OpenSea Pivots to Multi-Chain Aggregation: New SEA Token Aims for Market Rebound

After a turbulent period marked by the NFT market crash, OpenSea is making a strategic shift. The platform has transitioned from a single-chain marketplace to a multi-chain aggregator, launching its own native token, SEA, to revive growth and engage with the wider crypto ecosystem. 50% of the SEA token supply will be airdropped to community members, while another 50% will be used for buybacks based on revenue. This move allows OpenSea to tap into broader on-chain activity and explore DeFi, perpetual trading, and memecoin markets.