Key Points:
- OpenSea CEO Devin Finzer declared the rumored conditions regarding user identification requirements as “false” and described them as “boilerplate language on a test website.”
- Odds of an OpenSea airdrop being announced before April surged from 25% to 45%.
Non-fungible token (NFT) marketplace OpenSea has denied claims that its users would be mandated to undergo detailed identification or know-your-customer (KYC) checks for a potential airdrop. Finzer stated, “This is all completely false,” in a reply to a post referencing the terms and conditions on the OpenSea Foundation site.
The allegedly posted terms also claimed that users would be unable to use VPNs, and individuals in the U.S. would not be able to claim the airdrop. Finzer clarified that the information was derived from “boilerplate language” on a test page that was temporarily hosted.
Rumors of an OpenSea airdrop began in December after it registered as the OpenSea Foundation in the Cayman Islands, coinciding with the unveiling of a new iteration of its platform, named “OS2.”
Twitter user Adam Hollander shared that he had spoken with the OpenSea chief, hinting that “folks in the USA will be happy with the Foundation’s actual announcement when they make it,” thus suggesting an airdrop is on the horizon.
Odds on Polymarket considering whether OpenSea will announce an airdrop before April have escalated to 45% after Finzer’s disclosures.
Trading activity on OpenSea has seen considerable decline since the previous bull market in 2022, which recorded $2.7 billion in volume on one day. In January of this year, trading volume was merely $194 million, as per findings from Dune.
