Crypto News

OpenSea Launches SEA Token And New OS2 Platform For Enhanced NFT Trading

By Carl Vogel

OpenSea, a leading NFT Marketplace has launched a new upgrade, the OS2 Platform, enabling users to trade cryptocurrencies on new chains. The team has also announced its plan to launch the SEA token, the native crypto of OpenSea. 

OpenSea is the first and largest Web3 Marketplace where users can buy NFTs and other collectibles, the platform has launched its new upgrade, a beta version of the OS2 platform where users can trade crypto tokens on new chains. The platform has also officially announced the launch of its native token, $SEA, rewarding active, historical, and loyal users of the NFT marketplace. 

OS2 Open Beta is now live, providing users with improved user experience and streamlined transactions. Termed the ‘next iteration’ of its marketplace, the team has announced that in addition to NFTs, the OS2 open beta includes meme coins as well as other tokens. Before the open beta, OpenSea had an OS2 waitlist, where users were users were able to join the private beta waitlist by linking their wallet or using their email address. OpenSea Genesis NFT holders, who held the NFT on January 26 were also given access to the private beta. 

The SEA tokens will be distributed to users based on their historic engagement activities, and only US users will be eligible. Though no launch date has been provided officially, many anticipate a soon launch. The SEA token will be usable in the OS2, rewarding loyal and active users as well as early adopters. James Hu, the general manager of OpenSea Foundation has revealed that the SEA token will support the Seaport Protocol and is a huge step to sustain the OpenSea community. 

The token launch and OS2 platform follow the launch of PENGU, the token for the Pudgy Penguin NFT Marketplace which contributed a massive market capitalization of $3.5 billion on its launch. 

OpenSea has generated nearly $1 billion in fees since its launch in 2017, and with the launch of OS2 and SEA, the company plans to overcome the regulatory hurdles and be a prominent player in the NFT Marketplace. 

OS2 And SEA Token To Enhance OpenSea’s Community Support

OpenSea’s new trading platform, OS, will enable cross-chain token purchases and offer low fees initially. The SEA tokens that can be used in the OS2 platform will be distributed to platform users as rewards for their loyalty and engagement. However, the token launch and distribution are not yet revealed officially.

The team insists that the $SEA tokens are created for long-term sustainability and will not be affected by short-term speculations. The $SEA token will be used as an incentive for community members for their engagement and contribution to the NFT ecosystem. 

The OS2 platform offers several advantages, consumers can access NFTs and crypto tokens within the same platform and the availability of 14 new chains, is prominent among them. The platform architecture enhances speed, reliability, and utility, making it a major milestone in the OpenSea Foundation’s growth. 

The planned airdrop of the $SEA token aims to cover the active and loyal users, as well as the early adopters. 

SEA Token Airdrop

OpenSea Foundation has announced the launch of the $SEA token, serving as a utility token for OS2. The team also announced its plan to provide a token airdrop, where active and loyal users will be eligible. Though, OpenSea has not officially revealed details of the airdrop, including how to participate and allocation, many believe that higher engagement in the OS2 platform will qualify users for receiving the airdrop. Early adoption, increased participation, NFT transactions, and trade are some of the attributes through which you can become eligible for receiving free $SEA tokens. 

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