Will OpenSeas Introduction of a Points System Signal the Arrival of its Token Issuance

What happened?
An anonymous investor in non-fungible tokens (NFTs), “John.weth,” has publicly revealed the interface of the new version of the NFT trading platform OpenSea on X and disclosed that the platform will soon introduce the “XP” point system.
In addition to the XP point system, OpenSea’s interface has also been redesigned to provide users with clearer information and cater to the needs of advanced traders.
According to the foreign media outlet “The Block,” the introduction of the XP point system “may” imply that token airdrops will take place in the future.
New version of OpenSea introduces the “XP” point system
Devin Finzer, the CEO of the well-known NFT trading platform OpenSea, stated in a post in early November that the company’s team is planning to launch a new version of OpenSea in December, and the degree of adjustment in this version is equivalent to “starting from scratch.”
Recently, an anonymous NFT investor, “John.weth,” publicly revealed the interface of the new version of OpenSea on X for the first time and disclosed that the platform will soon introduce the “XP” point system. According to the screenshots shared by John.weth, XP represents users’ achievements on the platform, and accumulating XP points will gradually unlock more rewards.
The new version of OpenSea also includes a leaderboard to display users’ rankings based on their points. To earn XP points, users can list NFTs from their profiles or make bids on “popular collectibles.” However, the platform also warns users that attempting to manipulate the leaderboard through false transactions may result in point deductions or a reset of points.
John.weth stated that the top 10 users on the leaderboard each day will receive additional point bonuses, with a maximum bonus of 2.5 times, while users ranked 51 to 100 will receive a bonus of 1.2 times. Additionally, if users choose to exclusively list their NFTs on the OpenSea platform, they can also earn extra XP.
OpenSea’s new interface provides more detailed information
In addition to the XP point system, OpenSea’s interface has also been redesigned. The new homepage will display the NFT series with the highest daily trading volume, projects with the highest price increases, the highest weekly sales records, and popular trending collections, providing users with clearer information.
The new profile page presents a more complete view of all wallet activities, covering almost all transaction details, allowing traders to track and manage transactions more intuitively.
It is worth noting that from the screenshot provided by John.weth, it can be seen that he selected the “Pro” tab in the bottom right corner, indicating that the design of the new version of the OpenSea page will continue to meet the needs of advanced traders. This strategy is similar to another NFT market, Blur, which targets professional traders.
Of course, in addition to the “Pro” interface, users can also switch to the “Collector” perspective. The foreign media outlet “The Block” analyzed that this indicates that the platform may provide a simplified operating interface suitable for beginners or regular collectors.
Whether OpenSea will issue platform tokens has always been a concern for users. “The Block” believes that the introduction of the XP point system “may also” imply that token airdrops will take place in the future. However, at least for now, the term “token” has not appeared in any official information.
Source:
The Block
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X