OpenSea to launch SEA token in Q1 2026, allocating 50% to community

NFT marketplace OpenSea plans to launch its native token, SEA, in the first quarter of 2026. CEO Devin Finzer announced the launch in a post on X on Oct. 17. According to Finzer, a foundation will allocate 50% of the total SEA supply to the community. More than half of this allocation will be distributed via an initial claim to early participants and users of the OpenSea Rewards program. He added that at the time of the launch, 50% of OpenSea's revenue will be used for SEA token buybacks, and a staking feature for the token will also be introduced.