OpenSea, one of the largest NFT marketplaces, has hinted at a possible token launch with a cryptic post on a new social media account. The new asset is supposedly called “OCEAN” or a similar phrase. The crypto community has expressed enthusiasm for the potential launch.
Optimism around the potential launch of the OpenSea token has changed dramatically in a short period of time. In early November, the company’s CEO discussed plans to launch a new NFT platform. Earlier this month, the company discussed the launch of the token and was met with harsh criticism. Many in the community speculated that the firm was preparing for a rug pull. However, some of those same users have now changed their minds. Polymarket noted that optimism around the launch of this token has increased dramatically.
The optimism can be explained by the fact that after the initial announcement, the company registered the “OpenSea Foundation” in the Cayman Islands. It has shown significant endurance in a terrible NFT market. A year ago, the CEO was open to acquisitions, and shortly after, the firm saw its lowest trading volumes. The platform also received Wells notice in August. However, OpenSea remains in business and still promises future developments.
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