OpenSea previews the official TGE in Q1 next year: 50% $SEA will be allocated to the community, and 50% of platform revenue will be used to repurchase tokens..
NFT trading market OpenSea announced that it will conduct a token generation event (TGE) in the first quarter of 2026 (Q1) and launch its native token $SEA. What are the highlights so far?
(Preliminary information: OpenSea is about to launch the token TGE, is $SEA worth participating?)
(Background supplement: OpenSea announced the launch of the "NFT Reserve Treasury", buying CryptoPunk #5273 to protect digital asset culture)
NFT trading market OpenSea CEO Devin Finzer issued a document through the X platform last week, officially announcing that OpenSea will launch in 2026 In the first quarter of the year (Q1), a token generation event (TGE) was held to launch its native token $SEA. This is the latest development since OpenSea first revealed its currency issuance plan in February 2025.
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…
— dfinzer.eth | opensea (@dfinzer) October 17, 2025
Two core highlights: community distribution and token repurchase
According to the OpenSea announcement, the official target for $SEA The token has launched two key designs:
First, 50% of the total supply will be allocated directly to the OpenSea community, including early users (OG users) and members participating in the current reward program. Among them, more than half of the community shares will be issued during the initial application period. Token allocation will consider the historical contribution of OG users and the activity of reward participants respectively. No identity verification is required, and American users can also participate.
Secondly, the official stated that 50% of its platform revenue will be used for $SEA token repurchase during the issuance to support the value of the token. Officials said the mechanism is expected to create sustained buying power.
Currently, OpenSea has not announced the total supply of $SEA tokens or detailed distribution methods, but emphasized that $SEA will be deeply embedded in platform functions, including mobile applications and cross-chain transactions.
Transforming a multi-chain trading center: Perpetual futures are about to be launched
OpenSea added that this currency announcement comes at a time when OpenSea is accelerating its transformation. Officials pointed out that the platform is transforming from a traditional NFT market into a multi-chain trading center. This month’s transaction volume has exceeded 2.6 billion US dollars, of which more than 90% came from token transactions, setting a record for the largest single month in three years.
At the same time, in response to the trend of funds shifting from NFTs and meme coins to perpetual futures (Perps), OpenSea plans to launch a Perps trading function. Its competitors include decentralized exchanges such as Hyperliquid and Aster. At present, the platform has opened mobile applications and entered the closed alpha testing stage, and will be officially launched before TGE to realize the vision of "one-stop trading of tokens, culture, art and physical assets". Finzer also said: "We want to create an ultimate destination for the on-chain economy that feels like home rather than a bank."
