Crypto/Web3

NFT marketplace OpenSea to launch native token $SEA, releases OS2 platform

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NFT marketplace OpenSea to launch native token $SEA, releases OS2 platform
NFT marketplace OpenSea to launch native token $SEA, releases OS2 platform
  • OpenSea OS2 introduces an XP system that incentivizes actions like listing goods and making offers
  • The OS2 open beta platform includes cross-chain buying and a fee structure of 0.5% for marketplace transactions, with no swap fees at launch
  • OpenSea's operational shift towards a single digital asset platform is signalled by the OS2 update and seeks to satisfy a range of user demands while upholding a structured fee structure by integrating features that facilitate native cross-chain trading

A marketplace for non-fungible tokens popularly called NFTs, OpenSea, has said it will launch its native coins with the ticker $SEA and has released its OS2 open beta platform. 

The move also includes cross-chain buying and a fee structure of 0.5% for marketplace transactions, with no swap fees at launch. It unifies NFT and token trading into a single marketplace. The platform caters to traders and collectors by combining asset exploration, real-time analytics, and native trades across 14 chains, including Flow, ApeChain, Soneium by Sony, and Berachain. 

OpenSea Foundation announced this in a post on X, formerly Twitter. “$SEA is coming,” the platform posted. “Here are a few things to know: Historical OpenSea usage, not just recent activity, will be an important ingredient. Claim process will be simple and accessible. US users welcome. We’re focused on long-term sustainability and supporting a healthy, enduring community. No details on timing yet. We’re taking the learnings from this space and getting it right.”

On the OS2 open beta platform, OpenSea said it was live already. “OS2 open beta is now live,” OpenSea posted on X. “ A fully reimagined product built entirely from the ground up, for collectors and pros. NFTs tokens, brought together in one place. Brand new, beautiful ways to explore — beyond just the floor;  14 chains. Native cross-chain purchasing;  0.5% marketplace fees and 0% swap fees on the platform for launch; rewards for all user types.”

OpenSea OS2 introduces an XP system that incentivizes actions like listing goods and making offers. This system attempts to combine the distinct experiences of NFT collecting and token trading into a single digital asset ecosystem. It also includes an updated user interface that makes navigation easier beyond conventional floor price views.

The token announcement comes after months of speculation regarding possible airdrops. This post announcing the $SEA ended speculations and has stirred up genuine expectations. 

The OS2 update signals OpenSea's operational shift towards a single digital asset platform. The platform seeks to satisfy user demands while upholding a structured fee structure by integrating features that facilitate native cross-chain trading and an XP reward system.

Telegram selects Toncoin as only crypto, blockchain network for app services

Meanwhile, TheRadar earlier reported that The popular messaging app Telegram has announced that henceforth, The Open Network (TON–Toncoin) will become the only blockchain infrastructure for its Mini App ecosystem. 

According to a statement Telegram released on January 21, 2025, Telegram and the TON Foundation have reached an exclusive deal, which will see Toncoin become the only accepted crypto for Telegram’s app services. According to the release, Telegram will continue to accept Toncoin for non-fiat payments in exchange for assets and services offered by Telegram.

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Justice NwaforEditor

Justice Nwafor is an award-winning freelance journalist, editor and content writer. His work has been published by several outlets, including HumAngle, Earth Journalism Network, Reuters, SciDevNet and the BBC. In August 2023, his work was recognized as the best in the Business and Environment category at the Sanlam Awards for Excellence in Financial Journalism in South Africa. He is a 2024 finalist for the True Story Award and a panelist at the True Story Festival, both in Bern, Switzerland. Justice is a consummate journalist with experience in reporting environment, global health, business and crypto/web3. Justice focuses on covering the dynamic world of crypto and web3 for TheRadar.

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