Someone @ opensea has created 2000 accounts, while others are determined not to access any of them. It has raised 427 million yuan, which is rare in the cryptocurrency industry and definitely a huge sum. What hasn't been done yet is that it has been PUA for many years. It used to be called IPO, but now it has to be TGE again, it's like two extremes. I have done some, but I have always been very skeptical about doing it. The following figure shows the daily transaction volume of NFT market on defilama, with opensea in purple. It can be clearly seen that the period from mid-21 to mid-23 was a bull market for NFT, when the highest daily trading volume of Opensea was over 150000 ETH (with a fee income of 375 ETH). In 23 years, the top position was replaced by Blur, and recently, Opensea has finally returned to first place through airdrop activities. Today, the daily trading volume is 368 ETH (with a commission income of 0.92 ETH). The highest daily transaction fee yield is higher than the current daily trading volume! What is this concept? The traditional NFT trading market has completely declined. Do you want to promote a sunset industry on multiple platforms? From the current situation, I don't think opensea will be a backlash, but it won't be too big either. It has extremely high financing, and in recent years, its 2.5% commission rate has also been softened. This company is wealthy, absolutely wealthy, but there is another important factor we need to consider - the ability to consistently make money. At that time, Uni dared to send 400 airdrops for the order number because the transaction fee charged by the main network was very profitable. Hyperliquid dares to send billions of airdrops because as a major on chain casino, it generates a continuous stream of revenue. And when opensea sends airdrops, you have to look at the conscience of the project team. Most businessmen have no conscience. With such a small daily handling fee, why would they send you a billion dollar airdrop to pull the market? Do they rely on this daily handling fee? Or do we expect it to use its previous financing and earnings to pull in the market? It will be difficult to take out what goes in. I estimate that opensea's airdrop would not be too large without being targeted by witches. In the future, when selecting projects through airdrops, we will fall behind just by looking at the financing background. We also need to study whether the project team can continue to profit from the market.