ChainThink reports that on March 17, OpenSea CEO Devin Finzer posted: "Latest update on SEA: The team has been moving at full speed on development. The original plan was to launch the first phase during the event on March 30, but the OpenSea Foundation has decided to delay the timeline. The reality is that the current crypto market environment is challenging, and SEA will only be issued once. We could force a launch according to the original schedule, or we can ensure every aspect is fully prepared so this launch lives up to the community’s expectations. We will take the following steps:"
No new reward waves will be issued; the current reward wave will be the final one. Optional platform fee refund: In light of our initial commitment to launch in Q1, we will offer a refund of platform fees to users who participated in Reward Waves 3–6 (limited to the portion we collected). If you choose to receive the refund, any Treasures rewards earned during the corresponding period will be removed from your account. By claiming the refund in combination with your Treasure Chest rewards, it effectively means we are covering your trading fees for that period. Specific procedures will be announced shortly.
Existing Treasures remain valid: if users continue to hold their Treasures, the foundation’s prior commitments remain in effect and will be critically referenced at TGE. This is independent of token allocations from past events. Starting March 31, OpenSea will reduce platform trading fees to 0% for 60 days. After 60 days, we will introduce a new fee structure to make fees more competitive for long-term traders. Last year, our premature announcement of plans created unnecessary market uncertainty. Therefore, when the foundation announces a new timeline, it will be clearer and more deliberate.