BlockBeats News, October 18th, OpenSea Co-Founder and CEO dfinzer.eth posted on social media about the upcoming launch of the SEA token by the OpenSea Foundation.
dfinzer.eth stated that integrating SEA into OpenSea will be an opportunity for OpenSea to showcase its vision to the world, emphasizing that SEA is not a token issued for the purpose of being abandoned. Specific details include:
· Timing: SEA is set to launch in the first quarter of 2026
· Distribution Mechanism: The Foundation has confirmed that 50% of the supply will be allocated to the community, with over half distributed through an initial claim process. Early platform users and reward program participants will receive significant consideration
· Tokenomics: 50% of the initial revenue will be used to buy back SEA when the platform launches
· Use Cases: SEA will be deeply integrated into OpenSea, supporting staking SEA for desired tokens and collections