Odaily Odaily reports that NFT trading platform OpenSea has announced a postponement of its highly anticipated SEA token launch. OpenSea CEO Devin Finzer stated on social media on Monday that the Token Generation Event (TGE), originally scheduled for the first quarter of 2026, will be delayed, but a new launch date has not yet been announced.
Finzer stated that the team has been working diligently on the project, originally planning to launch the release process at the March 30th event, but the OpenSea Foundation decided to postpone the schedule. He frankly admitted, "A delay is a delay, and we won't gloss over that. The current crypto market environment is challenging, and SEA will only be released once. We want to launch it only after all preparations are fully in place."
Last October, OpenSea disclosed its SEA token plan, stating that 50% of the token supply would be allocated to the community, including early adopters (OG users) and users participating in the platform's rewards program. Finzer also revealed that the ongoing rewards program will be the final round.
As previously planned, OpenSea also intended to use 50% of its platform revenue for token buybacks upon token launch and allow users to support their favorite NFT projects and series by staking SEA.
