I can confidently tell you that OpenSea are doing their best to make this upcoming airdrop worth it for everyone.
They acknowledge all feedback and are proactively building the airdrop around the community.
Credit where credit is due, they owe you nothing.
@opensea Official Update โ TL;DR
โ Bad news
$SEA TGE has been pushed to Q1 2026.
โ Good news
50% of total supply goes to the community โ half unlocked at TGE
50% of platform revenue will be used for ongoing $SEA buybacks
#OpenSea#SEA#Crypto#Web3
OpenSea crossed $2.6B in trading volume this month, with over 90% from token trading.
This is just the beginning of our transformation, from โNFT marketplaceโ to โtrade everything.โ
NFTs were chapter one for us. In 2021, OpenSea brought the first wave of everyday internet users onchain. Collectors, artists, gamers, musicians โ people who had never opened a wallet โ showed up on OpenSea and suddenly owned digital property.
The sequel is the destination for the onchain economy in its entirety. Trade everything. Tokens, culture, art, ideas, the digital and the physical. And all in one place that feels like a home, not a bank.
Building that product is in our DNA. You shouldnโt have to use a CEX and give up custody of your assets. But you also shouldn't need to navigate a maze of chains, bridges, wallets, and protocols in order to use onchain liquidity, wondering whether your balance is on Solana, an Ethereum L2, or somewhere else.
You should just be able to trade everything in one place, seamlessly.
And that brings me to $SEA, from the OpenSea Foundation.
Integrating $SEA into OpenSea will be the opportunity to show the world our vision. It will shine a spotlight on everything weโre building.
So we need to make damn sure that what weโve built deserves that spotlight โ not just for us, but for every holder who believes in what crypto can become. $SEA is not being created to be launched and forgotten.
Today, the Foundation and OpenSea are jointly announcing a few updates:
- Timing. $SEA is coming in Q1 2026.
- Distribution. The Foundation has confirmed that 50% of supply will be allocated to the community, with more than half awarded via an initial claim. Both OGs and those who participated in OpenSea rewards programs will be meaningfully considered, separately.
- Tokenomics. 50% of revenue at launch will be used to purchase $SEA.
- Utility. $SEA will be deeply integrated with OpenSea, including the ability to stake $SEA behind your favorite tokens and collections.
$SEA isn't the destination, but it's a crucial moment everyone will be watching. You only get one TGE. While the Foundation is wrapping up the final details, weโre getting OpenSea ready.
Between now and Q1, we're shipping the features that bring our vision to life. Mobile is now in closed alpha, and will put the entire onchain economy in your pocket. Perps will be coming to OpenSea. True cross-chain abstraction on its way.
Iโll be hopping on an X space at 4pm ET to talk about our vision. The best way to predict the future is to build it together.
Sails up.
After claiming all @opensea Treasures, Season 1 ends with only one left in sight.
Maybe Season 2 is the final chapter โ TGE coming late Nov or early Dec?
Excited already๐
a reminder that every chest will contain a Treasure, which will be meaningfully considered by the Foundation at TGE.
this is in addition to any prizes one might receive from the rewards pool.
also, as weโve shared many times before, historical volume will be rewarded by the Foundation at TGE and is completely separate from our rewards programs.
if youโre an OG and have used OpenSea for years, we see and appreciate you. and if youโre actively using our improved platform today, we also see and appreciate you.
re: TGE, as I posted a few days ago, the Foundation will be sharing more details later this week.
lastly, our team is working tirelessly to allow each of you open your Wave 1 chests. the entire rewards engineering staff was online past 1am last night preparing. still some work to do but we're close! ๐ค
โDaniel in the Lionโs Denโ by Briton Riviรจre (1872, Public Domain)
Daniel feared nothing, for his faith transcended pain.
May we, too, endure today in the same faith.
(1)
Finally hit 10,000 points on @opensea Voyages!
Started on May 30, so itโs been nearly 3 months.
howโs everyone keeping up so far?
During this time, Iโve followed @opensea daily without missing a beat, and Iโd like to share 3 key takeaways.