One of the most popular platforms of all time is preparing to launch its own altcoin. Here are the details.
OpenSea CEO Devin Finzer announced that the platform will launch the SEA token in the first quarter of 2026.
Finzer announced that 50% of the token supply will be reserved for the community, with half of that distributed during the initial claim phase, primarily to early adopters and bounty program participants.
The new token will allow users to stake their favorite collectibles and tokens. 50% of platform revenue will also be used for SEA buybacks during the launch period.
Finzer stated that OpenSea exceeded $2.6 billion in transaction volume this month, 90% of which came from token transactions, adding that the company is no longer just an “NFT marketplace” but has transformed into a “buy-sell platform for everything.”
“NFTs were just the first chapter for us. Now it’s time to create a hub for the entire on-chain economy: tokens, culture, art, ideas, digital and physical assets, all in one place.”
Finzer argued that with the new vision, users will now be able to trade all their assets on a single platform without being dependent on CEXs and without getting lost between chains, bridges and wallets.
