OpenSea, the prominent NFT marketplace, will initiate the token generation event (TGE) for its native token, SEA, in early October 2025. This move comes amid a market downturn, with the platform aiming to revitalize user engagement. Starting September 15, OpenSea has allocated 50% of all transaction fees to a reward pool, with NFT and token fees set at 1% and 0.85%, respectively. An additional $1 million in OP and ARB has been added to the pool. Users can enhance their reward shares by upgrading treasure chests through cross-chain transactions, daily tasks, and collectibles. OpenSea has also acquired Rally, launched a mobile app featuring AI tools, and established a flagship NFT collection. Despite a temporary increase in activity, the platform's daily active addresses have decreased, and transaction volumes remain low. The TGE is expected to be a pivotal step in boosting market activity and user participation.
OpenSea to Launch SEA Token Generation Event in October 2025
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