TechFlame News - NFT marketplace OpenSea has announced a delay in its highly anticipated SEA token launch plan. OpenSea CEO Devin Finzer stated on social media on Monday that the originally scheduled Token Generation Event (TGE) for the first quarter of 2026 has been postponed, though a new launch date has not yet been announced.

Finzer mentioned that the team has been fully committed to advancing related developments, with the initial plan to kick off the issuance process at an event on March 30. However, the OpenSea Foundation has decided to push back the timeline. He candidly admitted, "A delay is a delay—we won’t sugarcoat it. The current crypto market environment is challenging, and SEA will only be issued once. We want to ensure all preparations are fully in place before launching."

In October last year, OpenSea disclosed its SEA token plan, stating that 50% of the token supply would be allocated to the community, including early users (OG users) and participants in the platform’s reward programs. Finzer also revealed that the ongoing reward campaign will be the final round.

According to the previous plan, OpenSea also intends to allocate 50% of its platform revenue for token buybacks upon the token’s launch and will allow users to support their favorite NFT projects and collections by staking SEA.