{"id":503545,"date":"2025-10-19T14:53:53","date_gmt":"2025-10-19T13:53:53","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=503545"},"modified":"2025-10-19T14:53:53","modified_gmt":"2025-10-19T13:53:53","slug":"opensea-is-evolving-to-become-a-platform-to-trade-everything-set-to-launch-token-in-2026","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/opensea-is-evolving-to-become-a-platform-to-trade-everything-set-to-launch-token-in-2026\/","title":{"rendered":"OpenSea is evolving to become a platform to \u2018trade everything\u2019; set to launch token in 2026"},"content":{"rendered":"<p><a href=\"https:\/\/cryptoslate.com\/people\/devin-finzer\/\">Devin Finzer<\/a>, co-founder and CEO of <a href=\"https:\/\/cryptoslate.com\/companies\/opensea\/\">OpenSea<\/a>, the largest non-fungible token (NFT) marketplace, announced on Friday that the platform is reinventing itself to \u201ctrade everything.\u201d<\/p>\n<p>Founded in 2017, OpenSea is the largest NFT marketplace with a market share of over 55% at the time of writing, according to <a href=\"https:\/\/www.nftscan.com\/marketplace?chain=ETH\">data<\/a> from NFTScan. Its trading volume crossed $2.6 billion this month, according to Finzer.<\/p>\n<h2>OpenSea wants to become a one-stop destination for onchain activity<\/h2>\n<p>In an X <a href=\"https:\/\/x.com\/dfinzer\/status\/1979200646763929835?s=46&t=bcMyidYO0QkS5ajIW9CBdg\">post<\/a>, Finzer noted that \u201cNFTs were chapter one for us.\u201d The platform was largely responsible for introducing digital collectibles to everyday internet users, he stated, adding:<\/p>\n<blockquote><p>\u201cThe sequel is the destination for the onchain economy in its entirety. Trade everything.\u201d<\/p><\/blockquote>\n<p>By everything, Finzer meant \u201ctokens, culture, art, ideas, the digital and the physical.\u201d The platform aims to be an online hub that \u201cfeels like a home, not a bank.\u201d<\/p>\n<p>The platform\u2019s goal is to ensure that users do not have to navigate through different chains, bridges, wallets, and protocols to access onchain liquidity, but trade every asset seamlessly on one platform.<\/p>\n<h2>OpenSea will launch its token in Q1 2026<\/h2>\n<p>The OpenSea Foundation will launch its native token, SEA, in the first quarter of 2026. While several platforms have launched their tokens to little success, Finzer noted that SEA is not being \u201ccreated to be launched and forgotten.\u201d<\/p>\n<p>Finzer pointed out that 50% of the token\u2019s supply will be allocated to the community. More than half of this supply will be awarded via an initial claim.<\/p>\n<p>Original members of OpenSea and those who participated in the platform\u2019s rewards programs will be \u201cmeaningfully considered\u201d and rewarded separately, Finzer noted. He did not, however, delve into the details of how the reward system would work.<\/p>\n<p>Additionally, Finzer noted that OpenSea will use 50% of its revenue at launch to purchase its native token.<\/p>\n<p>The SEA token will be \u201cdeeply integrated\u201d with the platform. This includes the ability of users to stake SEA against their favorite tokens and collections.<\/p>\n<p>OpenSea\u2019s transformation also involves plans to launch a mobile application, which is currently in the \u2018closed alpha\u2019 phase of development. The mobile app will be geared towards ensuring that both old and new users get the best experience, Finzer noted while chatting in an X Spaces conversation.<\/p>\n<p>Furthermore, the platform is also working on enabling perpetual futures trading, although it is in early stages of development.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Devin Finzer, co-founder and CEO of OpenSea, the largest non-fungible token (NFT) marketplace, announced on Friday that the platform is reinventing itself to \u201ctrade everything.\u201d Founded in 2017, OpenSea is the largest NFT marketplace with a market share of over 55% at the time of writing, according to data from NFTScan. Its trading volume crossed [&hellip;]<\/p>\n","protected":false},"author":1386,"featured_media":503578,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,77968,76232,76736,6849],"tags":[],"prediction_market_topic":[],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>OpenSea is evolving to become a platform to \u2018trade everything\u2019; set to launch token in 2026<\/title>\n<meta name=\"description\" content=\"OpenSea wants to become a one-stop destination to trade all kinds of assets and gearing up to launch a mobile application.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/opensea-is-evolving-to-become-a-platform-to-trade-everything-set-to-launch-token-in-2026\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"OpenSea is evolving to become a platform to \u2018trade everything\u2019; set to launch token in 2026\" \/>\n<meta property=\"og:description\" content=\"OpenSea wants to become a one-stop destination to trade all kinds of assets and gearing up to launch a mobile application.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/opensea-is-evolving-to-become-a-platform-to-trade-everything-set-to-launch-token-in-2026\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2025-10-19T13:53:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/10\/opensea.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Monika Ghosh\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Monika Ghosh\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/opensea-is-evolving-to-become-a-platform-to-trade-everything-set-to-launch-token-in-2026\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/opensea-is-evolving-to-become-a-platform-to-trade-everything-set-to-launch-token-in-2026\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/monika-ghosh\/#person\",\"name\":\"Monika Ghosh\",\"url\":\"https:\/\/cryptoslate.com\/author\/monika-ghosh\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/monika-ghosh\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/monika-ghosh\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/08\/monika-ghosh-author-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/08\/monika-ghosh-author-300x300.jpg\",\"caption\":\"Monika Ghosh\"},\"jobTitle\":\"Former Reporter\",\"description\":\"Monika started reading about crypto in 2020 and went deeper and deeper down the rabbit hole. 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