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Home ยป Will OpenSeas Introduction of a Points System be a Prelude to Platform Tokenization
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Will OpenSeas Introduction of a Points System be a Prelude to Platform Tokenization

By adminNov. 11, 2024No Comments3 Mins Read
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Will OpenSeas Introduction of a Points System be a Prelude to Platform Tokenization
Will OpenSeas Introduction of a Points System be a Prelude to Platform Tokenization
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What happened?

An anonymous NFT investor named “John.weth” has publicly revealed the interface of the new version of the NFT trading platform OpenSea on X and disclosed that the platform will soon introduce the “XP” points system.

In addition to the XP points system, the interface of OpenSea has also been redesigned to provide users with clearer information and cater to the needs of advanced traders.

According to the foreign media “The Block,” the introduction of the XP points system “may” imply future token airdrops.

New version of OpenSea introduces the “XP points system”

Devin Finzer, the CEO of the well-known NFT trading platform OpenSea, stated in an article in early November that the company’s team is planning to launch a new version of OpenSea in December, and the magnitude of these adjustments is equivalent to “starting from scratch.”

Recently, an anonymous NFT investor named “John.weth” publicly revealed the interface of the new version of OpenSea on X for the first time and disclosed that the platform will soon introduce the “XP” points system. According to screenshots shared by John.weth, XP represents users’ achievements on the platform, and accumulating XP points will gradually unlock more rewards.

The new version of OpenSea also includes a leaderboard to display users’ point rankings. Users can earn XP points by listing NFTs from their profiles or bidding on “popular collections.” However, the platform also warns users that if someone attempts to manipulate the leaderboard through fraudulent transactions, they may face deductions or a reset of their points.

John.weth stated that the top 10 users on the leaderboard each day can receive additional point bonuses, with a maximum bonus of 2.5 times, while users ranked 51st to 100th will receive a 1.2 times bonus. Additionally, if users choose to exclusively list NFTs on the OpenSea platform, they can also earn extra XP.

OpenSea’s new interface provides more detailed information

In addition to the XP points system, OpenSea’s interface has been redesigned. The new homepage will display the NFT series with the highest daily trading volume, projects with the largest price increases, the highest weekly sales records, and popular trending collections, providing users with clearer information.

The new profile page also presents a more comprehensive view of all wallet activities, almost covering all transactional situations of the wallet, allowing traders to track and manage transactions more intuitively.

It is worth noting that from the screenshot provided by John.weth, the selected tab in the bottom right corner is “Pro,” indicating that the design of the new version of the OpenSea page will continue to meet the needs of advanced traders. This strategy is similar to another NFT market, Blur, which caters to professional traders.

Of course, in addition to the “Pro” interface, it can also be switched to the “Collector” perspective. The foreign media “The Block” analyzed that this indicates that the platform may provide a more simplified operating interface suitable for beginners or regular collectors.

Whether OpenSea will issue platform tokens has always been a concern for users. “The Block” believes that the introduction of the XP points system “may also” imply future token airdrops. However, at least for now, the term “token” has not appeared in any official information.

Source:
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