The Bored Ape Yacht Club has started regaining popularity, just as the once-dominant NFT marketplace, OpenSea, has done in the last three years following a top NFT mania that stifled regular trading volume and made host.

Aeroponics traders have long anticipated and frequently speculated about OpenSea, and the OpenSea Foundation has a key available.

The token—SEA—is expected to encourage both current and historic people of OpenSea’s systems, and is “designed to encourage greater community engagement and help the next section of the NFT ecosystem”.

Study everything else about Water below that you need to know.

Who will be dropped into the SEA?

The OpenSea Foundation has not disclosed the eligibility requirements, but it is anticipated that both current and former clients of OpenSea’s NFT platform and its main Seaport Protocol may be eligible for the SEA gift.

A spokeswoman for the OpenSea Foundation recently confirmed to that Americans would be able to take part in the airdrop, which was originally believed to be false. Also, the Foundation won’t need users to know your client or KYC confirmations in order to participate in the SEA key resupply.

OpenSea 2.0 and XP

Alongside the Foundation’s key news, OpenSea released its absolutely reimagined market, OS2, into open beta on February 13. In an effort to become more agile and rethink its business model, the former top NFT platform created a new trading system with features like exchangeable key investing and an XP reward system.

Some people anticipate that the XP earned while using OS2 will influence their future key airdrop, despite the unconfirmed information. Similar programs, like Blur and Magic Eden, have utilized “points” applications like XP to support identify key allocations for their clients.

People were earning Windows for activities like selling and listing NFTs on the new market in the first few days of OS2. However, OpenSea CEO Devin Finzer made the decision to change the XP system and only reward XP for” buying and holding” NFTs in the near future after widespread criticism from the community about the impact on NFT prices for providing XP for listings.

On X ( previously Twitter ), Finzer stated,” We understand that there are a lot of strong emotions toward point systems, and that the NFT market as a whole is in a unique spot right now.” We’re long-term building OS, so we’re pausing this section of the rewards program while we consider the best course of action.

Users can earn XP through” shipments,” which are care packages containing XP for specific actions on the platform, in addition to earning XP for participating in the platform. For instance, a small group of users who purchased and held an NFT on the platform were eligible for a shipment of XP, according to the CEO.

When will SEA launch?

Crypto bettors are placing wagers on those details, according to prediction markets on Polymarket, even though the launch date and allocations for the SEA token are unknown.

A market that allows users to place bets on OpenSea token airdrops before April 2025 is currently trading at 13 %, down from its all-time high of 84 % when rumors about the OpenSea token started to circulate in December 2024. More than$ 360, 000 has been wagered on the market.

Bettors can place bets on the OpenSea Foundation’s token before July 2025, a deadline they believe is more likely and has a 75 % chance of passing through. However, only about$ 17, 000 has been bet in that market, as of this writing.

Lastly, a market allows users to wager on the success of the SEA token. More than$ 260, 000 has been wagered on Polymarket at this time in a market that attempts to predict an OpenSea token’s fully diluted valuation ( FDV ) one day after its launch.

Crypto bettors are currently pointing to the FDV token’s$ 1-3 billion valuation, with odds of$ 3-5 billion and$ 5-10 billion right in the middle.

There is also a 23 % chance that no OpenSea token will be released by July 2025, according to the market.

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