Opensea will launch its native token, SEA, in Q1 2026, transitioning to a full-suite on-chain trading platform, CEO Devin Finzer announced. The token will enable seamless trading of tokens, art, culture, and digital goods across multiple chains. 50% of the total SEA token supply is allocated to the community, with early users and participants receiving significant claim allocations. 50% of OpenSea’s launch revenue will be used to purchase SEA tokens. Users will be able to stake their tokens behind favorite NFT collections and assets for governance and utility. OpenSea’s mobile app is in development for full access to on-chain trading, with features like perpetual trading and cross-chain abstraction coming ahead of the launch. The announcement comes as the global NFT market sees a severe contraction, with total market capitalization dropping to $5.2 billion from a $25 billion peak in 2021. CryptoPunks remains the dominant collection, followed by Bored Ape Yacht Club and Pudgy Penguins. OpenSea’s trading volume has reached $2.6 billion this month, reflecting active user engagement despite NFT valuation drops.

Read more at Yahoo Finance: Opensea CEO Announces SEA Token Launch to Revive NFT Sector in Q1 2026