OpenSea Introduces SEA Token Airdrop for Loyal Users
The post OpenSea Introduces SEA Token Airdrop for Loyal Users appeared on BitcoinEthereumNews.com.
OpenSea announces the SEA token airdrop for loyal users, including eligibility for US participants without KYC requirements. OpenSea launches the OS2 platform, adding multi-chain support and lower fees to enhance the NFT trading experience. OpenSea, the world’s largest NFT marketplace, has announced the launch of the SEA token, which will be issued by airdrop to its devoted users. Fascinatingly, OpenSea said that US users could still claim this token, unlike many other crypto projects that exclude the United States for legal concerns. The worldwide crypto community, which had been waiting for this significant corporate action, paid close attention to this news right away. 🚨 BREAKING 🚨 OPENSEA JUST ANNOUNCED THEIR TOKEN $SEA BIGGEST AIRDROP IN CRYPTO pic.twitter.com/GoGVz91f8s — Ash Crypto (@Ashcryptoreal) February 13, 2025 Why OpenSea Stands Firm Against SEC’s NFT Ruling Given the regulatory ambiguity around NFTs in the US, OpenSea’s choice to grant access to US users is somewhat audacious. OpenSea freely questioned the US Securities and Exchange Commission’s (SEC) assertion last October that NFTs were securities. The platform even set aside $5 million just for their legal defense expenses. OpenSea CEO Devin Finzer underlined at the time that NFTs are digital creative works rather than financial assets like stocks or bonds, so they should not be governed by traditional securities regulations. “NFTs are like paintings on the wall of your house. You can buy them, sell them, or display them, but it’s not the same as buying stock in a company,” Finzer said in an interview. OpenSea Foundation and New Strategy on OS2 CNF previously reported that last December OpenSea registered the OpenSea Foundation in the Cayman Islands. This stage is seen as a strategic get-ready for the SEA token release. Particularly with regard to token issuing and the creation of distributed autonomous organizations (DAOs), the Cayman…
Filed under: News - @ February 14, 2025 2:24 pm