NFT trading platform OpenSea has announced a delay to its highly anticipated SEA token launch. OpenSea CEO Devin Finzer stated on social media on Monday that the Token Generation Event (TGE), originally scheduled for Q1 2026, will be postponed, but a new launch date has not yet been announced. Finzer said the team has been working diligently on the project, originally planning to launch the issuance process at the March 30th event, but the OpenSea Foundation decided to postpone the timeline. He stated, "A delay is a delay, and we won't gloss over it. The current crypto market environment is challenging, and SEA will only be issued once. We want to launch it only after all preparations are fully in place." Last October, OpenSea disclosed its SEA token plan, stating that 50% of the token supply would be allocated to the community, including early adopters (OG users) and users participating in the platform's rewards program. Finzer also revealed that the ongoing rewards program will be the final round. According to previous plans, OpenSea also planned to use 50% of its platform revenue for token buybacks upon launch and allow users to support their favorite NFT projects and series by staking SEA.