OpenSea Hints at Plans to Launch SEA Token in Q1 2026

OpenSea, a renowned Non-fungible Token (NFT) marketplace, has set out to launch its native SEA token in Q1 2026. The platform’s CEO Devin Finzer announced the news, stating that 50% of the total supply will go to OpenSea’s community. This comes as the NFT trading site transitions into a multi-chain trading hub and perpetual futures protocol.

OpenSea’s SEA Token Tokenomics Remain Unknown 

On Friday, OpenSea CEO Devin Finzer and OpenSea Foundation took to X to jointly announce that the long-awaited SEA token is coming in the first quarter of next year. 

OG users and participants in the current rewards program will receive 50% of the token’s total supply. In addition, over 50% of this allocation will be distributed during the token’s initial claim period. 

Apart from these few details, not much is known about how allocations will be determined. OpenSea did not disclose how the percentage of revenue going to buybacks would be determined. 

It stated that 50% of the platform’s revenue will be channeled into token buybacks “at launch.” It is also worth noting that the exact total supply of the token is not known.

OpenSea Pivots as NFT Market Suffers

OpenSea has always been a top shot in the digital collectibles sector. Back in early 2022, it comprised almost 97% of all NFT trading on the Ethereum network. However, its fame began to dwindle as the NFT market faced some challenges in mid-2024. It was only a matter of time before its shares dropped significantly. 

Just before the end of H1 2025, OpenSea’s market share went back over 51%. Still, the platform decided that it was time to pivot from an NFT marketplace to a multi-chain trading hub. For future endeavours, the platform is looking to support perpetual futures contracts (‘perps’).

NFT Market Sufferings Cool Off

Significantly, the NFT market has recorded a rebound with massive sales returning to several platforms. 

In August, DappRadar reported that $6.5 million was traded across the metaverse. Analyst Sara suggested that users were “slowly sneaking back into virtual worlds” like Sandbox, Mocaverse, Otherside, and Decentraland. 

DX Terminal and Pudgy Penguins are two of the NFTs that have continued to give the niche a facelift.