BlockBeats News, March 17th, OpenSea CEO Devin Finzer posted, "Regarding the latest SEA update: The team has been pushing forward with development at full speed, originally planning to launch the first phase at the event on March 30th, but the OpenSea Foundation has decided to postpone the schedule. The reality is that the current overall crypto market environment is quite challenging, and SEA will only be issued once. We can forcibly stick to the original plan or we can ensure that all aspects are fully prepared to meet the community's expectations. The following measures will be taken:
No more new reward rounds, the current reward wave will be the final round. Option to refund platform fees: Given that we initially promised to launch in Q1, we will provide platform fee refunds to users who participated in reward rounds 3–6 (only for the portion we collected). If you choose a refund, the Treasures rewards earned during the corresponding period will be removed from your account. If you choose a refund and combine it with the Treasure Chest reward, it is essentially equivalent to us covering the transaction fees during that time period. Specific procedures will be announced later.
Existing Treasures are still valid: If users continue to hold Treasures, the Foundation's previous commitment remains valid: it will be a significant reference at TGE. This is independent of token distribution from historical events. Starting from March 31st, OpenSea will reduce the platform token trading fee to 0% for 60 days. After 60 days, we will introduce a new fee system to make fees for long-term traders more competitive. Last year, we announced our plans prematurely, leading to unnecessary market uncertainty. Therefore, when the Foundation announces a new schedule, it will be more clear and cautious."
