BlockBeats news, March 17, OpenSea CEO Devin Finzer posted, “Latest update on SEA: The team has been pushing development at full speed, originally planning to launch the first step at the March 30 event, but the OpenSea Foundation has decided to delay the timeline. The reality is, the entire crypto market environment is quite tough right now, and SEA will only be issued once. We could force a release according to the original plan, or we can ensure all aspects are fully prepared, making this launch worthy of the community’s expectations. The following measures will be taken:
No new reward waves will be conducted; the current reward wave will be the final round. Option to refund platform fees: Given our initial commitment to release in Q1, we will provide platform fee refunds for users who participated in reward waves 3–6 (limited to the portion we collected). If a refund is chosen, the Treasures rewards earned during the corresponding period will be removed from the account. If refunds are claimed combined with Treasure Chest rewards, it essentially means we cover the transaction fees for this period. Specific procedures will be announced later.
Existing Treasures remain valid: If users continue holding Treasures, the Foundation’s previous commitment still holds: they will be significantly considered at TGE. This is independent of token allocations from historical events. Starting March 31, OpenSea will reduce platform token transaction fees to 0% for 60 days. After 60 days, we will introduce a new fee system to make fees more competitive for long-term trading users. Last year we announced plans too early, causing unnecessary uncertainty in the market. Therefore, when the Foundation announces the new timeline, it will be clearer and more deliberate.”
