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Opensea CEO Announces SEA Token Launch to Revive NFT Sector in Q1 2026
Yahoo Finance· 2025-10-18 17:09
Core Insights - OpenSea is set to launch its native token, SEA, in Q1 2026, transitioning from an NFT marketplace to a comprehensive on-chain trading platform [1] - The global NFT market has seen a significant decline, with total market capitalization dropping to $5.2 billion from a peak of $25 billion in 2021 [4] Token Allocation and Utility - 50% of the total SEA token supply will be allocated to the community, with early users and participants in reward programs receiving substantial claim allocations [2] - 50% of OpenSea's launch revenue will be utilized to purchase SEA tokens, and $SEA holders will have the ability to stake their tokens behind preferred NFT collections, integrating governance and utility into the platform [2] Development Plans - OpenSea is developing a mobile app that will provide full access to on-chain trading, alongside perpetual trading and cross-chain abstraction features, all set for the Q1 2026 launch [3] - The trading volume for OpenSea has reached $2.6 billion this month, indicating active user engagement despite the overall decline in NFT valuations [5]
X @Decrypt
Decrypt· 2025-10-17 17:37
Here's When to Expect the SEA Token as OpenSea Trading Volume Spikes► https://t.co/hyTl69WadX https://t.co/hyTl69WadX ...