Yesterday, Mike Dudas, co-founder of TheBlock, revealed on social media that OpenSea has registered a foundation in the Cayman Islands, and Waleswoosh, an anonymous researcher of the Azuki NFT series, also posted a screenshot of OpenSea registering in the Cayman Islands. Normally, Web3 project registration foundations are preparing for the issuance of coins, which has sparked 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 a revamped version of OpenSea would be launched in December. Matter Labs' community manager "Golem" voiced the hope that OpenSea would reward its early users and said OpenSea has a chance to reverse its current competitive disadvantage in the NFT market. Community users widely speculated that OpenSea might follow the example of competitors such as Blur and Magic Eden and issue tokens to incentivize users. OpenSea is trying to win back users from competitors. It announced zero transaction fees on February 18 this year in an attempt to recover lost ground lost to Blur and Magic Eden.