OpenSea’s highly anticipated SEA token is coming in Q1 2026, the NFT marketplace turned broader token trading platform announced on Friday.
The firm first shared its token plans in February, but withheld key details like the launch date and token allocations. Now users know the token is coming soon, and that the community will receive 50% of the eventual SEA supply.
The platform kicked off its final phase of pre-token rewards on September 15, allowing users to open the first set of reward treasure chests on Thursday.
“Integrating SEA into OpenSea will be the opportunity to show the world our vision. It will shine a spotlight on everything we’re building,” CEO and co-founder Devin Finzer posted on X.
“So we need to make damn sure that what we’ve built deserves that spotlight—not just for us, but for every holder who believes in what crypto can become,” he added. “SEA is not being created to be launched and forgotten.”
The Q1 launch and token claim will instantly provide around 25% of the total SEA supply to community users, with another 25% to be shared with the same demographic of users over time.
Additionally, the firm announced that 50% of its revenue at launch will be used to buy back SEA tokens, and users will be able to stake the token on the platform.
While specific details about the community distribution have not been shared, Finzer added that “both OGs and those who participated in OpenSea rewards programs will be meaningfully considered, separately.”
The trading platform, which rose to fame during the Ethereum NFT bull run, at one point processed billions of dollars in monthly NFT trading volume. But as interest in NFTs dwindled into 2022 and beyond, its monthly volume fell as low as $38 million last year.
As part of its SEA token announcement earlier this year, the firm unveiled a company refresh, shifting gears from a sole focus on NFT trading to becoming a platform for the trading of everything—including trading of fungible tokens, including meme coins.
OpenSea monthly trading volumes are once more in the billions for the first time since 2022, exceeding $2.6 billion already this month, though 90% of the volume is a result of token trading—not NFTs.
In July, OpenSea announced the acquisition of mobile portfolio and trading application, Rally, to overhaul its mobile experience—which is now in closed alpha. Eventually, the firm expects to add perps trading to its feature set as well.
A representative for OpenSea did not immediately respond to Decrypt’s request for comment.
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