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OpenSea Foundation Delays Token Launch, Again
OpenSea is also ending its rewards campaign, offering fee refunds, and cutting token swap fees to 0% beginning March 31.
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According to OpenSea CEO Devin Finzer, the popular NFT marketplace will delay the launch of its highly anticipated SEA token, citing tough market conditions and a desire to get the rollout right.
What's the Scoop?
- Token Delay: Devin Finzer has confirmed the launch of OpenSea's SEA token will be delayed beyond the platform's Q1 TGE timeline. The delay has been attributed to "challenging" crypto market conditions and the desire to ensure a strong launch.
- Reward Campaign Ends: OpenSea's current "Treasure" rewards wave will be its last. According to Finzer, users can continue to hold Treasure, and their accumulated rewards, "will be meaningfully considered by the [OpenSea] Foundation at TGE."
- Fee Refund: In recognition of broken promise, Finzer says OpenSea will offer optional fee refunds to all users who participated in reward waves 3 to 6, following his previous TGE timing announcement, published in October. Additionally, starting March 31, OpenSea will reduce token trading fees to 0%.
an update on $SEA.
— dfinzer.eth | opensea (@dfinzer) March 16, 2026
the team has been building at full speed, and the foundation had planned to kick off the first steps as part of our march 30th event. but @openseafdn is pushing back the timeline.
a delay is a delay. i’m not going to dress it up, and i know how it lands.
the…