**[OpenSea Announces Delay in SEA Token Launch, New Timeline Yet to Be Released]** BlockBeats News, March 17: OpenSea CEO Devin Finzer posted an update stating, "Latest update on SEA: The team has been working at full speed on development. The initial plan was to launch the first phase during the March 30 event, but the OpenSea Foundation has decided to postpone the timeline. The reality is that the current overall crypto market environment is quite challenging, and SEA will only be issued once. We could force the release according to the original plan, or we could ensure all aspects are fully prepared to make this launch live up to the community's expectations. The following measures will be taken: - **No new reward rounds will be conducted:** The current reward round will be the final one. - **Option to refund platform fees:** Given our initial promise to launch in Q1, we will offer platform fee refunds (limited to the portion collected by us) to users who participated in reward rounds 3–6. If users choose to refund, the Treasures rewards earned during the corresponding period will be removed from their accounts. If users opt for refunds combined with Treasure Chest rewards, it essentially means we will cover the transaction fees during this period. Specific refund procedures will be announced later. - **Existing Treasures remain valid:** If users continue to hold Treasures, the Foundation's previous commitments remain valid: Treasures will be an important reference during the TGE. This is independent of token distribution from historical activities. Starting March 31, OpenSea will reduce platform token 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 trading users. Last year, we announced plans prematurely, causing unnecessary uncertainty in the market. Therefore, when the Foundation announces the new timeline, it will be clearer and more deliberate."