OpenSea CEO Devin Finzer unveiled plans to launch SEA token in Q1 2026, aiming to reignite NFT market growth. The post Opensea CEO Announces SEA Token Launch to Revive NFT Sector in Q1 2026 appeared first on Coinspeaker.OpenSea CEO Devin Finzer unveiled plans to launch SEA token in Q1 2026, aiming to reignite NFT market growth. The post Opensea CEO Announces SEA Token Launch to Revive NFT Sector in Q1 2026 appeared first on Coinspeaker.

Opensea CEO Announces SEA Token Launch to Revive NFT Sector in Q1 2026

2025/10/19 01:09
2 min read
For feedback or concerns regarding this content, please contact us at crypto.news@mexc.com

On Friday, October 17, CEO Devin Finzer announced via X that Opensea will launch a native token, SEA, in Q1 2026, transitioning from an NFT marketplace to a full-suite on-chain trading platform.

In an X space attended by 11,100 users, Finzer outlined OpenSea’s plans for a unified on-chain economy, enabling seamless trading of tokens, art, culture, and digital goods across multiple chains without compromising asset custody.

According to Finzer, 50% of the total SEA token supply is allocated to the community. Early users and participants in OpenSea’s reward programs will receive significant claim allocations.

Further details confirm that 50% of OpenSea’s launch revenue will be used to purchase SEA tokens. Additionally, $SEA holders will be able to stake their tokens behind favorite NFT collections and assets, embedding governance and utility into OpenSea’s core interface.

He added that OpenSea’s mobile app is already in the works, offering full access to on-chain trading, while perpetual trading (perps) and cross-chain abstraction features are under development ahead of the Q1 2026 launch.

SEA Token Launch Aims to Revitalize NFT Sector Amid $5.2 Billion Market Decline

OpenSea’s SEA token announcement arrives as the global NFT market faces a severe contraction in the last 4 years. According to CoinGecko data, total NFT market capitalization dropped to $5.2 billion as of October 18, a stark contrast to the $25 billion peak NFTs sales in 2021, as reported by Reuters.

CryptoPunks remains the dominant collection, commanding 33.6% market share, while Bored Ape Yacht Club (BAYC) and Pudgy Penguins make up the top three, with 6.02% and 5.02%, respectively.

At press time, OpenSea’s trading volume has reached $2.6 billion this month, reflecting active user engagement while NFT valuations have plunged.

 

next

The post Opensea CEO Announces SEA Token Launch to Revive NFT Sector in Q1 2026 appeared first on Coinspeaker.

Market Opportunity
TokenFi Logo
TokenFi Price(TOKEN)
$0.00293
$0.00293$0.00293
-2.65%
USD
TokenFi (TOKEN) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact crypto.news@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

HOT MOMENTS: FOMC Statement Released Following the Fed Interest Rate Decision – Here Are All the Details of the Full Text

HOT MOMENTS: FOMC Statement Released Following the Fed Interest Rate Decision – Here Are All the Details of the Full Text

The post HOT MOMENTS: FOMC Statement Released Following the Fed Interest Rate Decision – Here Are All the Details of the Full Text appeared on BitcoinEthereumNews.com. The Fed has resumed interest rate cuts after a nine-month hiatus, lowering the federal funds rate by 25 basis points to a range of 4% to 4.25%. According to the “dot plot” projection reflected in the decision text, two additional interest rate cuts are envisaged in 2025. While 9 out of 19 officials expected two more interest rate cuts this year, 2 predicted a single cut, and 6 predicted no additional cuts. Newly appointed Fed Board member Stephen I. Miran dissented from the decision, voting for a stronger 50 basis point cut. The decision noted that economic growth slowed in the first half of the year, employment growth slowed, and the unemployment rate rose slightly. It also noted that inflation had begun to rise but remained high. While reiterating that it maintains its long-term targets of maximum employment and 2% inflation, the Fed noted that uncertainties regarding the economic outlook remain high. The statement read, “The Committee assesses that downside risks to employment have increased, in line with the balance of risks.” The statement stated that interest rate policy will be reshaped in the coming period, taking into account future data, the economic outlook, and the balance of risks. It also noted that the reduction in holdings of Treasury bonds, corporate debt instruments, and mortgage-backed securities will continue. The resolution was supported by Fed Chair Jerome Powell, Vice Chair John C. Williams, and board members Michael S. Barr, Michelle W. Bowman, Susan M. Collins, Lisa D. Cook, Austan D. Goolsbee, Philip N. Jefferson, Alberto G. Musalem, Jeffrey R. Schmid, and Christopher J. Waller. *This is not investment advice. Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data! Source: https://en.bitcoinsistemi.com/hot-moments-fomc-statement-released-following-the-fed-interest-rate-decision-here-are-all-the-details-of-the-full-text/
Share
BitcoinEthereumNews2025/09/18 14:18
Midnight is Predicted to Drop to $0.042605 By Mar 15, 2026

Midnight is Predicted to Drop to $0.042605 By Mar 15, 2026

The post Midnight is Predicted to Drop to $0.042605 By Mar 15, 2026 appeared on BitcoinEthereumNews.com. Disclaimer: This is not investment advice. The information
Share
BitcoinEthereumNews2026/03/10 22:10
Whale Already Holding Long Position Buys ETH, Price Spike?

Whale Already Holding Long Position Buys ETH, Price Spike?

A crypto whale has accumulated ETH by spending USDT. Another whale had earlier withdrawn BTC from platforms. Both actions have triggered speculation around the
Share
Thenewscrypto2026/03/10 18:59