OpenSea CEO Devin Finzer unveiled plans to launch SEA token in Q1 2026, aiming to reignite NFT market growth. The post Opensea CEO Announces SEA Token Launch to Revive NFT Sector in Q1 2026 appeared first on Coinspeaker.OpenSea CEO Devin Finzer unveiled plans to launch SEA token in Q1 2026, aiming to reignite NFT market growth. The post Opensea CEO Announces SEA Token Launch to Revive NFT Sector in Q1 2026 appeared first on Coinspeaker.

Opensea CEO Announces SEA Token Launch to Revive NFT Sector in Q1 2026

2025/10/19 01:09
2 min read

On Friday, October 17, CEO Devin Finzer announced via X that Opensea will launch a native token, SEA, in Q1 2026, transitioning from an NFT marketplace to a full-suite on-chain trading platform.

In an X space attended by 11,100 users, Finzer outlined OpenSea’s plans for a unified on-chain economy, enabling seamless trading of tokens, art, culture, and digital goods across multiple chains without compromising asset custody.

According to Finzer, 50% of the total SEA token supply is allocated to the community. Early users and participants in OpenSea’s reward programs will receive significant claim allocations.

Further details confirm that 50% of OpenSea’s launch revenue will be used to purchase SEA tokens. Additionally, $SEA holders will be able to stake their tokens behind favorite NFT collections and assets, embedding governance and utility into OpenSea’s core interface.

He added that OpenSea’s mobile app is already in the works, offering full access to on-chain trading, while perpetual trading (perps) and cross-chain abstraction features are under development ahead of the Q1 2026 launch.

SEA Token Launch Aims to Revitalize NFT Sector Amid $5.2 Billion Market Decline

OpenSea’s SEA token announcement arrives as the global NFT market faces a severe contraction in the last 4 years. According to CoinGecko data, total NFT market capitalization dropped to $5.2 billion as of October 18, a stark contrast to the $25 billion peak NFTs sales in 2021, as reported by Reuters.

CryptoPunks remains the dominant collection, commanding 33.6% market share, while Bored Ape Yacht Club (BAYC) and Pudgy Penguins make up the top three, with 6.02% and 5.02%, respectively.

At press time, OpenSea’s trading volume has reached $2.6 billion this month, reflecting active user engagement while NFT valuations have plunged.

 

next

The post Opensea CEO Announces SEA Token Launch to Revive NFT Sector in Q1 2026 appeared first on Coinspeaker.

Market Opportunity
TokenFi Logo
TokenFi Price(TOKEN)
$0.003283
$0.003283$0.003283
-1.02%
USD
TokenFi (TOKEN) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

USD Sentiment Turns Bearish, Stablecoins and Crypto Could Be Affected

USD Sentiment Turns Bearish, Stablecoins and Crypto Could Be Affected

Institutional investors are showing unprecedented pessimism toward the US Dollar, signaling a potential shift in global currency markets.  According to a recen
Share
Coinstats2026/02/19 05:08
3 Paradoxes of Altcoin Season in September

3 Paradoxes of Altcoin Season in September

The post 3 Paradoxes of Altcoin Season in September appeared on BitcoinEthereumNews.com. Analyses and data indicate that the crypto market is experiencing its most active altcoin season since early 2025, with many altcoins outperforming Bitcoin. However, behind this excitement lies a paradox. Most retail investors remain uneasy as their portfolios show little to no profit. This article outlines the main reasons behind this situation. Altcoin Market Cap Rises but Dominance Shrinks Sponsored TradingView data shows that the TOTAL3 market cap (excluding BTC and ETH) reached a new high of over $1.1 trillion in September. Yet the share of OTHERS (excluding the top 10) has declined since 2022, now standing at just 8%. OTHERS Dominance And TOTAL3 Capitalization. Source: TradingView. In past cycles, such as 2017 and 2021, TOTAL3 and OTHERS.D rose together. That trend reflected capital flowing not only into large-cap altcoins but also into mid-cap and low-cap ones. The current divergence shows that capital is concentrated in stablecoins and a handful of top-10 altcoins such as SOL, XRP, BNB, DOG, HYPE, and LINK. Smaller altcoins receive far less liquidity, making it hard for their prices to return to levels where investors previously bought. This creates a situation where only a few win while most face losses. Retail investors also tend to diversify across many coins instead of adding size to top altcoins. That explains why many portfolios remain stagnant despite a broader market rally. Sponsored “Position sizing is everything. Many people hold 25–30 tokens at once. A 100x on a token that makes up only 1% of your portfolio won’t meaningfully change your life. It’s better to make a few high-conviction bets than to overdiversify,” analyst The DeFi Investor said. Altcoin Index Surges but Investor Sentiment Remains Cautious The Altcoin Season Index from Blockchain Center now stands at 80 points. This indicates that over 80% of the top 50 altcoins outperformed…
Share
BitcoinEthereumNews2025/09/18 01:43
Lumifi Announces Strategic Partnership with Vizient to Strengthen Cybersecurity for Healthcare Organizations

Lumifi Announces Strategic Partnership with Vizient to Strengthen Cybersecurity for Healthcare Organizations

SCOTTSDALE, Ariz.–(BUSINESS WIRE)–Lumifi, a leading provider of comprehensive cybersecurity solutions, is proud to announce its new partnership with Vizient, the
Share
AI Journal2026/02/19 06:31