OpenSea has officially announced that its SEA token will launch in the first quarter of 2026, marking a significant step in its transition from a traditional NFT marketplace to a multi-chain trading platform for digital and tokenized assets.

According to CEO Devin Finzer, 50% of the total SEA supply will be allocated to the community, particularly active users and participants in OpenSea’s rewards programs. Eligible users will receive SEA distributions through an airdrop system.

This story is an excerpt from the Unchained Daily newsletter.

At launch, OpenSea will allocate 50% of its platform revenue toward buying back SEA tokens from the market — a buyback plan that positions SEA as a utility token with economic mechanisms tied directly to OpenSea’s trading activity.

OpenSea reported $2.6 billion in trading volume for October 2025, with more than 90% of transactions coming from token trading rather than NFTs.