OpenSea postpones SEA token launch; new date not yet announced.
PANews reported on March 17th that, according to The Block, OpenSea CEO Devin Finzer announced that the SEA token launch, originally scheduled for the first quarter, will be postponed, without providing a new timeline. Finzer stated that the team has been working diligently on development, and the foundation originally planned to launch the process at an event on March 30th, but decided to postpone it. He acknowledged the challenging conditions in the current crypto market and emphasized that SEA only has one chance to launch, and rather than forcing it to proceed on the original date, it's better to ensure everything is ready.
Last October, OpenSea announced its SEA token issuance plan, with 50% of the supply to be allocated to the community. Finzer also stated that the current rewards program will be the final round. OpenSea is transitioning from an NFT marketplace to a multi-chain trading hub and perpetual contract protocol.
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