OpenSea Cayman Islands registration fuels token airdrop rumors

Non-fungible token (NFT) marketplace OpenSea has sparked speculation of an impending token launch and user airdrop following its registration in the Cayman Islands.

The news was shared on Dec. 14 by Waleswoosh, a pseudonymous researcher from the Azuki NFT collection, who posted a screenshot of OpenSea’s Cayman Islands registration. NFT community members have since speculated that the digital collectible platform plans to launch a cryptocurrency and conduct a token airdrop.