{"id":36800,"date":"2025-02-18T16:00:11","date_gmt":"2025-02-18T13:00:11","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=36800"},"modified":"2025-02-20T19:22:34","modified_gmt":"2025-02-20T16:22:34","slug":"opensea-discontinues-airdrop-reward-system","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/opensea-discontinues-airdrop-reward-system\/","title":{"rendered":"OpenSea Discontinues Airdrop Reward System"},"content":{"rendered":"<p data-end=\"484\" data-start=\"80\">Popular NFT platform <a href=\"https:\/\/coinengineer.net\/blog\/etfs-update-interest-continues-to-diminish\/\"><strong data-end=\"113\" data-start=\"102\">OpenSea<\/strong><\/a> has announced that it has halted XP earning for listing and bidding trades following intense criticism of the <strong data-end=\"165\" data-start=\"144\">XP reward system<\/strong> it launched on its new platform. Users reacted by stating that the system <strong data-end=\"455\" data-start=\"303\">incentivizes wash trading, does not benefit creators, and prioritizes the platform to only profit from transaction fees<\/strong>.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/opensea-discontinues-airdrop-reward-system\/#OpenSeas_New_OS2_Platform_Receives_Criticism\" title=\"OpenSea&#8217;s New OS2 Platform Receives Criticism\">OpenSea&#8217;s New OS2 Platform Receives Criticism<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/opensea-discontinues-airdrop-reward-system\/#Community_Complains_of_%E2%80%9CWash_Trading%E2%80%9D_and_Rewards_Not_Reaching_Creators\" title=\"Community Complains of &#8220;Wash Trading&#8221; and Rewards Not Reaching Creators\">Community Complains of &#8220;Wash Trading&#8221; and Rewards Not Reaching Creators<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/coinengineer.net\/blog\/opensea-discontinues-airdrop-reward-system\/#OpenSea_Backtracks_New_XP_System_Coming\" title=\"OpenSea Backtracks: New XP System Coming\">OpenSea Backtracks: New XP System Coming<\/a><\/li><\/ul><\/nav><\/div>\n<h3 data-end=\"545\" data-start=\"491\"><span class=\"ez-toc-section\" id=\"OpenSeas_New_OS2_Platform_Receives_Criticism\"><\/span><strong data-end=\"543\" data-start=\"495\">OpenSea&#8217;s New OS2 Platform Receives Criticism<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-end=\"783\" data-start=\"547\">On January 28th, OpenSea launched a beta version of its new platform, OS2, which offered <strong data-end=\"696\" data-start=\"639\">XP rewards<\/strong> to its users <strong data-end=\"696\" data-start=\"639\">to qualify for the SEA token airdrop<\/strong>. However, community members argued that this system harmed the NFT ecosystem.<\/p>\n<p data-end=\"1139\" data-start=\"785\">In particular, <strong data-end=\"887\" data-start=\"795\">traders who earn high volumes of XP are<\/strong> said <strong data-end=\"887\" data-start=\"795\">to earn points by selling and buying NFTs to each other<\/strong>, <strong data-end=\"931\" data-start=\"897\">offering a zero-risk model<\/strong>. Renowned NFT collector and influencer <strong data-end=\"992\" data-start=\"984\">Wale<\/strong> described OpenSea&#8217;s XP system as <strong data-end=\"1116\" data-start=\"1060\">an even worse version than the rewards system of<\/strong> its rival <strong data-end=\"1116\" data-start=\"1060\">Blur<\/strong>, which is making waves in the NFT world.<\/p>\n<h3 data-end=\"1231\" data-start=\"1146\"><span class=\"ez-toc-section\" id=\"Community_Complains_of_%E2%80%9CWash_Trading%E2%80%9D_and_Rewards_Not_Reaching_Creators\"><\/span><strong data-end=\"1229\" data-start=\"1150\">Community Complains of &#8220;Wash Trading&#8221; and Rewards Not Reaching Creators<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-end=\"1477\" data-start=\"1233\">Stating that traders earning Top XP are only optimizing the rewards offered by the system without suffering any losses, community members said that <strong data-end=\"1461\" data-start=\"1383\">artists do not receive any share due to<\/strong> OpenSea&#8217;s <strong data-end=\"1461\" data-start=\"1383\">zero royalty policy<\/strong>.<\/p>\n<p data-end=\"1477\" data-start=\"1233\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-148642\" src=\"https:\/\/coinmuhendisi.com\/blog\/wp-content\/uploads\/2025\/02\/019518b6-f0bb-759e-bc14-2244f2ac14a7.jpg\" alt=\"\" width=\"1670\" height=\"526\" \/><\/p>\n<p data-end=\"1708\" data-start=\"1479\">Emphasizing that Blur <strong data-end=\"1557\" data-start=\"1517\">maintains minimum royalties<\/strong> while implementing a similar system, but OpenSea has completely cut it to zero, users stated that this is <strong data-end=\"1694\" data-start=\"1632\">a big blow to NFT artists and projects<\/strong>.<\/p>\n<p data-end=\"1908\" data-start=\"1710\">Another user stated <strong data-end=\"1833\" data-start=\"1731\">that some traders pay transaction fees of up to $20,000 just to earn airdrops<\/strong>, suggesting that the system is completely <strong data-end=\"1886\" data-start=\"1863\">wash trading-oriented<\/strong>.<\/p>\n<h3 data-end=\"1972\" data-start=\"1915\"><span class=\"ez-toc-section\" id=\"OpenSea_Backtracks_New_XP_System_Coming\"><\/span><strong data-end=\"1970\" data-start=\"1919\">OpenSea Backtracks: New XP System Coming<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-end=\"2100\" data-start=\"1974\">After much criticism, OpenSea co-founder and CEO <strong data-end=\"2058\" data-start=\"2042\">Devin Finzer<\/strong> announced the discontinuation of XP rewards.<\/p>\n<p data-end=\"2100\" data-start=\"1974\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-148641\" src=\"https:\/\/coinmuhendisi.com\/blog\/wp-content\/uploads\/2025\/02\/019518b7-4816-73d6-abb9-ba754ddd984c.jpg\" alt=\"\" width=\"782\" height=\"379\" \/><\/p>\n<p data-end=\"2270\" data-start=\"2102\">While the new system <strong data-end=\"2187\" data-start=\"2116\">will award more points for NFT purchases and retention<\/strong>, the community has welcomed the change as <strong data-end=\"2246\" data-start=\"2227\">a positive step<\/strong>.<\/p>\n<p data-end=\"2521\" data-start=\"2272\"><strong data-end=\"2303\" data-start=\"2290\">Langerius<\/strong> from the NFT community said that it was surprising that OpenSea would make such a change despite its previous earnings and popularity, but that it is <strong data-end=\"2498\" data-start=\"2467\">an appreciated move<\/strong> to listen to user feedback.<\/p>\n<p data-is-last-node=\"\" data-end=\"2672\" data-start=\"2523\">This development is seen as an important sign <strong data-end=\"2631\" data-start=\"2551\">that reward systems and airdrop mechanisms<\/strong> in the NFT market <strong data-end=\"2631\" data-start=\"2551\">could be reshaped<\/strong>.<\/p>\n<p data-is-last-node=\"\" data-end=\"2672\" data-start=\"2523\"><em>You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Telegram,\u00a0<\/strong><\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"nofollow noopener\"><strong>YouTube<\/strong><\/a>,\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Twitter<\/strong><\/a>\u00a0channels for the latest\u00a0<a title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\">news<\/a>\u00a0and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Popular NFT platform OpenSea has announced that it has halted XP earning for listing and bidding trades following intense criticism of the XP reward system it launched on its new platform. Users reacted by stating that the system incentivizes wash trading, does not benefit creators, and prioritizes the platform to only profit from transaction fees.<\/p>\n","protected":false},"author":6,"featured_media":36801,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[64,103,1093],"class_list":["post-36800","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-airdrop","tag-nft","tag-opensea"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>OpenSea Discontinues Airdrop Reward System - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/opensea-discontinues-airdrop-reward-system\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"OpenSea Discontinues Airdrop Reward System - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Popular NFT platform OpenSea has announced that it has halted XP earning for listing and bidding trades following intense criticism of the XP reward system it launched on its new platform. 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