OpenSea has denied rumors of a mandatory KYC process for a potential token airdrop.
The speculation was fueled by a test website containing placeholder text.
OpenSea has denied claims that it intends to make users go through a mandatory know-your-customer (KYC) procedure in order to be eligible for a potential token airdrop. This is in response to the rumors that circulated on social media platform X on Monday about an upcoming airdrop by the popular marketplace.
OpenSea Clarifies Airdrop Speculation on Social Media
The rumors, widely spread by many user accounts, that OpenSea would as a matter of fact require partakers to carry out age verification alongside the KYC procedure. There were also talks about VPN restrictions in certain countries, leading to an uproar from some members of the community.
However, in a short but straightforward response, OpenSea may have put an end to the rumors and the outrage that followed. The company simply said in a statement:
“None of the rumors on X today are true.”
“None of the rumors on X today are true.”
OpenSea CEO Devin Finzer has also attempted to shed more light on the issue. According to him, the website from which the rumors originated is truly linked to the OpenSea Foundation. However, this does not make the claims true, especially in terms of the specific terms, he said.
Finzer that the information seen on the website are mere “boilerplate” text used on the testing site. He also said that this does not mean that the same texts have any bearing on the rules or eligibility requirements for any potential airdrop that will happen. Finzer was quoted as saying:
“There was some boilerplate language — not actual terms and conditions — on a test website for a short period of time.”
“There was some boilerplate language — not actual terms and conditions — on a test website for a short period of time.”
Speculation Continues
For what it might be worth, neither OpenSea’s response nor Finzer’s suggests that there are any actual plans for a token airdrop. However, there also hasn’t been any clear dismissal either. Moreover, OpenSea recently introduced a points system, so users are leaning more on the side that a token airdrop is in the works.
In January, there were reports that OpenSea launched its OpenSea 2.0 (OS2) platform. Though the primary plan of the platform is that its new experience points (XP) system will boost activity, users already believe that the points will likely lead to a token reward.
As of this publication, however, OpenSea still operates without a native token to its name.