OpenSea suspends new airdrop reward system due to user feedback

On February 18th, according to Cointelegraph, the NFT marketplace OpenSea has temporarily suspended its XP reward system due to criticism from users regarding its new airdrop reward mechanism. The new reward system was introduced on January 28th with the beta version of its upgraded market OS2, where users could earn points by listing and bidding on works to improve their eligibility for receiving the platform's native token SEA airdrop.

Community members expressed dissatisfaction with the XP system, believing that the mechanism is not beneficial for creators, promotes wash trading, and prioritizes fee collection. In response, OpenSea co-founder and CEO Devin Finzer announced the suspension of XP rewards for listing and bidding, focusing instead on the XP distribution mechanism launched on February 14th.