OpenSea sets SEA token launch for Q1 2026, with 50% of revenue at launch earmarked for buybacks
OpenSea announced its SEA token launch for Q1 2026, allocating 50% of initial supply to the community and dedicating 50% of launch revenue to buybacks.Summary
OpenSea CEO Devin Finzer announced that the platform's SEA token will launch in the first quarter of 2026, coinciding with OpenSea's transformation into a multi-chain trading hub and perpetual futures protocol. Fifty percent of the total token supply is earmarked for the community, specifically OG users and participants in the current rewards program, with a significant portion awarded during the initial claim period. Furthermore, 50% of the platform's revenue at launch will be used for token buybacks, and users will be able to stake SEA tokens. OpenSea has not yet disclosed the total token supply or detailed how revenue buyback percentages will be determined. This move supports OpenSea's pivot, which has seen its best volume month in three years in October, as it expands to support perpetual futures contracts and prepares for a mobile app launch.
(Source：The Block)