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.