OpenSea has confirmed plans to launch its SEA token whereas rolling out the OS2 open beta. The upgraded platform now helps transactions throughout 14 blockchains, together with Circulation, ApeChain, Sony’s Soneium BSL, and Berachain.
The replace additionally allows cross-chain purchases, increasing interoperability for customers.
OpenSea Lastly Launches Its Token
The SEA token distribution will take into account historic exercise on OpenSea, somewhat than focusing solely on latest transactions. The redemption course of might be easy, and customers within the US will even have entry.
In December, OpenSea established a basis within the Cayman Islands, a transfer that aligns with its broader enlargement efforts.
The NFT market is coming into the token house later than some rivals. Magic Eden launched its ME token in December 2024, however its worth dropped practically 90% from launch. Blur’s token, launched in mid-2024, confronted the same decline.
NFT market tokens have struggled with adoption and worth stability. OpenSea’s entry into this house raises the query of whether or not it will probably shift market sentiment or encounter the identical challenges as its predecessors.
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