OpenSea has clarified its plans regarding the highly anticipated native token, generating excitement among users ten months after its initial announcement. The NFT platform confirmed that it has entered the “final phase” of its pre-token generation event (TGE) rewards, with more details expected to be disclosed in early October.
This announcement coincides with the launch of the new OpenSea mobile app, designed to integrate on-chain trading with the traditional NFT marketplace. The app features enhanced capabilities powered by artificial intelligence (AI), aimed at providing users with smarter and faster trading options.
The introduction of the SEA token has been a focal point of speculation since it was first announced in 2024, leading to significant financial activity on Polymarket, where many have wagered on the timeline for its official release. The final phase of the pre-TGE rewards is centered around interactive treasure chests that can be leveled up, with prizes sourced from popular NFT collections, including Bored Ape Yacht Club (BAYC) and Pudgy Penguins.
In a recent communication via X, OpenSea’s Chief Marketing Officer Adam Hollander emphasized that these treasures will hold a “meaningful role” in the upcoming token generation event. He further revealed that historical platform activity will be acknowledged, with an allocation of $SEA tokens to be distributed from the Foundation during the TGE. This allocation is intended to be distinct from existing rewards programs, underscoring OpenSea’s commitment to rewarding its user base for their involvement in the platform.
