Patᵏᴵᵏᶻ

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.

another crazy week at opensea. team’s really been shipping — p&l, visual portfolios, chart zooming, purchase annotations, and early mobile alpha testers onboarded! plus we did over $250M in token trading volume (completely separate from NFTs) yesterday alone, which is now driving hundreds of thousands of dollars daily into our rewards pool 💪 appreciate everyone who's been sending feedback. keep it coming. quick rewards timing update. on Oct 15 your wave 1 rewards progress will lock and treasure chests will be prepared for opening. it will take our team a few days to ensure the prize pool is distributed fairly and accurately. our goal is to allow you to open your chests and claim what's inside by Oct 17. 100% of the current $9 million (and growing) rewards pool will be distributed in your wave 1 treasure chests! once progress is locked on Oct 15, you'll see your final wave 1 chest in a "pending open" state. you'll also receive a new Starter Treasure Chest for wave 2, which will run from Oct 15 - Nov 15. 50% of our platform fees will continue to fund a brand new wave 2 rewards pool of tokens and NFTs. for any collections where we've purchased 11 or more NFTs in wave 1, OpenSea will be placing WETH offer liquidity behind them before distribution. any NFTs acquired via accepted offers will be placed into the wave 2 rewards pool. lastly, the Foundation will be providing their aforementioned update re: TGE late next week. onward and upward 🌊