Popular non-fungible token (NFT) marketplace OpenSea said Thursday that it is expanding its platform to crypto trading and confirmed it is planning to distribute SEA tokens to users.

The trading platform called OS2 has launched today, and aggregates marketplaces, allows cross-chain purchasing and offers lower fees in the beginning, according to the protocol’s press release.

“This represents an expansion of OpenSea from an NFT marketplace to a much broader platform for trading all types of digital assets,” said Devin Finzer, Co-founder and CEO of OpenSea. “We think tokens and NFTs belong together in a single, powerful, delightful experience.”

OpenSea Foundation, the Cayman Islands-based development organization behind the protocol, will also distribute SEA tokens offering utility on the OS2 platform.

While details and date of the airdrop remain undisclosed, OpenSea has confirmed that SEA will recognize both active users and those who have been part of the platform since its early days. US users will be included in the airdrop.

OpenSea has said that SEA’s utility will be focused on long-term engagement rather than short-term speculation.

The platform’s monthly trading volume is down significantly from a $5 billion peak in early 2021, having facilitated trading of $190 million worth of NFTs last month. The platform’s annualized revenue stands at $33 million, according to Dune Analytics data.

Story Protocol has officially launched its public mainnet following a six month long testnet.

Story Protocol, a layer-1 blockchain, has announced the launched its public mainnet, marking the first-ever global, programmable market for IP. The platform aims to transform the $61 trillion IP asset class by giving IP holders and AI-driven products the tools to manage, trade, and monetize creative assets.

Story Protocol’s launch follows a six-month testnet phase that began with the “Iliad” testnet on August 27, 2024. Now live, its mainnet provides a decentralized platform where IP owners can set up licensing rules and transact without any middlemen.

The network will be secured by the IP token. IP is used for transactions, governance, and creator rewards. IP owners can register and tokenize their work on the blockchain, setting rules for how it can be used, modified, or monetized. Developers can build apps on the network, creating new AI tools, licensing platforms, and IP marketplaces.

IP has debuted with an initial supply of 1 billion tokens. A 30-day rewards portal has been set up to allow testnet participants to claim IP tokens. Staking IP is an option for those who wish to promote network security. The staking phase for the IP, called “Singularity,” kicked off on Feb.1, but rewards will be distributed starting March 2. 

Notably, tokens allocated to early backers and core contributors will be locked for one year. Major exchanges like Coinbase, OKX, KuCoin, Bybit, Bitget, and Bithumb have already announced the listing of IP.

Story Protocol raised $140 million from investors such as Samsung Next and a16z. Several IP-focused projects are already building on the network. Aria, one such project, raised $7 million to purchase the rights to Justin Bieber’s song “Peaches” and divide the proceeds among the IP asset’s fractional owners.

Jupiter, a Solana-based decentralized exchange, will airdrop 700 million JUP tokens to its community on Wednesday in what it is calling the “largest airdrop in history.”

The airdrop is a part of the project’s annual “Jupuary” event, which was voted into existence alongside another event in 2026 in a governance vote in December. It is scheduled to start at 15:30 UTC.

Initial concerns were raised about the sustainability of supply increase, prompting the proposal to be amended to include a token audit and burn schedule over the next month.

At the time of writing JUP is trading at $0.87 after sliding by 2% over the past 24 hours. The total value of the airdrop is set to be $612 million.