According to OpenSea CEO, the website from which the rumors originated are truly linked to the OpenSea Foundation.
By Mayowa Adebajo
Edited by Julia Sakovich
Updated
2 mins read
OpenSea has denied claims that it intends to make users go through a mandatory know-your-customer (KYC) procedure in order to be eligible for a potential token airdrop. This is in response to the rumors that circulated on social media platform X on Monday about an upcoming airdrop by the popular marketplace.
The rumors, widely spread by many user accounts, claimed that OpenSea would as a matter of fact require partakers to carry out age verification alongside the KYC procedure. There were also talks about VPN restrictions in certain countries, leading to an uproar from some members of the community.
However, in a short but straightforward response, OpenSea may have put an end to the rumors and the outrage that followed. The company simply said in a statement:
“None of the rumors on X today are true.”
OpenSea CEO Devin Finzer has also attempted to shed more light on the issue. According to him, the website from which the rumors originated is truly linked to the OpenSea Foundation. However, this does not make the claims true, especially in terms of the specific terms, he said.
Finzer noted that the information seen on the website are mere “boilerplate” text used on the testing site. He also said that this does not mean that the same texts have any bearing on the rules or eligibility requirements for any potential airdrop that will happen. Finzer was quoted as saying:
“There was some boilerplate language — not actual terms and conditions — on a test website for a short period of time.”
For what it might be worth, neither OpenSea’s response nor Finzer’s suggests that there are any actual plans for a token airdrop. However, there also hasn’t been any clear dismissal either. Moreover, OpenSea recently introduced a points system, so users are leaning more on the side that a token airdrop is in the works.
In January, there were reports that OpenSea launched its OpenSea 2.0 (OS2) platform. Though the primary plan of the platform is that its new experience points (XP) system will boost activity, users already believe that the points will likely lead to a token reward.
As of this publication, however, OpenSea still operates without a native token to its name.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Mayowa is a crypto enthusiast/writer whose conversational character is quite evident in his style of writing. He strongly believes in the potential of digital assets and takes every opportunity to reiterate this. He's a reader, a researcher, an astute speaker, and also a budding entrepreneur. Away from crypto however, Mayowa's fancied distractions include soccer or discussing world politics.
