OpenSea sets Q1 2026 for SEA token launch, entering chapter 2
OpenSea has finally set a date for its long-awaited SEA token launch. The NFT marketplace confirmed on October 17 that the token generation event (TGE) is scheduled for Q1 2026. Co-founder and CEO Devin Finzer shared key details about the SEA token’s distribution and tokenomics on X, noting that 50% of the supply is allocated to the community. Over half of that allocation will be delivered via the initial claim, prioritizing long-time users and rewards program participants. Additionally, the co-founder revealed that 50% of launch revenue will go towards buying SEA tokens. Functioning as a “deeply integrated” platform token, SEA’s primary utilities include staking and community rewards. Finzer highlighted, “$SEA isn’t the destination, but it’s a crucial moment everyone will be watching.” OpenSea rebuilt as an all-in-one trading platform Notably, during the 2022 cryptocurrency winter, NFT sales suffered a significant decline. OpenSea, the largest marketpla...