Unconfirmed reports of a possible airdrop by NFT marketplace OpenSea have recently sparked trading interest in the Gemesis NFT series.
Although OpenSea has previously denied any connection between Gemesis and future airdrop plans, recent developments have reignited speculation about its potential value.
As OpenSea prepares to launch its V2 platform in December (including new loyalty rewards and competitive ranking features), some in the community are positioning themselves with Gemesis NFTs, anticipating that they may have a future in OpenSea’s rewards ecosystem value.
Source: Waleswoosh (X on)Gemesis NFT activity surges amid speculation
In the past 24 hours, several large NFT holders have acquired Gemesis NFTs in large quantities, with some wallets purchasing more than 50 items at once.
The rise in demand caused Gemesis’s base price to increase by 60%, placing it among the top 100 NFT series by market capitalization.
Gemesis was originally launched by OpenSea as a commemorative item, but has now taken on new meaning as collectors speculate that it could play a role in a possible airdrop or reward structure, although there is no official confirmation from OpenSea.
Source: OpenSeaPotential airdrops and reward multipliers
Although OpenSea has previously stated that Gemesis NFTs are not tied to any future airdrops, many community members see potential value in holding them if OpenSea introduces a tiered reward system. Some have suggested that any rewards program could use specific NFT ownership or trading activity as a multiplier factor, potentially increasing eligibility for rewards.
Some theories suggest that Gemesis holdings could increase leaderboard rankings or act as a multiplier for the experience point (XP) system, allowing holders to benefit from OpenSea’s loyalty incentives. While not yet confirmed, these ideas are driving an increase in Gemesis trading activity as collectors look to secure a stake in the event these theories prove to be correct.
The speculation has been further fueled by OpenSea’s upcoming V2 platform, which has hinted that it will feature retroactive rewards designed to identify previous user engagement on the platform. Although details are limited, this feature has led some Gemesis holders to speculate that their NFTs may affect these retroactive rewards.
