OpenSea officially announced the launch of the SEA Token in Q1 2026, preparing to transform from an NFT market into a full-chain trading platform. CEO Devin Finzer mentioned in X Space that 50% of the tokens will be distributed to the community, with early users and participants able to receive large allocations.
Key Highlights: SEA supports staking, trading, and cross-chain liquidity, and also allows for governance staking on favorite NFT collectibles. OpenSea's trading volume has reached 2.6 billion USD this month, with 90% coming from token transactions—indicating that the main business is quietly shifting.
The market background is a bit heart-wrenching: the total market value of NFTs has dropped from its peak of $25 billion in 2021 to $5.2 billion now, an 80% decrease. CryptoPunks still account for 33.6% of the market share, while BAYC and Pudgy Penguins account for 6% and 5%, respectively. OpenSea's recent operations aim to revive the NFT market through the SEA Token and ecosystem.
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OpenSea officially announced the launch of the SEA Token in Q1 2026, preparing to transform from an NFT market into a full-chain trading platform. CEO Devin Finzer mentioned in X Space that 50% of the tokens will be distributed to the community, with early users and participants able to receive large allocations.
Key Highlights: SEA supports staking, trading, and cross-chain liquidity, and also allows for governance staking on favorite NFT collectibles. OpenSea's trading volume has reached 2.6 billion USD this month, with 90% coming from token transactions—indicating that the main business is quietly shifting.
The market background is a bit heart-wrenching: the total market value of NFTs has dropped from its peak of $25 billion in 2021 to $5.2 billion now, an 80% decrease. CryptoPunks still account for 33.6% of the market share, while BAYC and Pudgy Penguins account for 6% and 5%, respectively. OpenSea's recent operations aim to revive the NFT market through the SEA Token and ecosystem.