Opensa and the hard reality of the NFT market

In recent days, the nft market has faced a dramatic decrease in nft values. This is partly due to the general tendency of the cryptographic market, but there is another factor.

Current nft market problem: Opensa

The recovery cryptocurrency market, particularly exemplified by the performance of the Kaito Genesis nft collection and the groceries during the past week, experienced an interruption after the announcement of the Airdrop Opensa. Specifically, the program allows users to accumulate XP, which functions as a metric for the subsequent distribution of Airdrop $.

To win OpenSea XP (experience points), the user must actively participate with the platform beyond just buying or selling nft. Here is like:

Create and maintain competitive lists: The nft list in or near the price of the floor of the collection can help maximize its XP. This means establishing the price of the nft near the lowest price currently listed for similar items in the collection to increase the probability of a sale.
Make collection offers: Playing nft offers within eligible collections can also win XP. The largest of the offer, especially if it is the highest offer, more XP users could win. Keep in mind that only the main offer has XP, not the second higher or lower offers.
Active participation: XP is generally linked to the active use of the platform. This includes participating in activities that involve list, tender or other interactive elements that Opensa could introduce or highlight as XP learning actions.
XP Surprise Shipping/Boxes: OpenSEA has mentioned the possibility of winning XP by opening “shipments/XP boxes”, although details about how they work or when available were not detailed in the information provided.

The collections must be approved by Opensa so that the user shares are won. In addition, once an nft has listed or made an offer in which it is sold, the XP gain of that specific action stops.

This inadvertently led the operators at deliberately lower nft prices for tender purposes, with the aim of maximizing XP profits, instead of participating in simple purchase transactions (which do not produce XP).

Numerous prominent collections, including Mayc, Milady and Kaito Genesis, experienced a significant decrease in prices.

We have heard the comments about the current XP system, and we are pausing in XP given directly for the list and offer.

While we do not believe that liquidity rewards are inherently bad (see more below), we understand that there are many strong emotions towards the points systems and …

– dfinzer.eth | Onsaea (@dfinzer) <a target="_blank" href="https://twitter.com/dfinzer/status/1891770024349626648?ref_src=twsrc%5Etfw” data-wpel-link=”external” target=”_blank” rel=”nofollow external noopener noreferrer”>February 18, 2025