OpenSea postpones SEA token launch, citing ‘challenging’ conditions
OpenSea’s SEA token was first announced last October as it revealed it would be transitioning from an NFT marketplace to one that can “trade everything.”
Nonfungible token marketplace OpenSea has postponed the launch of its native token SEA, initially slated for March 30, citing tough market conditions and it not being market-ready.
“The reality is that market conditions are challenging across crypto right now, and $SEA only launches once,” OpenSea CEO Devin Finzer posted to X on Monday.
The OpenSea (SEA) token, announced in October, was touted as part of OpenSea’s plan to transition into a “trade everything” app across multiple chains, which includes perpetual futures.