OpenSea is ready to launch its long-anticipated SEA token within the first quarter of 2026, the corporate’s CEO Devin Finzer introduced.
Half of the token’s whole provide will go to the group, with a good portion distributed by way of an preliminary declare. Customers with historic exercise on the platform and members in rewards applications will obtain separate consideration, Finzer wrote on social media.
The rollout comes amid a shift in focus for OpenSea, which has lengthy been referred to as the most important non-fungible token (NFT) market. The platform recorded over $2.6 billion in buying and selling quantity this month, with greater than 90% of it attributed to token buying and selling.
SEA can be built-in into OpenSea’s core expertise, Finzer added. Customers will have the ability to stake the token behind their favourite collections or initiatives, and at launch, 50% of platform income can be used to buy SEA.
The token’s launch comes greater than a yr after it was first introduced. Since then, hypothesis has grown round its construction and timing, together with bets positioned on prediction markets like Polymarket.
Finzer’s announcement introduced perceived odds of SEA’s token launch this yr from almost 40% to underneath 1%.
Within the meantime, OpenSea has been rolling out new instruments, together with a cellular app and help for perpetual futures buying and selling, Finzer added.