OpenSea, a leading NFT marketplace, is reportedly preparing to launch its own token, sparking speculation about a potential resurgence in the NFT market. Recent discussions indicate that the total NFT market cap is currently around $9.57 billion, with various analysts predicting significant growth in the near future. Some forecasts suggest that the NFT market could reach a valuation of $100 billion to $1 trillion in the upcoming cycle. This optimism comes amidst a broader context where NFTs are considered undervalued compared to other crypto assets, such as memecoins, which currently have a market cap of approximately $200 billion. The anticipated OpenSea token could catalyze increased investment and interest in the NFT space, potentially leading to a new wave of market activity.