real transactions that contributed to the platform's growth. Rewarding those who provided real value is the only fair approach. Keep it simple, OpenSea," added another user.
However, not everyone agrees. Moodz, co-founder of Mood Labs, countered, arguing that historical fees paid also add no value to their current business.
"Historical fees paid also add no value to their current business, lol. Past users will demand an airdrop, dump immediately, and never return to the platform. They want to incentivize people to use their platform now," noted Moodz.
Cyphr, however, argued against this logic, disputing the claim that people who are currently using the platform are less likely to dump than historical users.
However, amidst this discussion, the weekly trading volume of OpenSea has fallen by 90% from its peak, despite the XP rewards. A recent regulatory development adds to the narrative. As reported by BeInCrypto, the U.S. Securities and Exchange Commission (SEC) completed its investigation into OpenSea without recommendations for enforcement actions. The Commission announced that it would not take legal action, stating that NFTs are securities.
This closure could help eliminate one of the last hurdles for the launch of the SEA token.#BinanceSquare #Write2Earn #OpenSea #BeInCrypto #TradeStories $ETH
