Source: Cointelegraph Original: "{title}"
In this week's newsletter, the non-fungible token (NFT) marketplace OpenSea previewed the launch of its native token SEA. Undeniably, many are interested in the upcoming airdrop, but the community has expressed dissatisfaction with its mechanics. The NFT platform's response was to suspend XP rewards for listings and bids. Additionally, DappRadar reported that blockchain gaming activity tripled in January.
The OpenSea Foundation shared the latest news about the highly anticipated airdrop on February 13, revealing the name of the upcoming token: SEA. The foundation did not specify the launch date of the token but clarified that U.S. users would be able to use it.
The foundation also addressed previous concerns regarding airdrop eligibility, stating that it would consider the historical activity of OpenSea users, not just their recent activity. This is a direct response to community concerns about airdrop eligibility following the launch of the OpenSea OS2 platform.
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As users flocked to OpenSea's new platform, some community members expressed dissatisfaction with their experience. NFT collectors claimed that the XP system was unhelpful to artists, encouraged wash trading, and prioritized earning fees.
In response, OpenSea suspended XP rewards for listings and bids. The company stated that it would focus on XP shipping, a new mechanism launched on February 14. OpenSea CEO Devin Finzer mentioned that the project aims to support the space in the long term and is considering the best path for development. Due to this change, buying and holding NFTs will earn more user points.
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According to the analytics platform DappRadar, the Web3 gaming industry frequently combines NFTs and other cryptocurrencies with traditional video games, with independent active wallets in January 2025 increasing by 386% compared to January 2024.
DappRadar analyst Sara Gherghelas stated that blockchain gaming is maturing and highlighted the evolving token economy, layer two development, and AAA game collaborations in the field. Gherghelas noted that this growth signals development momentum and showcases the industry's resilience amid short-term volatility.
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Thank you for reading this week's summary of the most noteworthy developments in the NFT space. Next Wednesday, we will bring you more reports and insights on this positively evolving field.
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