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OpenSea Integrates Gaming Token POWER for NFT Marketplace Payments
OpenSea Integrates $POWER Token
- OpenSea now supports the $POWER token as a payment method on its NFT marketplace.
- $POWER is earned through gameplay in the Power Protocol ecosystem, primarily via Pixion Games' Fableborne.
- This integration allows players to purchase NFTs directly using their in-game rewards without converting them into other cryptocurrencies like [Ethereum](https://holder.io/coins/eth/).
Significance of Integration
- The move is among the first to use a gameplay-earned token for marketplace-wide transactions on OpenSea.
- Previously, transactions relied mainly on major Ethereum-based cryptocurrencies.
- The integration demonstrates rising demand for diverse blockchain payment methods.
Platform Developments and Future Plans
- OpenSea's recent updates include the beta launch of "OS2," a crypto trading aggregator across 19 blockchains.
- Legal scrutiny on the NFT sector has eased following the closure of an SEC investigation into OpenSea.
- OpenSea plans to launch its native SEA token in Q1 2026, allocating 50% of revenue toward token buybacks.
- The platform adjusted its fee structure to 1% for NFT trades and 0.85% for token trades.