peppy
775 posts








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Bitcoin puppet is an autistic luxury brand on Bitcoin ✨








Incredibly difficult position for the team to be in, but IMO @openseafdn delaying launch was the right decision I work with Opensea, so I imagine some people expect me to be positive about this news, but I'm a trader just like you I've been using Opensea since 2021, I've farmed every wave, completed voyages, collected treasures, built up volume, etc. So yes, I want my $SEA airdrop just as much as the next person However, I understand that for the token to do well, the company needs to thrive As it stands, they are THE number one NFT marketplace with trading across 24 chains, have a great cross-chain token trading experience, are innovating with the release of AI tools, however their mobile app and perps are still in beta A token is a great incentive for people to download the mobile app. While I believe most people would download the app regardless of an airdrop, especially NFT traders, I don't know of any company who wouldn't want to use this to their advantage The more product offerings they have, the more users they'll have, and the better their token can do But most people don't care about the company, products, or if it survives past TGE For months, I've read many negative posts, accusations, and complaints on the timeline I can promise you that the team sees all of it Every tag, every reply, every post Whether it's @dfinzer, @HollanderAdam, @SteveKBark or even community mods like @W00DS_eth, they see it, they take in the valid feedback, bring it to the rest of the team and use it to make the platform better They genuinely care about their community and want to reward their users. Jump into the discord and you'll quickly see how serious the team takes feedback and how hard they're working to push their products forward Opensea is building for the long term, which requires making short term painful decisions. It's a tough line to balance, but in the end, I believe they'll have gotten it right P.S. I have to include the "paid partnership" tag because I'm an ambassador, but no one asks me to post this

Just insane timing on this Vanity Fair piece coming 1 day after Finzer delaying the SEA airdrop citing market conditions

an update on $SEA. the team has been building at full speed, and the foundation had planned to kick off the first steps as part of our march 30th event. but @openseafdn is pushing back the timeline. a delay is a delay. i’m not going to dress it up, and i know how it lands. the reality is that market conditions are challenging across crypto right now, and $SEA only launches once. @openseafdn could force the original date, or we could ensure every piece is in place and make this moment what this community deserves. we gave a tremendous amount of thought to how to do right here. I’m thankful to @HollanderAdam for bringing the community’s voice into every conversation. we’ll be doing the following: no more waves: the current rewards wave will be our last. optional fee refund: recognizing that we originally committed to a Q1 date, we’re offering refunds of the platform fees we retained while participating in the rewards waves (3 - 6) that followed our timing announcement. if you like, you can receive a refund of those fees, which when combined with treasure chest prizes, essentially means all of your trading during that period was on us. if you opt for a refund, the Treasures you were awarded during these waves will be removed from your account. details on this process will follow. honoring existing Treasures: for Treasures you continue to hold, our prior commitment stands: they will be meaningfully considered by the Foundation at TGE. this is independent from allocations for historical activity. 0% fees for 60 days: starting on march 31st, opensea will reduce our own token trading fees to 0%. we want to make it a no-brainer for everyone to experience our new platform: cross-chain token trading, mobile app, perps and more. after this 60 day period, we will put a new system in place that makes fees significantly more competitive for anyone trading consistently on opensea. product updates: while we’re postponing our march 30th event, we’ll host a separate one in the coming months focused on product updates. it’s been incredible to see the early responses to our mobile app, and we can’t wait to get it into more people’s hands. so if not now, wen? when we announced last year, it was too early. that created unnecessary uncertainty and reactivity. so when the Foundation sets a new timeline, it will be deliberate and specific. here’s why i’m confident that’s the right move: i’ve been building opensea for almost a decade. when this started, we were two people and the only thing you could trade on OS was cryptokitties. i’ve watched this space go from a niche curiosity to billions in volume to where we are today. the thing that’s carried us through every cycle was a willingness to make hard calls when it mattered. when our market crashed, we rebuilt from zero: an entirely new stack, a new product, and a new team culture. that hurt in the short term. but today OS2 is undeniably the strongest marketplace offering, and it’s the foundation everything sits on. we have huge ambitions as a company, and we’re here for the long game. making all of non-custodial crypto delightful on mobile is just the beginning. that means we have to set a very high bar for everything we do, and it’s why i’m so protective of delivering a launch that’s worthy of this community and everything we’re putting into this.



