OpenSea Community Criticizes 2.0 Access Plans

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  • The NFT community has criticized Opensea’s criteria for accessing OpenSea 2
  • The community isn’t happy with OpenSea choosing holders of Gemesis NFT collection for a private beta trial of its new NFT exchange
  • OpenSea CEO Devin Finzer clarified that the platform hasn’t “forgotten the OGs”

NFT marketplace OpenSea is facing backlash from its community for restricting beta access to its new exchange, OpenSea 2 (OS2), to Gemesis NFT holders. Although OpenSea CEO Devin Finzer clarified that the private beta version of the exchange would also be open to “the OGs,” he didn’t reveal the criteria for selecting on-Gemesis holders to participate in the beta testing. The community is also worried that the collectibles marketplace will use the same rules when distributing a rumored OpenSea token, something that OpenSea is yet to confirm.

Over $10 Million in Trading Volume and No Access?

The exchange said 49,785 Gemesis NFT holders “now have access to the OS2 private beta.” Some of those who lamented on the presumed favoritism said it’s “frustrating to have $10M+ in lifetime trading volume on the OpenSea platform” and be locked out of the private beta access of OS2 because they don’t hold a Gemesis NFT.

Those trying out the new platform have lamented that it doesn’t offer points to loyal OpenSea users and that it treats all users as new users. Some OS2 beta users have disclosed that the new platform is offering points for listing items, making “collection offers on top collections, [and] testing the OS2 beta and giving the team feedback on Discord.”

OpenSea users believe the exchange will use these points to airdrop its token in the future. Some in the crypto community, however, think it’s unlikely that OpenSea will launch a token because it’s headquartered in the United States.

OS2 Developed From the Ground Up

The backlash comes three months after Finzer disclosed that they’ve “been quietly cooking” a new platform. Finzer noted that the upgraded exchange is built from the ground up to pave the way for real innovation.

With the community disgruntled with how OpenSea allows private access to OS2 beta and the platform’s point system, it’s to be seen whether the exchange will change the rules.

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