2 hours ago
The level volition extremity its rewards waves, connection optional interest refunds for definite traders and present 0% token trading fees for 60 days starting March 31 arsenic it promotes its revamped marketplace.
Mar 16, 2026, 9:17 p.m.
OpenSea co-founder Devin Finzer said Monday that the timeline for the motorboat of the highly anticipated SEA token is being pushed back, arsenic the institution seeks to guarantee the rollout is afloat prepared alternatively than forcing a debut amid hard crypto marketplace conditions.
In a station connected X, Finzer said the OpenSea Foundation primitively planned to instrumentality the archetypal steps toward the motorboat during a March 30 lawsuit but has decided to hold the timeline for the NFT trading platform's token. “A hold is simply a delay. I’m not going to formal it up, and I cognize however it lands,” helium wrote.
Finzer said the instauration weighed moving guardant with the antecedently planned day but yet concluded that SEA “only launches once,” and that taking further clip would assistance guarantee the debut meets the expectations of the platform’s community.
As portion of the update, Finzer said OpenSea volition upwind down its existent rewards run structure, confirming that the ongoing rewards question volition beryllium the last. Users who traded during rewards waves 3 done six volition beryllium capable to opt successful to refunds for the level fees OpenSea retained during that period. If users take to person the refund, the “Treasure” rewards tied to those waves volition beryllium removed from their accounts, portion those who support their Treasures volition inactive person them considered for allocations astatine the token procreation event.
The squad besides said the OpenSea level volition trim its ain token trading fees to 0% for 60 days starting March 31, a determination aimed astatine encouraging users to effort the company’s revamped platform.
Finzer added that the instauration volition hold to denote a caller SEA motorboat timeline until it tin supply a wide and deliberate schedule.
“We person immense ambitions arsenic a company, and we’re present for the agelong game. Making each of non-custodial crypto delightful connected mobile is conscionable the beginning,” Finzer wrote. “That means we person to acceptable a precise precocious barroom for everything we do, and it’s wherefore I’m truthful protective of delivering a motorboat that’s worthy of this assemblage and everything we’re putting into this.”
Read more: OpenSea Confirms Q1 Launch for SEA Token With Half of Supply Allocated to Community
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