ChainCatcher reports that OpenSea CEO Devin Finzer posted an update regarding SEA: "The team has been working at full speed on development, originally planning to launch the first step at the March 30th event, but the OpenSea Foundation has decided to postpone the timeline. The reality is that the current crypto market environment is quite challenging, and SEA will only be released once. We can either force a release as originally planned or ensure all aspects are fully prepared to make this release worthy of the community's expectations. The following measures will be taken:"
No new reward waves will be launched; the current reward wave will be the last. A platform fee refund is available: Given our initial commitment to launch in Q1, we will offer a platform fee refund (only the portion we collect) to users who participated in reward waves 3–6. If you choose to receive a refund, the Treasures rewards earned during that period will be removed from your account. If you receive a refund and combine it with Treasure Chest rewards, it's essentially equivalent to us covering the trading fees for that period. Specific procedures will be announced later.
Existing Treasures remain valid: If users continue to hold Treasures, the Foundation's previous commitments remain in effect and will be a significant reference during TGE. This is independent of token allocations from historical events. Starting March 31st, OpenSea will reduce platform token trading fees to 0% for 60 days. After 60 days, we will introduce a new fee structure to make fees more competitive for long-term traders. Last year, we announced our plans too early, causing unnecessary uncertainty in the market. Therefore, when the Foundation announces a new timeline, it will be more explicit and deliberate.
