Popular NFT marketplace OpenSea is set to launch its highly anticipated native token SEA by Q1 2026, following a recent statement from CEO Devin Finzer. Notably, the proposed cryptocurrency is designed as a key part of OpenSea’s transformation into a one-stop-shop for any blockchain-related business.
OpenSea will distribute 50% of the token supply to the community
in Share X On October 18, Devin Finzer shared basic information about OpenSea’s long-awaited SEA token covering its utility, distribution, and token economics. The token was first announced in February 2025, with its launch scheduled to come a year later.
According to details shared by Finzer, 50% of the total SEA supply will be distributed to the OpenSea community, with at least half of this allocation going to initial claimants. Meanwhile, OGs and platform rewards program participants will be considered separately, recognizing their long-term participation and contributions to the market.
The OpenSea CEO also revealed that 50% of the company’s revenue at launch will be used to purchase SEA tokens, creating an instant ordering mechanism to support token value and liquidity. In terms of functionality, SEA will be integrated into the core market experience, allowing users to stake tokens and interact more deeply with their favorite groups.
Multi-chain business project
As previously mentioned, SEA is an integral part of OpenSea’s proposed operation to act as a one-stop-shop for blockchain trading. Finzer brings additional depth to this project, which aims to move OpenSea from being an “NFT marketplace” to a public trading platform.
The OpenSea president describes NFTs as the first phase before the sequel that will provide users seamless access to the on-chain economy to trade all things, including tokens, culture, art, and ideas, among others.
Finzer said:
Building this product is in our DNA. You should not use CEX and give up custody of your assets. But you also shouldn’t have to navigate a maze of chains, bridges, wallets, and protocols in order to use on-chain liquidity, wondering if your balance is on Solana, Ethereum L2, or somewhere else.
The OpenSea president also explains the importance of the SEA token for this project, saying
You should be able to trade everything in one place, seamlessly. This brings me to $ seaFrom the OpenSea Foundation. integration $ sea At OpenSea it will be the opportunity to show the world our vision. It will highlight everything we build. So we need to make sure that what we’ve built is worthy of that spotlight – not just for us, but for every holder who believes in what cryptocurrencies can become. $ sea It was not created to be launched and forgotten.
Meanwhile, OpenSea now boasts over $2.6 billion in October 2025, 90% of which was generated from token trading.
Featured image from Unsplash, chart from Tradingview
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