OpenSea has postponed the launch of its own token., 2026/03/17 14:59:08

Devin Finzer, co-founder of the leading non-fungible token marketplace OpenSea, announced that the launch of its own token, SEA, which was scheduled for March 30, has been postponed. The company aims to wait for more favorable conditions in the cryptocurrency market.

According to Finzer, the OpenSea team explored the possibility of launching the cryptocurrency by the set date but ultimately decided against taking risks to “meet the expectations of the platform’s community.” The executive stated that the company will announce new launch timelines for SEA only when it can “provide a clear and well-thought-out schedule.” 

“A delay is a delay. I won’t sugarcoat it—I understand how it is perceived. We have grand ambitions as a company, and we are focused on the long game. Making non-custodial cryptocurrency user-friendly on mobile devices is just the beginning. We must set a very high standard for everything we do,” Finzer wrote on social media platform X. 

The marketplace also announced an update to its trading platform and changes to its rewards program. Users who traded during the third to sixth waves of the program will be allowed to request refunds for fees retained by the platform during that period. However, if a user opts for a refund, the Treasure rewards earned during those waves will be deducted from their account. Those who retain their Treasure will be able to factor them into the token distribution during the token generation event. Starting March 31, OpenSea announced a 60-day waiver of trading fees for its own tokens.  

In October, Finzer stated that SEA would be a part of the platform’s revamped concept. The issuer plans to distribute up to 50% of the coin’s supply among community participants, including those in the rewards program. Nearly 50% of OpenSea’s revenue will be allocated to buy back SEA at the time of launch.