OpenSea Launches OS2 Beta Exclusively for Gemesis Holders, Community Questions Fairness

OpenSea has launched access to OS2, with only Gemesis NFT holders permitted to access the platform.

Godfrey Benjamin By Godfrey Benjamin Marco T. Lanz Edited by Marco T. Lanz Updated 3 mins read
OpenSea Launches OS2 Beta Exclusively for Gemesis Holders, Community Questions Fairness

Key Notes

  • OpenSea has launched access to its upgraded OS2 platform.
  • The access to test and share feedback was limited to Gemesis NFT holders only.
  • This accessibility model has sparked a backlash among members of the OpenSea community.

OpenSea, a leading Non-Fungible Token (NFT) trading platform, has just launched a private beta for OS2. This upgraded feature is the new version of its marketplace for buying and selling NFTs. 

The beta launch, officially announced in an X post by OpenSea, can only have its early access opened to the Gemesis NFT holders. This development has caused a mixed reaction in the crypto community. 

While some are excited about the fresh features and upgrades, others are left questioning the fairness of this rollout strategy.

The Perks: What OS2 Brings to the Table

The beta version of OS2 introduces a unique opportunity to explore new features and provide feedback to improve the platform

OpenSea encourages testers to participate through Discord and share feedback actively. This is to ensure the final product aligns with user expectations.

One standout addition is the XP system, which rewards users for their activities on the platform. Points can be earned by listing NFTs, making offers, or interacting with popular collections. 

This gamified approach has sparked excitement in a few quarters, with many speculating that XP points could unlock future perks or incentives.

OS2 also promises to enhance the trading experience with improved tools designed to make buying and selling NFTs more seamless and efficient. 

OpenSea said it has conducted a snapshot of eligible Gemesis NFT holders. It confirmed that it took this snapshot and that it is complete. It carried it out on Block: 21712313 with eligible wallets coming in at 49,785.

The Market Reaction Against OpenSea

The response from the NFT community shows a broad-based division. On one hand, Gemesis NFT holders are excited to be part of the beta. These early supporters of the NFT space now have a special role in shaping the future of OpenSea. However, many people are upset that they did not get access.

Some users, particularly those with a lot of trading history on OpenSea, felt more frustrated. This is because they were excluded just for not owning a Gemesis NFT. One user pointed out that they had spent millions on the platform, but were still not allowed to enter the beta. The consensus is that OpenSea could have been clearer about how to get in.

People also flagged some Gemesis NFT holders who allegedly bought the tokens just for beta access, only to find out they missed the snapshot. Many critics noted that OpenSea could have avoided complaints by being more transparent about requiring a Gemesis NFT for beta access.

OpenSea’s OS2 beta is part of a larger trend in the NFT world. Blockchain projects reward early adopters and active users with exclusive access to new features. 

Projects like CryptoPunks and Bored Ape Yacht Club have created strong communities around their NFTs. Early members often receive special perks, such as access to exclusive drops or private events. In fact, APE airdrop was ranked as one of the most profitable for holders when Yuga Labs, valued at over $4 billion at its peak, distributed the tokens 2 years ago.

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.

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Godfrey Benjamin

Benjamin Godfrey is a blockchain enthusiast and journalist who relishes writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desire to educate people about cryptocurrencies inspires his contributions to renowned blockchain media and sites.

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