OpenSea Announces Delay in SEA Token Release, New Release Date Not Yet Announced

Mars Finance News: On March 17, OpenSea CEO Devin Finzer announced, “Latest update on SEA: The team has been working tirelessly on development. The original plan was to launch the first phase during the March 30 event, but the OpenSea Foundation has decided to postpone the schedule. The reality is that the entire crypto market environment is currently challenging, and SEA will only be issued once. We can choose to release as planned or ensure all preparations are complete so that this launch lives up to the community’s expectations. The following measures will be taken: No new reward waves will be conducted; the current reward wave will be the final one. Users may opt for a refund of platform fees: Since we initially promised to launch in Q1, we will refund platform fees (only the portion we collect) to users participating in reward waves 3–6. If a refund is chosen, the corresponding Treasure rewards will be removed from accounts. Combining refunds with Treasure Chest rewards essentially means we will cover the transaction fees during this period. The specific process will be announced later. Existing Treasures remain valid: If users continue to hold Treasures, the Foundation’s previous commitment still stands: they will be an important reference at TGE. This is independent of token distribution from past events. Starting March 31, OpenSea will reduce platform token trading fees to 0% for 60 days. After 60 days, we will introduce a new fee system to make costs more competitive for long-term traders. Last year, we announced plans prematurely, causing unnecessary market uncertainty. Therefore, when the Foundation announces a new schedule, it will be more precise and cautious.”