OpenSea users are wondering about a possible token launch after a vague post on the company’s X account. Community opinion is divided on whether such a launch would help build interest or become a final rugpull.

Trade volumes at the NFT marketplace have slowed to a crawl, and it might face an SEC legal battle.

OpenSea Token Launch: Misguided or Fraudulent?

Today, NFT marketplace OpenSea posted, “so… how long have you been using OpenSea?” on its official X account. Replies from the community immediately began speculating that this may lead to a token launch. The marketplace hit a 3-year low in April, and it seems like the best opportunity to launch has already passed:

Several prominent commentators in the NFT space questioned OpenSea’s intentions and motives. For example, user Loopify, the founder of a web3 project, claimed that the company “is known for having the worst decisions within NFTs.” He also claimed that a botched launch would destroy any remaining community goodwill. STIX founder and CEO Taran Sabharwal was even more blunt:

“Rumour has it that your founding team exited via secondary sales already. Your core employees left because you wouldn’t launch the token in 2021. Launch it now and watch the entirety of [crypto Twitter] dump on you. Please m

Go to Source to See Full Article
Author: Landon Manning