Popular NFT market OpenSea is set to launch its highly anticipated native token SEA by Q1 2026, following a recent statement by its CEO Devin Finzer. Notably, the proposed cryptocurrency is designed as a key part of OpenSea’s transformation to a one-stop shop for any blockchain-related trading activity.
OpenSea To Distribute 50% Token Supply To Community
In an X post on October 18, Devin Finzer shared key information on OpenSea’s long-awaited SEA token covering its utility, distribution, and tokenomics. The token was first announced in February 2025, as its launch is set to come year after.
According to details shared by Finzer, 50% of SEA’s total supply will be distributed to the OpenSea community, with at least half of this allocation going toward initial claimants. Meanwhile, OGs and participants in the platform’s rewards program will be considered separately, recognizing their long-term engagement and contributions to the marketplace.
The OpenSea CEO also revealed that 50% of the company’s revenue at launch will be used to purchase SEA tokens, establishing an immediate demand mechanism to support the token’s value and liquidity. In terms of functionality, SEA will be integrated into the marketplace’s core experience, allowing users to stake tokens and engage more deeply with their favorite collections.
A Multi-Chain Trading Project
As earlier stated, SEA represents an integral component in OpenSea’s proposed operation to function as a one-stop shop for blockchain trading. Finzer provides additional depth to this project, which aims to move OpenSea from being an “NFT marketplace” to a general trading platform.
The OpenSea boss describes NFTs as the first phase before a sequel that will provide users seamless access to the on-chain economy to trade all objects, including tokens, culture, art, and ideas, among others.
Finzer said:
Building that product is in our DNA. You shouldn’t have to use a CEX and give up custody of your assets. But you also shouldn’t need to navigate a maze of chains, bridges, wallets, and protocols in order to use onchain liquidity, wondering whether your balance is on Solana, an Ethereum L2, or somewhere else.
The OpenSea boss also explains the importance of the SEA token to this project, saying
You should just be able to trade everything in one place, seamlessly. And that brings me to $SEA, from the OpenSea Foundation. Integrating $SEA into OpenSea will be the opportunity to show the world our vision. It will shine a spotlight on everything we’re building. 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. $SEA is not being 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
