Is NFT leading a business revival? OpenSea's test version reveals "coin distribution," allowing even old players to receive retroactive rewards.

Amid the market recovery, the NFT sector, the encryption for wealth in the previous bull market, is also showing signs of activity. In addition to the newcomer MagicEden preparing to launch its token, the veteran player in the NFT market, OpenSea, also seems to be making moves. According to a message from john.weth, a tester of OpenSea V2, besides significant updates to the interface and functions, there also seems to be expectations for a token launch.

OpenSea's First Line of Internal Testing! Even Veteran Users Have the Chance to Receive Retrospective Rewards

john.weth is one of the first batch of internal testers for OpenSea V2, and he warns that the current version is still in testing and may differ from the official version.

Firstly, OpenSea's user interface has undergone a major update, including a more intuitive display of top collections, popular collections, highest sales of the week, and trending collections on the main page.

Furthermore, the transaction records for specific addresses are now more straightforward and easier to understand. In traditional blockchain explorers, transaction records for various assets can appear disorganized. However, OpenSea's transaction records for NFTs allow anyone to easily comprehend the trading habits of these addresses.

Lastly, the most anticipated feature is the opportunity for token issuance. In this version of internal testing, a system similar to a point system has been introduced. Users can earn points by trading NFTs, and users on the platform will be ranked based on the number of points they have. Users with higher rankings can receive greater loyalty point bonuses. Specifically, the loyalty point bonuses are:

Rank 100-51: 1.2x
Rank 50-26: 1.5x
Rank 25-11: 2x
Top 10: 2.5x

Even NFT traders from the previous bull market need not worry. Despite the subsequent silence in the NFT market, it appears that OpenSea has a retrospective reward program, offering hope for past traders to receive rewards.

Countdown for Gary Gensler's Resignation? NFT Platforms Brave Regulatory Risks and Boldly Issue Tokens

As mentioned earlier, MagicEden will be issuing tokens by the end of the year. The official announcement of the $ME token economics will be made public on 11/18 via Twitter. The biggest difference between MagicEden and OpenSea is the support for multi-chain transactions, allowing them to catch up with the Bitcoin ecosystem frenzy.

Magic Eden is set to integrate a multi-chain ecosystem and tokens by the end of the year, with the founder advocating the MAGIC principle.

However, the token issuance by OpenSea raises concerns, as the platform was previously investigated by the SEC regarding securities laws. Choosing to issue tokens under regulatory risks might also be closely related to the almost certain resignation of Gary Gensler due to the election of Trump.

After being investigated by the SEC, the CEO of Magic Eden stated: Welcoming regulatory clarity through this process.