OpenSea, a prominent NFT marketplace, is set to launch its project token, SEA, according to a Feb. 13 announcement from the OpenSea Foundation. The exact launch timing remains unspecified, but SEA will be accessible to users in countries including the US. Historical OpenSea usage will significantly influence token allocations. This development comes amid changing US regulatory landscapes for cryptocurrency, especially after President Donald Trump's inauguration, which signaled a friendlier approach toward the crypto sector. OpenSea's plans reflect a shift from a more corporate approach to a user-centric model as they revamp their platform. The announcement coincides with the private beta release of OS2, which the CEO described as a complete overhaul of the marketplace. OpenSea has seen significant success, operating on over 10 networks with revenues nearing $1 billion since its launch in 2017. The upcoming SEA token launch follows the introduction of the PENGU token for the Pudgy Penguins NFT collection, which has fluctuated in market capitalization since its launch.

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