OpenSea Considers Launching $OCEAN Token in 2025 Amid NFT Market Resurgence and OpenSea 2.0 Tease

Dec 20, 2024, 03:13 PM

OpenSea, a leading NFT marketplace, is reportedly considering the launch of its own token, tentatively named $OCEAN, in 2025. This speculation has been fueled by the recent creation of the OpenSea Foundation and increased chatter within the crypto community. The potential token launch comes at a time when NFT trading volumes are experiencing a resurgence, and competitors like Magic Eden and Blur have already conducted their own token airdrops. The formation of the OpenSea Foundation, registered in the Cayman Islands, has led to speculation about an upcoming token airdrop, a common practice among crypto platforms. Additionally, OpenSea's tease of a reimagined marketplace, OpenSea 2.0, with features hinting at retroactive rewards, has further stoked the speculation. The crypto community is actively betting on the likelihood of an OpenSea token announcement, with prediction markets showing increased odds of such an event occurring before April 2025.