OpenSea, once a leading name in the NFT market, has announced the launch of its $SEA token as part of a significant platform update. This change marks the first step in an effort to reclaim its lost ground.
What is $SEA?
On May 30, OpenSea officially announced the launch of its new OS2 platform and $SEA token. The token will be integrated into the mechanics of the new platform, including rewards for engagement and governance of the network. Token allocation will be based on three main criteria:
- Historical contribution
- Current actions on the platform
- Experience earned through the Voyages system.
How to Earn $SEA?
To earn $SEA tokens, users need to complete tasks through the Voyages system. Tasks range from simple to complex and can provide different levels of experience (XP). Here are a few starter missions:
- Task 1: Create an NFT Gallery
Upload your NFTs and set up your showcase page.
- Task 2: Cross-Chain Swap
Use the OS2 wallet tools to swap tokens on-chain.
- Task 3: Buy an NFT
Purchase an NFT for less than $5.
- Task 4: Social Media Engagement
Follow and engage with OpenSea's official Twitter account.
OpenSea 2.0 (OS2) Updates
The OS2 platform represents a complete overhaul that includes:
- Multi-chain support for 14-19 blockchains.
- Built-in token exchange.
- User galleries for displaying NFTs.
- 'Treasure' items for tracking progress.
- XP-based economy where platform actions can lead to rewards.
The launch of the $SEA token and the OS2 platform update indicates that OpenSea seeks to reposition itself in the NFT market by adapting to new user demands and requirements.
