OpenSea was the dominant platform in the NFT sector for trading digital paraphernalia. As 2022 approaches, there is a flurry of newcomers to the market, hoping to challenge the established players. The latest competitor, X2Y2, joins the fray with a promise to give away money.
X2Y2 is the latest NFT trading platform to hit the sphere. It offers straight up OpenSea Migration and bulk trading options right from the start, along with accumulative rewards and token staking.
OpenSea 🌊 has a monopoly on over 90% of all NFT transactions. That's a huge burden for a single actor, right? Lately, this has shown to be a huge issue for us, the #NFT community:— X2Y2 ⭕️ | NFT Marketplace (@the_x2y2) February 1, 2022
🚨 Centralization & Censorship
🤑 Corporate Greed
We're here to fix this👇 1/14
Like LooksRare a fellow newcomer to the X2Y2 program, its reward system is based entirely on OpenSea trading statistics. Users will be allocated $X2Y2 depending on how many trading volumes have been registered on OpenSea’s Ethereum network.
To claim, members need to go to the X2Y2 airdrop page to hook up their Ethereum wallet. Then, depending on OpenSea exposure they will need to list a predetermined amount of NFTs onto the X2Y2 exchange. They can then claim a portion the airdrop and spend it as they wish.