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OpenSea delays SEA token launch as weak market conditions stall rollout – TON BOT

OpenSea delays SEA token launch as weak market conditions stall rollout

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OpenSea has postponed the launch of its native token, SEA, due to challenging market conditions. The token was expected to be released on March 30 but no new timeline has been announced. The delay comes as NFT market capitalization has dropped by more than 50% since the beginning of the year. The SEA token is intended to be a core component of OpenSea’s long-term plans to create a multi-chain platform for token trading, NFTs, and more. The Waves reward campaign is being adjusted in light of the delay, with users who participated in Waves 3 to 6 given the option to claim refunds on platform fees in exchange for forfeiting their Treasure Chest rewards. CEO Devin Finzer stated that the team wants to ensure everything is in place before moving forward with the launch, and a separate event will be held in the coming months to provide updates on the product.

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