OpenSea Denies Airdrop-Related Talk of Enforced Customer Identification

Polymarket odds for an OpenSea airdrop being launched earlier than April spiked from 25% to 45%.

Non-fungible token (NFT) platform OpenSea denied reviews that customers claiming a possible airdrop will likely be pressured to finish detailed identification, or know-your-customer (KYC), checks.

“That is all fully false,” OpenSea CEO Devin Finzer wrote on X in response to a submit that referred to the phrases and situations on the OpenSea Basis web site.

The phrases and situations additionally stated customers could be restricted from utilizing VPNs and customers within the U.S. wouldn’t have the ability to declare. The web page contained “boilerplate language” and was “on a take a look at web site for a brief time frame,” Finzer stated.

Hypothesis over an OpenSea airdrop has been swirling since December after it registered an entity named OpenSea Basis within the Cayman Islands, coinciding with the discharge of a brand new model of the platform dubbed “OS2.”

X consumer Adam Hollander stated that he had a dialog with the OpenSea chief and “people within the USA will likely be pleased with the Basis’s precise announcement after they make it,” seemingly confirming an airdrop will happen.

Polymarket odds weighing whether or not OpenSea would situation an airdrop earlier than April spiked from 25% to 45% following Finzer’s tweets.

Buying and selling quantity on OpenSea has skilled a major drop because the earlier bull run in 2022, when it notched a file $2.7 billion of quantity in a single day. Quantity for all of January this yr was simply $194 million, based on Dune.