The well-known NFT Marketplace Opsy said Monday it committed more than $1 million to obtain a culturally relevant NFT to bill for the launch of Sea, a native ecosystem token.
The marketplace sanctuary, known as the flagship collection, begins with Cryptopunk #5273, which will be transferred to a new address on Monday after being last purchased for $282,000 on August 25th. After acquiring “Essential Piece,” the company aims to acquire and promote works from emerging artists.
“We’ve always said that NFT is a culture. The flagship collection is about choosing what we think will stand the test of time,” said Devin Finzer, CEO of Opensey. Decryption.
Today we are introducing:
-OS Mobile: Beautiful trading experience with AI
– Flagship Collection: Celebrating the cultural heritage of Web3
– Final Reward Phase: 50% of the platform fee funds millions of tokens & nft awards
– $ SEA UPDATE: Details for early OctoberSee more pic.twitter.com/efsjucuesr
– Opensea (@opensea) September 8, 2025
The company uses a group of external advisors with strict internal procedures to prevent information leakage prior to the acquisition, using a group of Opencia employee committees and external advisors.
2023, the former Opensea employees The executive was convicted in his first NFT insider trading case as he made profits by purchasing from assets featured in popular markets. The conviction was eventually overturned July this year.
“There are many factors to consider in our purchasing criteria, such as cultural significance, impact on the Web3 as a whole, and unique expressions of creativity,” said Opensea CMO Adam Hollander. Decryption.
“Some of the flagship collection choices seem obvious, but others aren’t that great,” he added. “The goal is to spotlight frequently interfering artists and creators, as well as new and emerging artists and creators, and place their work from shoulder to shoulder with historic works representing digital culture.”
Beyond the flagship collection, Opensea is preparing for the final push before the official launch of Sea Token, Native Ecosystem Token Published by the Opensea Foundation February.
Starting September 15th, the company will use 50% of its platform fees to create a final stage bounty vault for pre-token generation rewards. Additionally, it kicks off the Vault with Ethereum Layer-2 Networks Optimism (OP) and Arbitrum (ARB)’s native tokens worth $1 million.
Users can level up some of their award vaults based on their activities on the platform, such as NFTs and token trading or completing daily tasks.
Details of the full talknomics are expected to be shared by the Opensea Foundation in early October.
The Miami-based company, which received a $13.3 billion valuation in 2022 amid the NFT boom, announced a complete overhaul earlier this year with the launch of “OS2.” A new vision for NFTs and easy-to-rely-reliable token trading.
July, Opensea Crypto-portfolio application acquiredmeetings, level up your mobile experience. The waitlist for improved mobile applications and AI-focused trading experiences is expected to be launched in the coming weeks, the company said Monday.
