OpenSea Reveals ‘Flagship’ NFT Treasury Stockpile as SEA Token Drop Nears

Prominent NFT Marketplace OpenSea said on Monday that it has committed more than $ 1 million to acquire culturally relevant NFTs, because it is charged on the launch of his native ecosystemtoken, SEA.

The reserve of the Marketplace, called the flagship collection, starts with cryptopunk #5273, which was last bought for $ 282,000 on 25 August before he was transferred to a new address on Monday. After acquiring ‘essential pieces’, the company wants to acquire and elevate pieces of emerging artists.

‘We have always said that NFT’s culture is. The flagship collection is about choosing the pieces that we think will endure the test of time, ”said Devin Finzer, CEO of OpenSea, Decodeer.

The company will choose documents for the collection using a committee of OpenSea employees and a group of external advisers with strict internal procedures to prevent the leak of information prior to acquisitions.

In 2023, a former OpenSea -employee was convicted of the very first NFT insider trade case, because the director had bought and benefited from assets that had to be characterized on the popular market. The Conviction was eventually destroyed In July.

“There are various elements that take into account our purchase criteria, ranging from cultural significance, impact on web3 as a whole, unique expressions of creativity and more,” said CMO Adam Hollander OpenSea Decodeer.

“Some selections for the flagship collection will seem obvious, while others much less,” he added. “The goal is to bring well -deserved artists and makers, even new and emerging, to the attention of their works shoulder to shoulder with historical pieces that represent digital culture.”

In addition to the flagship collection, OpenSea is preparing for a last push before the official launch of the sea purse, the native ecosystem tugs Announced by the OpenSea Foundation In February.

From 15 September the company will start using 50% of its platform costs to create a prize safe for the final phase of the rewards prior to the token. Moreover, it starts the safe with $ 1 million on the native tokens of Ethereum Layer-2 Networks Optimism (OP) and Arbitrum (ARB).

Based on activity on the platform, such as NFT and token trade and completing daily tasks, users can raise their part of the price safe, which will also play a “meaningful role” at the time of the generation generation of SEA Token.

It is expected that full tokenomics details will be shared by the OpenSea Foundation at the beginning of October.

The Miami-based company-which in 2022 achieved a rating of $ 13.3 billion in the midst of the NFT-Boom announced earlier this year with the launch of “OS2”, A renewed vision for NFT and fungible token -trade.

In July, OpenSea Acquired Crypto -Portfolio applicationRally, to increase his mobile experience. Wait lists for a renewed mobile application and an AI-oriented trading experience is expected to be launched in the coming weeks, the company said Monday.