@dfinzer @openseafdn Disappointed, what a joke of a company… had ample time to airdrop over the last 5-6 years. Guess you want to launch your perp dex and farm more fees before tge, let’s be honest
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Semy
5.5K posts
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.
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You get an opportunity to TGE at 120k BTC and u announce waves and now you refund the fees so you incur a loss
The 5D chess is unreal, greed is really a horrifying thing
dfinzer.eth | opensea@dfinzer
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.
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$POWER End of saga.. squeeze done.. Alright let's see the liquidations..
DoubleEdge@Double2edge
Let’s talk about $POWER. Biggest exchange scam lately. ~$200M MC ~$973M FDV $600M+ Binance futures volume (24h) Perps trading 3x MC. Deep negative funding across venues. Pure derivatives-driven price discovery. Spot barely matters. Crowded leverage game. Ride down soon? 👇👇
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@Double2edge that controlled supply really scamming the coin up, where you thinking it tops out ?
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Another one, almost $1M shorts liquidated on #Bybit.
Ngl $POWER just got one more in there.
Right now we’re talking about a $1B FDV project with “strong fundamentals” killing everyone in the books.
DoubleEdge@Double2edge
$POWER this is it. Fuck #orderflow. Forget the cartel stuff. Back to basics, triple top. (After I hit post, new ATH loading. I don’t make the rules.)
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1/3rd of the long $PIPPIN position has now been derisked just through funding payments
VIKTOR@thedefivillain
"oh shit, here we go again" vibes on $PIPPIN Usually when a scam coin tops, all bids disappear and it crashes hard in a few hours or days. So conversely if it doesn't collapse, then it likely means it's not topped yet. I've been longing PIPPIN again very quickly after its Dec 24 squeeze, when I saw that the price was stabilizing. The thesis is actually the exact same as before the squeeze: one entity has cornered the supply and its job is not done as long as we're not seeing a gigantic wave of liquidations. (I don't size up on these coins because I've already seen so many of them go to zero completely randomly...)
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"oh shit, here we go again" vibes on $PIPPIN
Usually when a scam coin tops, all bids disappear and it crashes hard in a few hours or days.
So conversely if it doesn't collapse, then it likely means it's not topped yet.
I've been longing PIPPIN again very quickly after its Dec 24 squeeze, when I saw that the price was stabilizing.
The thesis is actually the exact same as before the squeeze: one entity has cornered the supply and its job is not done as long as we're not seeing a gigantic wave of liquidations.
(I don't size up on these coins because I've already seen so many of them go to zero completely randomly...)
VIKTOR@thedefivillain
Closed my $PIPPIN long on that squeeze
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@MomoOnChain None of the big holding wallets have sold yet though. Funding has cooled right off think this squeezes again
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@Semtize They sold from like 50-60 wallets simultaneously (10-20k each)
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Still got up to a month to go $pippin
MomoCrypto@MomoOnChain
Tops before end Jan, pips a lot higher before then.
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@MomoOnChain which wallets? trying to track them but cant see any big sells
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Ok they actually selling from public wallets now. Am out. Can’t play it when they’ve changed their method. Good trade anyway.
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@HollanderAdam Alls you do is take steps back and steps back. Stop delaying shit, this airdrop should’ve happened years ago and you still continue to stretch it out. Drop the token, give the community what they want, then continue to build from there with the community by your side.
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seeing people dig up takes from 2 years ago to try and dunk on me this am - never change crypto twitter 😅
thing is y’all aren’t even making the point you think you are lol
our rewards program at os was designed specifically to disincentivize inorganic nft trading. yes, you can participate by trading nfts. but trading tokens is (a) cheaper re: fees, (b) provides far more liquidity and (c) yields the same result in our program dollar for for dollar.
there’s simply no reason for someone to wash trade nfts in our program - they’d be paying more money, taking more risk, and putting in more effort, than the far easier alternative. we included nfts as a way to earn points because anyone who’s trading them on os should be rewarded. but they were incorporated thoughtfully with the past specifically in mind.
we are taking a step back based on everyone’s feedback to think about how to improve the program moving forward.
have a nice weekend y’all 😉
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@dfinzer You truly stuffed this one up. Q1 2026 and we know it’s going to be the end of March is too far away. I get it you want to farm users and dilute rewards as much as possible with your new perp dex but this is not it.
lost faith in you guys now, you had an opportunity and blew it.
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OpenSea crossed $2.6B in trading volume this month, with over 90% from token trading.
This is just the beginning of our transformation, from “NFT marketplace” to “trade everything.”
NFTs were chapter one for us. In 2021, OpenSea brought the first wave of everyday internet users onchain. Collectors, artists, gamers, musicians — people who had never opened a wallet — 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 shouldn’t 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 we’re building.
So we need to make damn sure that what we’ve built deserves that spotlight — 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, we’re 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.
I’ll 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.
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