Golden Finance reported that yesterday TheBlock co-founder Mike Dudas posted on social media to disclose that OpenSea has registered a foundation in the Cayman Islands. Waleswoosh, an anonymous researcher of the Azuki NFT series, also posted a screenshot of OpenSea’s registration in the Cayman Islands. Normally, Web3 projects register foundations to prepare for the issuance of coins, and this move has triggered speculation about the upcoming launch of tokens and user airdrops. On November 4, OpenSea co-founder and CEO Devin Finzer announced that the NFT market is planning a comeback. Although Finzer revealed few details, he promised that the revamped OpenSea would launch in December. Matter Labs’ community manager “Golem” expressed his hope that OpenSea can reward its early users and said that OpenSea has the opportunity to reverse its current competitive disadvantage in the NFT market. Community users have widely speculated that OpenSea may follow the lead of competitors such as Blur and Magic Eden and issue tokens to incentivize users. In an attempt to win back users from competitors, OpenSea announced zero transaction fees on February 18 this year in an attempt to regain the ground lost to Blur and Magic Eden.