OpenSea is about to launch a token, and there are differing opinions in the market about its valuation prospects. According to data from prediction markets, the probability that its FDV will surpass $1 billion after the first day is about 62%, while the chance of exceeding $2 billion is only 27%. This reflects investors' cautious attitude towards its performance upon launch.

As a background reference, OpenSea completed a $300 million Series C funding round in January 2022 with a post-money valuation of $13.3 billion, with well-known investors such as Paradigm participating. Now, the FDV expectation is far below its previous valuation, indicating that in the context of cooling NFT markets and intensified competition, market expectations have been significantly adjusted. From the sky-high valuation at the time of funding to the cautious forecasts now, OpenSea's valuation downward trajectory is quite noteworthy.