seeing a lot of chatter re: what opensea should be building vs. not building.
our goal isn't for opensea to simply be the best place to trade NFTs. it's to be the best non-custodial place to trade anything onchain. so let me address both hot topics directly.
re: RWAs, they're an extremely exciting use case for blockchain and NFTs. i talked about them on a half dozen interviews at Consensys just a few weeks ago. we are building and innovating on this front, and will have progress to share soon. trust me, as an avid pokemon collector this is something i'm particularly excited about.
on perps, it's early, but this has been one of the stickiest products we've ever rolled out in beta. people love it without farming or incentives, and the data shows that. if we want to be a place where everyone can trade anything onchain, we need perps too. the next million users of crypto will expect it as tablestakes alongside everything else.
today, you can come to opensea and connect all of your wallets across 26 blockchains and see a consolidated portfolio of all your assets; major crypto, nfts, tokens/memecoins. and you can trade all of these seamlessly without worrying about what chain your on or how you want to pay. this is the foundation and rails for what comes next.
the onchain future is going to be vast and vibrant, and we're preparing for all aspects of it. perps vs. RWAs isn't an either/or decision. both (and more) are part of the vision.
an update on $SEA.
the team has been building at full speed, and the foundation had planned to kick off the first steps as part of our march 30th event. but @openseafdn is pushing back the timeline.
a delay is a delay. i’m not going to dress it up, and i know how it lands.
the reality is that market conditions are challenging across crypto right now, and $SEA only launches once. @openseafdn could force the original date, or we could ensure every piece is in place and make this moment what this community deserves.
we gave a tremendous amount of thought to how to do right here. I’m thankful to @HollanderAdam for bringing the community’s voice into every conversation. we’ll be doing the following:
no more waves: the current rewards wave will be our last.
optional fee refund: recognizing that we originally committed to a Q1 date, we’re offering refunds of the platform fees we retained while participating in the rewards waves (3 - 6) that followed our timing announcement. if you like, you can receive a refund of those fees, which when combined with treasure chest prizes, essentially means all of your trading during that period was on us. if you opt for a refund, the Treasures you were awarded during these waves will be removed from your account. details on this process will follow.
honoring existing Treasures: for Treasures you continue to hold, our prior commitment stands: they will be meaningfully considered by the Foundation at TGE. this is independent from allocations for historical activity.
0% fees for 60 days: starting on march 31st, opensea will reduce our own token trading fees to 0%. we want to make it a no-brainer for everyone to experience our new platform: cross-chain token trading, mobile app, perps and more. after this 60 day period, we will put a new system in place that makes fees significantly more competitive for anyone trading consistently on opensea.
product updates: while we’re postponing our march 30th event, we’ll host a separate one in the coming months focused on product updates. it’s been incredible to see the early responses to our mobile app, and we can’t wait to get it into more people’s hands.
so if not now, wen?
when we announced last year, it was too early. that created unnecessary uncertainty and reactivity. so when the Foundation sets a new timeline, it will be deliberate and specific.
here’s why i’m confident that’s the right move:
i’ve been building opensea for almost a decade. when this started, we were two people and the only thing you could trade on OS was cryptokitties. i’ve watched this space go from a niche curiosity to billions in volume to where we are today.
the thing that’s carried us through every cycle was a willingness to make hard calls when it mattered. when our market crashed, we rebuilt from zero: an entirely new stack, a new product, and a new team culture. that hurt in the short term. but today OS2 is undeniably the strongest marketplace offering, and it’s the foundation everything sits on.
we have huge ambitions as a company, and we’re here for the long game. making all of non-custodial crypto delightful on mobile is just the beginning. that means we have to set a very high bar for everything we do, and it’s why i’m so protective of delivering a launch that’s worthy of this community and everything we’re putting into this.
📢 Why #BoycottBinance Alpha?
1/ Binance Alpha is facing serious backlash. The hashtag #BoycottBinanceAlpha is trending and here’s why the crypto community is speaking up. 👇
2/ Alpha hypes up new projects, but the real winners are whales. Early supporters and testnet users? They get barely anything. It’s unfair—and people are losing trust.
#StopBinanceAlpha
3/ Over 41% of Alpha tokens dump right after launch. Are these quality projects or just paid listings? This damages the image of real builders and the space as a whole.
4/ Projects, take note:
Joining Alpha might give you a short-term boost, but it can hurt your community. Bad airdrops and broken promises leave users angry and disappointed. Be transparent.
5/ And Binance? Still silent.
No fixes to token distribution. No apology. Nothing. If they want Alpha to survive, they need to put fairness first.
6/ It’s time to speak up.
Join the movement.
#BoycottBinanceAlpha
Builders like @ikadotxyz are already avoiding Alpha—and others should too.
Crypto grows with trust, not greed.
#StopBinanceAlpha #BoycottBinanceAlpha
🚨ACS Points Alert🚨
Earn fresh ACS points with the latest drop from @SonovaNFT on @soneium — featuring The Seven Deadly Sins in partnership with @AstarNetwork and @YOAKEPROTOCOL!
💎 50% of the ACS allocation is reserved for wallets that traded The Seven Deadly Sins Anime Series on Sonova.
Grab the MASTERPIECE to maximize your ACS rewards! 🌅
The future of fandom is onchain, with our partners @Soneium
and @OpenSea, we’re proving it! 👑
5 iconic collections.
47,681 total mints.
242+ ETH in trading volume.
3441 Masterpiece NFTs distributed.
Masterpiece NFT by @YOAKEPROTOCOL 🎨
🖼️If you held all 5 NFTs from YOAKE’s Seven Deadly Sins anime series, check your wallet — they airdropped a Masterpiece NFT to eligible holders.
🔥I managed to get 4 Masterpiece NFTs.
📊Let’s do the math:
🔹Each mint cost 0.002 ETH, so collecting all 5 = 0.01 ETH total.
🔹You still own the 5 original NFTs, but their value dropped after the snapshot and Masterpiece airdrop — they’re now worth about 0.0023 ETH combined.
🔹The Masterpiece NFT is trading around 0.018 ETH.
🧠 Total current value: ~0.0203 ETH
💰 Total spent: 0.01 ETH
📈 You’re up ~2x from mint.
🪂Masterpiece NFT grants you a share in the upcoming $YOAKE token airdrop.
🎯I’m not selling mine right now, but if it hits 0.04 ETH+, I might let 1 or 2 go.
@sota_yoake I currently hold 7 NFTs from Drop 2. Due to personal and time limitations, I couldn't complete the full set. I truly hope holders like us are still valued. We deeply believe in Yoake — I genuinely love this anime. Thank you for everything. ❤️
@sota_yoake Sir, I currently hold only Drop 2 NFTs in my wallet. Could you please clarify whether only the Masterpiece NFTs will have value in the future, or if other drop NFTs will also carry significance? We would really appreciate more detailed information.