Hank

Be like @opensea Early Success: > founded in 2017 on the thesis of being “Amazon/eBay of NFTs” > raise $2.1Mn based off this in 2019 > be early to catch the NFT boom in 2021 > raise more funds with 3 new rounds > generate billions in monthly trading volume and earn 2.5% from it > make as much as $2.7Bn trading volume in a day in 2022 > push your valuation to be as high as $13.3Bn in 2022 > make a bank from NFT projects and NFT buyers without giving them anything back > be adamant on dropping a token and/or rewarding users in 2021-2023 > make no improvements in UX and UI because you don’t need to as you’re the only legitimate NFT marketplace out there > be involved with insider trading scandal led by one of your ex-employees who’s now in jail > have your database exploited which led to emails & identities of your users to be divulged Competitive Era: > have your feet swept from the ground with the arrival of Blur > make no improvements on UX/UI to be more trader friendly similar to Blur despite users asking for it > do nothing as Blur introduced airdrop seasons that incentivized farming NFTs via bidding, listing, and wash trades > try to defend royalties for yourself and NFT projects by objecting to lowering platform fees to 0% and royalties to 0.5% similar to Blur > find yourself eventually giving in and following Blur’s fees > see yourself lose market leadership in NFTs to Blur in the height of farming season > watch Magic Eden transition from being a Solana NFT marketplace to being a multi-chain marketplace > see some top NFT projects like Yuga Labs partnering with Magic Eden instead because you didn’t defend royalties vs. Blur > watch Blur burn NFTs to ground by farming NFTs to death and launching their token $BLUR, then their L2, Blast > watch Magic Eden do the same formula as Blur by incentivizing trading volume as they launch their token, $ME > still be adamant about launching your own token despite your major competitors doing it OS2 Era: > tease that you’ll finally drop a token, $SEA, as early as Feb 2025 > launch OS2 in 2025 to cater to multi-chain NFTs > introduce token trading (aka memecoins and such) to also be tradable in OpenSea > lower platform fees to 0.5% similar to Blur before > improve UX and UI for traders by copying Blur’s UX and UI before > introduce gamified rewards via Voyages XP > announce that 50% of $SEA supply will go to the community and the way for them to get it is to stack XP via trading > announce in Oct 2025 that $SEA TGE will be in Q1 2026 > continue farming your users for a year by having 6 waves for $SEA campaign > make an online live event on Mar 30, 2026 and excite your followers about the next phase of OpenSea > break the news that $SEA will be delayed beyond Q1 2026 even before the Mar 30 event to manage expectations > offer refund of trading fees from waves 3-6 to deal with the user frustrations but only offer waves 3-6 because these are peanuts compared to waves 1-2 Be early. Be complacent. Be stubborn. Be a copycat. Be late. Be delayed. Be disappointing. Be like OpenSea.

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.

bro just pulled a $8,500 card 😭🙏 @collector_crypt