OpenSea postpones $SEA token launch, sets 0% fees for 60 days from March 31

OpenSea CEO Devin Finzer said the company is delaying the anticipated $SEA token launch, which many in the NFT community had expected on March 30, citing challenging market conditions. OpenSea will respond by setting trading fees to 0% for 60 days starting March 31, refunding fees for trades made during Rewards Waves 3–6 (in exchange for forfeiting “Treasures” points), and ending the “Waves” rewards system in favor of a clearer timeline.