The post OpenSea to debut a fungible token and reward OG users appeared on BitcoinEthereumNews.com.

Devin Finzer announced that OpenSea’s native token, with ticker SEA, will launch during the first quarter of 2026. The founder added that 50% of the token supply will be given to OG users while sharing minimal tokenomics details. OpenSea is transforming into a full trading platform that will include both fungible and non-fungible tokens. “This is just the beginning of our transformation, from ‘NFT marketplace’ to ‘trade everything,’” said Finzer on X. He further added that the wave of non-fungible tokens (NFTs) in 2021 was just the first chapter in OpenSea’s journey, which brought a ton of artists, musicians, gamers, and collectors on-chain. OpenSea to reward OG users Finzer said that 50% of SEA tokens will be given to the platform’s supporters, mainly OG users and participants in the ongoing rewards program. In the joint announcement with the OpenSea Foundation, Finzer explained, “The Foundation has confirmed that 50% of supply will be allocated to the community, with more than half awarded via an initial claim. Both OGs and those who participated in OpenSea rewards programs will be meaningfully considered, separately.” Moreover, half of the revenue collected during SEA’s launch will be used for token buyback. The SEA token will power the newly transformed OpenSea platform. Users can stake SEA to support their favorite token or NFT collectibles. The OpenSea Foundation has been teasing the SEA token since February. However, OpenSea did not disclose more details about the token, such as the total supply and other tokenomics details. OpenSea crossed $2.6B in trading volume this month, with over 90% from token trading. This is just the beginning of our transformation, from “NFT marketplace” to “trade everything.” NFTs were chapter one for us. In 2021, OpenSea brought the first wave of everyday internet users… — dfinzer.eth | opensea (@dfinzer) October 17, 2025…

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Filed under: News - @ October 18, 2025 8:26 pm