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OpenSea Launches $1 Million NFT Treasury and Prepares for Major SEA Token Drop
OpenSea Launches $1 Million NFT Treasury and Prepares for Major SEA Token Drop
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BTCCSquare news:
OpenSea is making a bold MOVE to reclaim its dominance in the NFT market with a $1 million Flagship Collection treasury and the impending launch of its SEA token. The initiative underscores NFTs as cultural artifacts, starting with the acquisition of CryptoPunk #5273. "We’ve always said NFTs are culture," said OpenSea CEO Devin Finzer. The collection will be curated by OpenSea employees and external advisors.
The SEA token launch introduces an ambitious reward system, with 50% of platform fees allocated to a prize vault already holding $1 million in OP and ARB tokens. This strategy mirrors institutional trends, as seen with GameSquare's $5.15 million CryptoPunk purchase for treasury assets.
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