OpenSea launches SEA token, new version of exchange

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OpenSea, through the OpenSea Foundation, has confirmed that a new token, dubbed SEA will be launched. 

OpenSea also released its OS2 Open Beta, its next version of token market, that will feature memecoins and other tokens along with NFTs. The company announced this Thursday.

This token is designed to be used on OS2 only. “recognize active and loyal users” Early adopters are also welcome. OpenSea Foundation’s General Manager James Hu stated that the SEA token would support the Seaport Protocol. “major step” OpenSea Community Support

The release date of SEA has yet to be announced.

OS2 was designed to replace OS1. “an expansion toward fun-filled trading,” OpenSea’s spokesperson said to me. OpenSea created an OS2 Waitlist before the Open Beta. The users were able to join by connecting their wallet, or entering their email. OpenSea NFT Holders also received access to private beta, if their NFT was still valid on Jan. 26, 

OS2 Private Beta offered two major visual modes, Collector Mode and Pro mode. 

Stephanie Rheingold (Director of Marketing and Communications at OpenSea) confirmed that the open beta is also for advanced and casual users. 

OS2 is distinguished by its features such as cross-chain purchasing, aggregated listings on the marketplace, liquidity aggregators and live analytics.

OS2 also has XP — gamerspeak for experience points — which can be earned by listing NFTs for sale and making collection-wide offers. XP, or experience points, is neither a crypto-currency nor a financial asset. Rheingold explained that it’s not a transferable reward feature.

OpenSea announced the SEA token just days before a few Crypto Twitterers shared links. “OpenSea Foundation” website. This site is no longer available at this time. It had a page that connected a cryptocurrency wallet to an image of shipping containers and words like: “Get ready to set sail,” According to screenshots that have been shared across social media. 

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Some posts claimed that the Terms of Service on that website were summarized, and that VPNs will be blocked in order to geofence the Airdrop. Rheingold said that these restrictions are the same as those seen with other recent tokens (such as Berachain). However, the OpenSea Foundation will only allow US-based users to access SEA. 

The OpenSea Foundation X Account responded earlier in the week to posts of this nature with a message. “None of the rumors on X today are true. Only trust links that we post from this account.”

OpenSea’s CEO Devin Finzer has also indirectly responded to screenshots: “Disappointed to see false rumors spreading,” In a blog post published on Monday, he stated that.

Finzer has clarified in another post. “There was some boilerplate language — not actual terms and conditions — on a test website for a short period of time. If it was official, the foundation would have linked to it.”

In 2023, OpenSea launched “OpenSea Pro,” The NFT market has a new version that is geared towards “power traders” Users of Blur can also benefit from this feature.  

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leadzevs/ author of the article

LeadZevs (John Lesley) is an experienced trader specializing in technical analysis and forecasting of the cryptocurrency market. He has over 10 years of experience with a wide range of markets and assets - currencies, indices and commodities.John is the author of popular topics on major forums with millions of views and works as both an analyst and a professional trader for both clients and himself.