The popularity of NFTs and NFT marketplace OpenSea is on the rise again after a period of decline. NFT trading volume has recently reached a three-month high, and there is speculation about the possibility of an OpenSea token. The marketplace has been teasing users with questions about their loyalty, which is often considered when determining token airdrop allocations. OpenSea's competitors, Blur and Magic Eden, have already completed token airdrops, raising anticipation for an OpenSea token. The speculation is fueled by the registration of the "OpenSea Foundation" in the Cayman Islands, which has traditionally been associated with token airdrops. OpenSea itself has confirmed the registration but has not provided further details. Speculation about the potential token has been growing since OpenSea opened a waitlist for OpenSea 2.0, a revamped marketplace with new features. Prediction markets on Polymarket suggest increasing chances of an OpenSea token, with odds for an announcement before 2024 at 27%. Traders are also betting on the success of the token, with over $2 million wagered on whether it will trade at a valuation of over $1 billion one week after launch.



Other News from Today