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Metaversal Issue

The OpenSea Token

gm Bankless Nation, speculation is rising around OpenSea’s potential $OCEAN token now that the OpenSea Foundation is confirmed!
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Dec 21, 20243 min read
The OpenSea Token
Published on Dec. 21, 2024
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NEWS ROUNDUP
The OpenSea Token

What some people in crypto wrote off as never going to happenan OpenSea airdropnow seems all but inevitable in 2025.

The latest indication here came as the NFT marketplace giant just unveiled its official Foundation account on X with a short teaser: "ocean enters the chat."

Are you thinking what I'm thinking? That's probably as close as you can get to saying an $OCEAN token is coming without officially outright announcing it.

We should know more soon, as OpenSea is gearing up to launch its madeover OS2 platform experience any day now. But we don't even need specifics here yet to know that the arrival of an $OCEAN token would have big implications.

Presumably, a lot of people would qualify for this airdrop, and it has the potential to be one of the largest token launches in 2025. It certainly seems possible that $OCEAN could reach a +$2.5 billion market cap and climb into the top 60 cryptocurrencies by year's end.

That stimulus, combined with the OS2 points system, could help catalyze a new wave of attention around NFTs. If things turn decidedly bullish for NFTs in 2025, then $OCEAN will likely have played a non-trivial role in making that happen.

In the meantime, we can only speculate. The Pluid team did just release an unofficial OpenSea airdrop estimator, so consider checking that out if you want to gauge your past activity while we wait for more news!

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TOOL TIP
Onchain Wrapped

The Bankless website just got its latest goodie, Onchain Wrapped.

It's like Spotify Wrapped, of course, but instead of recapping your music it offers a year-in-review for your 2024 wallet activity.

You just input your EVM address or ENS name into the search bar, and then you'll receive a neat little report highlighting your top-traded token, most active month, overall transaction count, and more.

It’s a fun and easy tool to reflect on how you spent your year in crypto, and sharing your results on social media could earn you some Bankless merch.

See how your onchain action stacks up, and expect an even bigger Onchain Wrapped in 2025!

Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.