OpenSea has postponed its Token Generation Event (TGE) for the SEA token to the first quarter of 2026, as announced by CEO Devin Finzer. This delay follows the conclusion of the platform's initial pre-TGE reward activities, which distributed $12.2 million in NFTs and tokens. However, users expressed dissatisfaction with the low returns from these rewards. The second phase of the reward program, which runs until November 15, will allocate 50% of platform fees to a new reward pool, including $1 million in OP, SOMI, and ETH. Despite these efforts, data indicates a significant drop in Swap transaction volume after the first phase, suggesting reduced user engagement. Critics have pointed out that the current reward structure may not effectively incentivize participation, potentially discouraging future activity. OpenSea is also considering the introduction of perpetual contracts, which could be integrated into upcoming reward programs.