OpenSea announced the launch of the SEA token to reward active users of its NFT marketplace and Seaport protocol. Users will not be required to undergo KYC verification, and U.S. residents are eligible for the airdrop. The SEA token is part of OpenSea's strategy to promote community engagement and enhance the user experience, coinciding with the relaunch of its platform to support fungible token trading. The initiative comes after years of speculation about a potential token launch. OpenSea aims to shift from a Web2 to a more crypto-native platform, addressing challenges from competitors and the evolving NFT market. CEO Devin Finzer stated the SEA token launch represents a significant moment for OpenSea, which has seen its market share decline and aims to revive its brand with new products and community focus. The platform's transformation, named OS2, includes an XP rewards system and an enhanced trading experience.

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