- OpenSea has denied rumors of an upcoming token airdrop
- Founder Devin Finzer called the rumors “completely false” following community speculation
- A website was discovered featuring OpenSea KYC terms and conditions, but this was clarified as being a test page
OpenSea founder Devin Finzer has refuted rumors that the company is planning an airdrop, calling them “completely false.” Suggestions of a potential OpenSea token airdrop with mandatory KYC verification have been circulating within the NFT community over the past 24 hours following the discovery of a website associated with the OpenSea Foundation, where users found terms and conditions outlining eligibility requirements. Finzer clarified that the information was derived from a test site rather than an official release.
KYC Requirements Spur Rumor Mill
The rumors began when members of the NFT community discovered a webpage linked to the OpenSea Foundation that mentioned an upcoming airdrop with strict KYC and Anti-Money Laundering (AML) checks. The document also appeared to prohibit users from certain jurisdictions from participating, sparking concerns about regional restrictions. This fueled widespread discussion and speculation that OpenSea was preparing to launch its long-awaited token under highly regulated conditions:
Opensea airdrop CONFIRMED
Term of use summary:
– users are subjected to KYC/AML checks
– allocation checker before claim
– has to be 18 years old and above to claim
– VPNs not allowed for restricted countries, failing to do so may be disqualified from airdropSite was updated… pic.twitter.com/3haFSGUnww
— Maki (@makisalpha) February 10, 2025
Finzer was quick to nip the story in the bud, explaining the origins of the site:
I just spoke with them.
There was some boilerplate language — not actual terms and conditions — on a test website for a short period of time.
If it was official, the foundation would have linked to it.
— dfinzer.eth | opensea (@dfinzer) February 10, 2025
In addition, The OpenSea Foundation issued a statement advising users to rely only on official announcements and avoid misinformation.
Hope Still Remains
Despite OpenSea’s clear denial, many in the NFT community remain hopeful for an eventual token launch, with OpenSea’s decision to establish the OpenSea Foundation in the Cayman Islands in December 2024 leading to speculation that an airdrop could still be in the works.
Some long-time users believe OpenSea may eventually reward early adopters based on past trading activity, although if OpenSea wants to capitalize on the crypto bull market it will have to do so soon, given that it appears to be running out of steam.
