OpenSea refutes ‘false’ KYC rumors for token airdrop
Quick Take
- OpenSea refuted rumors that it would mandate a KYC process for users to participate in its token airdrop.
- Speculation was fueled by a website that seemed connected to the OpenSea Foundation, hinting at a possible token airdrop.
- Rumors circulated on X that an upcoming OpenSea airdrop might include KYC requirements based on the website’s apparent terms.
- OpenSea CEO responded that none of the rumors were true and the information was merely “boilerplate language.”
OpenSea refuted rumors that it would mandate a know-your-customer (KYC) process for users to participate in its token airdrop.
On Monday, a website link apparently associated with the OpenSea Foundation was circulated on X, sparking speculation about a potential OpenSea token airdrop.
Posts from several X users discussed claims that an upcoming OpenSea airdrop might require KYC, including age verification and restrictions on using VPNs in certain countries.
This was based on this website's reported terms of service section, which outlined requirements for full KYC, resulting in outrage from some community members.
Opensea Foundation responded by saying, "None of the rumors on X today are true.”
OpenSea’s CEO, Devin Finzer, further clarified that the claims were “false” and the information was “boilerplate” text used on the testing site, not reflective of the actual rules or policies that would govern any potential airdrop.
According to Finzer’s X post, the website in question was linked to the OpenSea Foundation, but the specific terms mentioned were inaccurate.
“There was some boilerplate language — not actual terms and conditions — on a test website for a short period of time,” Finzer wrote.
Last month, OpenSea rolled out its OpenSea 2.0 (OS2) platform in closed beta, featuring a redesigned user interface and a new experience points (XP) system to incentivize activity.
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