Sea 19 February 2025 ▪
4
min at reading ▪
OpenSea, the largest NFT market in the world, announced the new XP award system. He was introduced on January 28, but quickly caused a wave of community criticism. This decision comes in a particular context when the platform is trying to rediscover its recent launch of its token sea.
OpenSa Back Machine and ends AirDrops
January 28, 2025, Opensea deployed the beta version of its new platform OS2, accompanied by an experience system (XP). These points were supposed to allow users to qualify for the future AirDrop token sea, the native Krypto Opensea, which was launched on February 13. However, the implementation of this system quickly aroused controversy in the community.
Critics focused mainly on the mechanisms of assigning XP points, which preferred intensive business practices at the expense of authentic creators and collectors.
Influential users such as Wale Collector have emphasized that the system encouraged “work trading”, which is the practice of performing artificial transactions to inflate volume.
The even more serious, absence of a period of reflection between transactions, unlike its blurring competitor, which requires a period of 30 minutes, allowed traders to rape high -frequency transactions without a real financial risk.
The situation reached its climax when some users started spending up to $ 20,000 to climb the XP rating. This race created an artificial environment in which the same NFT was replaced in a loop between a small group of traders, only for the purpose of accumulating points.
This speculative behavior has significantly moved away from the initial spirit of the project, which aims to reward the loyalty of historical platform users.
A quick response to the community criticism
Devin Finczer, CEO and co -film Opensea decided to suspend XP rewards associated with statements and auctions. The platform is now focused on “XP Expeditions”, a new mechanism introduced on February 14, which prefers the purchase and detention of NFT rather than on frantic trading.
This decision is part of a wider approach to returning to Opensea resources. During the opening of the token Sea, Finzer has already acknowledged that the platform has become “too corporate” and has moved away from its web3 roots. The suspension of the controversial valuation system shows the desire Opensea to listen to its community and prefer more balanced developments on the NFT market.
This reorientation comes in context, which is characterized by as many opportunities as a call for crypts, especially in the United States, as indicated by the keys to the crypto market. The platform, which has generated almost billions of dollars since its work in 2017, is trying to strengthen its leading position while maintaining the interests of its historical community.
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