The heavyweight champion of the NFT sector is gearing up to launch its very own token called SEA.
This isn’t just any token, it’s designed to reward users based on their historical engagement with the platform, not just their latest activity.
Veteran users assemble
In the same time comes OpenSea’s major overhaul, dubbed OS2. OpenSea’s announcement came from the OpenSea Foundation on February 13, although they’re keeping us in suspense about the exact launch date.
$SEA is coming.
Here are a few things to know:
• Historical OpenSea usage, not just recent activity, will be an important ingredient
• Claim process will be simple and accessible. US users welcome
• We’re focused on long-term sustainability and supporting a healthy, enduring… pic.twitter.com/K8DsLZBROs— OpenSea Foundation (@openseafdn) February 13, 2025
What we do know is that SEA will be available in various countries, including the USA.
The way tokens are allocated will depend on how engaged users have been historically, so if you’ve been around since the early days, you might just hit the jackpot.
Making crypto great again
This launch is aligned with the shifting regulatory winds in the U.S., especially with President Trump at the helm.
Since his inauguration, he’s been all about making America the world’s crypto capital, appointing industry-friendly experts to key financial positions.
OpenSea has had its fair share of legal drama lately, facing questions about whether NFTs traded on its platform are considered unregistered securities. And let’s be real, fungible tokens like SEA usually face even tougher scrutiny.
While OpenSea is still under investigation, the changes in regulatory leadership might mean a lighter touch on enforcement for crypto companies.
System upgrade
The SEA token rollout is part of OpenSea’s OS2 revamp, which CEO Devin Finzer describes as a brand new OpenSea built from the ground up.
A lot is changing at @opensea:
• We're rolling out OS2 — a brand new OpenSea built from the ground up. NFTs 🤝 tokens.
• $SEA is coming from @openseafdn
• We're changing policies that didn’t make sense for web3: re-enabling locked items and delisted collections, and removing… https://t.co/RMeu2TQFMC— dfinzer.eth | opensea (@dfinzer) February 13, 2025
With operations now spanning over ten blockchain networks and nearly $1 billion in fee revenue since 2017, the goal is to improve user experience and decentralization.
With locked items being restored and bans lifted, it looks like OpenSea is ready for a fresh start that prioritizes its users.
