OpenSea Confirms Launch of SEA Token and OS2 Marketplace Update
OpenSea has confirmed the upcoming launch of its token, SEA, through the OpenSea Foundation. Key details include:
- SEA will be used on the new OS2 open beta platform.
- The token aims to reward active users and early adopters.
- General Manager James Hu stated SEA will support the Seaport Protocol.
- The release date for SEA is not yet announced.
- OS2 will feature memecoins alongside NFTs.
- Users had to join a waitlist for access to the private beta, where NFT holders gained early access.
- OS2 will offer two modes: Collector Mode and Pro Mode.
- New features include cross-chain purchases, aggregated listings, liquidity aggregators, and live analytics.
- XP (experience points) can be earned by listing NFTs; XP is non-transferable and not a financial asset.
Recent rumors about restrictions for US residents concerning SEA have been denied by OpenSea, clarifying that US users will be eligible. CEO Devin Finzer addressed misinformation regarding the token’s terms and conditions.
This announcement follows OpenSea's 2023 launch of OpenSea Pro, targeting power traders.