OpenSea Announces OS2 Private Beta

On January 28, OpenSea stated that it had taken a snapshot of wallets holding Gemesis NFTs, allowing approximately 50,000 users to access the OS2 private beta.

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On November 4, 2024, OpenSea CEO Devin Finzer revealed plans to rebuild the platform from scratch. While he did not provide many details about OS2, he hinted at a possible December launch. However, in a December 31 update, Finzer announced that beta testing was still ongoing, delaying the launch.

OpenSea Token Airdrop Speculation

The announcement of OS2 has reignited speculation about a potential OpenSea token airdrop. Users compared the platform’s strategy to competitors like Blur and Magic Eden, which distributed tokens via airdrops.

DappRadar content manager nederob noted that OS2 has generated significant hype, mainly due to a possible airdrop. However, he pointed out that OpenSea, being based in the United States, faces regulatory uncertainty, making an airdrop less likely but not impossible.

On December 15, speculation intensified when OpenSea registered its business in the Cayman Islands, leading many to believe this was a step toward facilitating a token airdrop.

So far, OpenSea has not officially confirmed any airdrop plans.

Community Backlash Against OpenSea

Following the release of the OS2 private beta, some users expressed frustration over access restrictions and how airdrop points would be distributed.

One community member criticized the platform for prioritizing NFT holders over active users. NFT trader TylerD, who claimed to have over $10 million in lifetime trading volume on OpenSea, expressed frustration over being excluded from OS2 simply because he did not own a Gemesis NFT.

Meanwhile, users who accessed OS2 reported that OpenSea is not granting retroactive points to longtime users, meaning that everyone must start from scratch.

NFT trader Beanie argued that this decision alienates traders who have contributed significant trading fees to OpenSea. He accused the platform of neglecting its early supporters and urged the community to “send the token to zero” once it launches.

OpenSea CEO Devin Finzer responded to the backlash via X (formerly Twitter), stating that OpenSea had not forgotten its early supporters. However, he did not provide further details.

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Tokens to Be Added to the Monitoring Tag:

• StormX (STMX): Known for micro-tasks and shopping rewards in the crypto world, STMX is being added to the Monitoring Tag list due to its volatility and risk factors.
• TROY (TROY): Offering advanced broker solutions, TROY will also be included in the Monitoring Tag list.

Tokens to Be Removed from the Monitoring Tag:

• Convex Finance (CVX): Renowned for its staking solutions for DeFi users, CVX will no longer carry the Monitoring Tag.
• Sun (SUN): Part of the TRON ecosystem, SUN has met Binance’s criteria and will be removed from the Monitoring Tag list.

Tokens to Be Removed from the Seed Tag:

• Arkham (ARKM): A pioneer in crypto intelligence, ARKM will no longer carry the early-stage Seed Tag.
• Blur (BLUR): The token of the NFT trading-focused Blur platform has advanced beyond the early stage, leading to the removal of its Seed Tag.
• Jito (JTO): Known for its liquidity solutions in the Solana ecosystem, JTO’s Seed Tag will also be removed.
• Celestia (TIA): With its modular blockchain infrastructure, TIA has progressed significantly and will no longer carry the Seed Tag.

Why Are Monitoring and Seed Tags Important?

Monitoring Tag: Tokens with this tag exhibit higher volatility and risk compared to others. Binance reviews these projects periodically and may delist tokens that fail to meet specific criteria.

Seed Tag: This tag highlights projects that are still in the early stages, signaling that investors should trade with this awareness. The removal of a Seed Tag indicates that the project has reached a significant milestone in its development.

Binance’s Evaluation Criteria

Binance makes tagging decisions based on the following criteria:

1. Team Commitment: The level of dedication the team shows toward the project.
2. Development Activity: The quality and volume of development work on the project.
3. Liquidity and Trading Volume: The token’s market liquidity and trading activity.
4. Security: The network’s resilience against attacks and the reliability of smart contracts.
5. Communication and Transparency: The project’s engagement and communication with the community.
6. Ethical Standards: The absence of unethical behavior or misconduct.
7. Ecosystem Contribution: The project’s contribution to the broader crypto ecosystem.

Users who wish to trade tokens with Monitoring Tags or Seed Tags must complete a risk awareness quiz every 90 days on Binance Spot or Margin platforms. This quiz ensures traders understand the risks associated with these tokens before making trades.

Through these updates, Binance aims to promote transparency, trust, and long-term sustainability in the crypto ecosystem.

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5 – OKX NFT Marketplace

• Establishment Date: April 24, 2023
• 30-Day Volume: $16.8M

OKX NFT Marketplace was launched as an extension of the OKX cryptocurrency exchange, leveraging its existing user base to create a robust NFT trading platform. Initially entering the market by supporting Bitcoin inscriptions, the platform gradually began to support other networks such as Ethereum, Solana, and Optimism. The platform supports popular wallets like MetaMask and Phantom, as well as its own native OKX Wallet.

4 – Element Market

• Establishment Date: July 1, 2021
• 30-Day Volume: $32.9M

Although Element Market is a relatively new player in the NFT marketplace arena, it quickly gained popularity due to its multi-chain support and accessibility. Founded and launched in 2021 by Feng Wang and Hongliang Zhang, Element Market is a comprehensive platform supporting numerous chains including Ethereum, BNB Smart Chain, Polygon, Avalanche, Optimism, and many more. Element, which supports many major wallets, seems poised to continue its rise in popularity throughout 2024 with its low fee structure and broad blockchain support.

3 – Magic Eden

• Establishment Date: September 17, 2021
• 30-Day Volume: $69.34M

Magic Eden, although a leader in Solana NFT trading, continues to expand by supporting Ethereum, Bitcoin, Polygon, and Base. Developed by a group of Australian blockchain enthusiasts, the platform quickly became a preferred platform for Solana-based NFTs. Magic Eden supports over 400 wallets, including MetaMask, Coinbase, and Trust Wallet. With its growing features, it seems likely to maintain its strong position in 2024.

2 – Blur

• Establishment Date: February 14, 2023
• 30-Day Volume: $94.9M

Blur shook up the NFT sector and quickly became one of the most popular marketplaces. Developed by Tieshun Roquerre and Anthony Liu, Blur is a platform specifically designed for professional users. The platform’s rapid growth was driven by offering rewards to its users through its native token, $BLUR, and its zero-fee structure. Blur supports many wallets like MetaMask, WalletConnect, and Coinbase Wallet and offers advanced data to its users. Despite receiving criticism for its controversial zero-fee structure and aggressive marketing strategies, Blur seems likely to continue its strong presence in the market in 2024.

1 – OpenSea

• Establishment Date: December 20, 2017
• 30-Day Volume: $103.3M

OpenSea was founded in 2017 by Devin Finzer and Alex Atallah. OpenSea was the most popular platform during the NFT boom in 2021 and pioneered the trading of collections like Bored Ape Yacht Club and Doodles. Known for its user-friendly interface and broad wallet support, the platform has faced various challenges over time but remains a significant player in the industry in 2024.

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The altcoins that saw volume spikes include Aptos (APT), Ontology (ONT), IOST (IOST), Blur (BLUR), and Dogecoin (DOGE).

The 1-hour chart for Aptos (APT) showed a significant increase in trading volume. On Upbit, the average 50 volume was $112,000, but the last recorded volume was a surprising $320,000, representing a 184.62% percentage change. On Binance, the volume was $295,000, and the last recorded volume was $437,000, representing a 48.25% percentage change.

Upbit Exchange: Incredible Volume Spikes

Ontology (ONT) also experienced an unexpected surge in its 4-hour chart. On Upbit, the average 50 4-hour volume was $4 million, but the last recorded volume was 219.85% higher at $11 million. On Binance, both the average and last recorded 4-hour volumes were $3 million, representing a 16.44% percentage change.

IOST and Blur did not lag behind in terms of volume. On the 1-hour chart, IOST saw its average 50 volume on Upbit increase from $11 million to $34 million, representing a 208.02% change. However, on Binance, the volume decreased from $14 million to $11 million, representing a 20.37% change.

Blur’s average 50 1-hour volume on Upbit rose from $12 million to $43 million, representing a 247.23% change. On Binance, the volume increased from $6 million to $8 million, with a percentage change of 30.83%.

Finally, Dogecoin made a comeback on its 4-hour chart. On Upbit, the average 50 4-hour volume was $90 million, but the last recorded volume was $191 million, representing a 111.59% percentage change. On Binance, both the average and last recorded 4-hour volumes were around $217 million, with a slight decrease of -0.53% in percentage change.

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Tensor is a groundbreaking platform for NFT trading in the Solana ecosystem. The platform has become Solana’s largest NFT marketplace by trading volume, surpassing rivals like Magic Eden. In the past month, Tensor’s NFT trading volume has nearly doubled that of Magic Eden, reaching over $1 million.

This data suggests that its investors are trading in higher volumes, while Magic Eden is more focused on traditional and frequent users.

Tensor

The story behind Tensor’s success is shaped by the efforts of co-founder Ilja Moisejevs. According to Moisejevs, Tensor’s beginnings were not easy. They focused on user feedback to develop their products, creating an interface that resembles a Bloomberg terminal, and this approach attracted financial experts.

Moisejevs emphasizes that Tensor’s success is directly linked to the success of Solana. The team has focused on growth by remaining committed to the Solana ecosystem despite the low prices of the SOL token.

Among investors, it is seen as attractive for its user-friendly interface and expanding potential. In particular, the platform’s unique NFT collection, Tensorian, which has drawn attention with its $11.5 million trading volume, has increased the platform’s popularity.

While Tensor consolidates its leadership in NFT trading, it aims to be a major player in the industry by focusing on the overall success of the Solana ecosystem. The Tensor community also believes that the platform will offer an airdrop strategy similar to BLUR in the future.

To start using the Tensor platform, you can use the link address.

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Binance will provide the opportunity to trade in the First Digital USD (FDUSD) pair to BLUR, SUPER, and USTC investors through these new trading pairs. At the same time, it will offer the opportunity to buy and sell in Turkish Lira (TRY) parity for DYDX and USTC cryptocurrencies.

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According to the announcement, from December 30 Turkish Time, investors will be able to trade on Binance with BLUR/FDUSD, DYDX/TRY, SUPER/FDUSD, USTC/FDUSD, and USTC/TR trading pairs.

According to data from CoinGecko in the last 24 hours, BLUR has seen a 9.5% increase at 0.535 dollars, DYDX with a 4.2% increase at 3.21 dollars, SUPER with an 8.8% increase at 0.403 dollars, and GFT with a 4.9% increase trading at 0.0450 dollars.

• Binance Exchange 20% Commission Discount Registration Link
• Binance Futures (Futures Transactions) Click to Trade with a 10% Discount

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Binance Listing Information

Listing Fee: 0 BNB

Margin Trading Integration: Within 48 hours of the listing, Binance will introduce the token as a new borrowable asset and will add a new margin pair in Isolated Margin: BLUR/USDT

What is BLUR?

It is the native governance token, an NFT marketplace, collector, and lending platform for advanced NFT traders. Also, it offers a range of carefully designed features for experienced NFT collectors and traders, which includes: Zero trading fee, Advanced Marketplace. It is quickly gaining momentum among veteran NFT traders. Also, it is preparing to become a significant player in the NFT ecosystem.

Furthermore, the BLUR NFT Marketplace has managed to increase its visibility and volume by distributing airdrops to its users in two seasons.

If you want to learn more about the NFT Marketplace:

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