According to Odaily Planet Daily, OpenSea CEO Devin Finzer announced plans to launch the SEA token in the first quarter of 2026. 50% of the total SEA supply will be allocated to the community, with initial claims accounting for half. Participants in the OpenSea rewards program and OG users will be given priority. The launch of SEA will provide users with more ways to utilize the token, including staking, allowing users to stake SEA against their favorite tokens and collectibles. Furthermore, 50% of SEA revenue will be used to purchase SEA at launch, ensuring the token's value and the health of the ecosystem.
According to Odaily Planet Daily, OpenSea is undergoing a difficult transformation and is currently expanding from an NFT business to a one-stop trading platform for all cryptocurrencies on 22 different blockchains. Data shows that in the first two weeks of October 2025, OpenSea facilitated $1.6 billion worth of cryptocurrency transactions and $230 million worth of NFT transactions, far higher than the total trading volume of $142 million in May. This growth will make October 2025 the month with the largest trading volume in more than three years. Under OpenSea's new plan, it integrates buy and sell orders from decentralized cryptocurrency exchanges such as Uniswap and Meteora. In terms of fees, OpenSea charges a fee of approximately 0.9% for each transaction, generating $16 million in revenue in the past two weeks. (Forbes)
According to Odaily Planet Daily, OpenSea announced on the X platform that Wave 1 has been released. Users can go to the official unlock treasure chest to view the rewards.
According to previous news, the total value of rewards for Wave 1, the last reward event before OpenSea TGE, reached US$12.2 million, and Wave 2 was launched on October 15.
According to Odaily Planet Daily, OpenSea announced on the X platform that since the launch of the last reward event before the TGE, the platform's cumulative trading volume has exceeded US$2 billion. Therefore, the Wave 1 phase rewards currently include NFTs and tokens worth US$12.2 million, and the rewards will be distributed soon.
In addition, Wave 2 phase was launched on October 15th. As of November 15th, 50% of the platform fees will continue to be used to fund the new reward pool, and OP, SOMI, and ETH tokens worth US$1 million will be launched as the initial reward pool.
According to Odaily Planet Daily, OpenSea issued a statement on the X platform stating that users should bind their EVM wallets as soon as possible. Most of the platform's rewards are issued on the EVM chain; if the EVM wallet is not bound, relevant rewards will not be available.
