dfinzer.eth

we’re being very deliberate with os mobile because we want to make absolutely certain that the first release would truly delight users we’ve built something incredibly special for anyone who cares about non-custodial crypto and true digital ownership big thank you to all our early testers 🌊

what a delightful, well-timed photoshoot in all seriousness: - i’ve lost count of how many times i’ve heard “opensea is done.” we’re still here. - if you start a business you can and should make money from it. but if you actually know our team, you know that our focus has always, from the start, been building products that people love. that will continue to be the case - my wife got into bitcoin in 2011 (years before nfts were a thing), has always paid for everything herself and started multiple non-profits while advising me. she’s never used the term “product mommy”, but she’s the most brilliant person i know and has built me into the person i am today. marry someone who builds with you, learns alongside you, and who is deeply dedicated to your growth no matter the ups and downs - our industry is still small and misunderstood. for crypto to scale it's eventually going to feel invisible and permeate all of culture. that's a big part of opensea's vision. we saw an opportunity (not without risk) to share it with VF but what that article became wildly misrepresented our industry and our own story. that's a bummer, but we'll have more shots at this - it's not the critic who counts. to create anything of significance in the world takes time, pain, mistakes, courage, the willingness to be both deeply misunderstood and disliked, and glass-chewing. luckily the glass-chewing make you stronger. onwards

TRUE STORY

an update on $SEA. the team has been building at full speed, and the foundation had planned to kick off the first steps as part of our march 30th event. but @openseafdn is pushing back the timeline. a delay is a delay. i’m not going to dress it up, and i know how it lands. the reality is that market conditions are challenging across crypto right now, and $SEA only launches once. @openseafdn could force the original date, or we could ensure every piece is in place and make this moment what this community deserves. we gave a tremendous amount of thought to how to do right here. I’m thankful to @HollanderAdam for bringing the community’s voice into every conversation. we’ll be doing the following: no more waves: the current rewards wave will be our last. optional fee refund: recognizing that we originally committed to a Q1 date, we’re offering refunds of the platform fees we retained while participating in the rewards waves (3 - 6) that followed our timing announcement. if you like, you can receive a refund of those fees, which when combined with treasure chest prizes, essentially means all of your trading during that period was on us. if you opt for a refund, the Treasures you were awarded during these waves will be removed from your account. details on this process will follow. honoring existing Treasures: for Treasures you continue to hold, our prior commitment stands: they will be meaningfully considered by the Foundation at TGE. this is independent from allocations for historical activity. 0% fees for 60 days: starting on march 31st, opensea will reduce our own token trading fees to 0%. we want to make it a no-brainer for everyone to experience our new platform: cross-chain token trading, mobile app, perps and more. after this 60 day period, we will put a new system in place that makes fees significantly more competitive for anyone trading consistently on opensea. product updates: while we’re postponing our march 30th event, we’ll host a separate one in the coming months focused on product updates. it’s been incredible to see the early responses to our mobile app, and we can’t wait to get it into more people’s hands. so if not now, wen? when we announced last year, it was too early. that created unnecessary uncertainty and reactivity. so when the Foundation sets a new timeline, it will be deliberate and specific. here’s why i’m confident that’s the right move: i’ve been building opensea for almost a decade. when this started, we were two people and the only thing you could trade on OS was cryptokitties. i’ve watched this space go from a niche curiosity to billions in volume to where we are today. the thing that’s carried us through every cycle was a willingness to make hard calls when it mattered. when our market crashed, we rebuilt from zero: an entirely new stack, a new product, and a new team culture. that hurt in the short term. but today OS2 is undeniably the strongest marketplace offering, and it’s the foundation everything sits on. we have huge ambitions as a company, and we’re here for the long game. making all of non-custodial crypto delightful on mobile is just the beginning. that means we have to set a very high bar for everything we do, and it’s why i’m so protective of delivering a launch that’s worthy of this community and everything we’re putting into this.

we just shipped @opensea/cli what makes this particularly powerful is that opensea token trading is built as an aggregator on top of aggregators. we route across every major DEX, across 25+ chains, with cross-chain liquidity. add seaport liquidity and your agent gets one of the most comprehensive onchain data layers that exists just like our user-facing products, this means: everything in one place, one tool, every chain, every swap, every NFT

we’re being very deliberate with os mobile because we want to make absolutely certain that the first release would truly delight users we’ve built something incredibly special for anyone who cares about non-custodial crypto and true digital ownership big thank you to all our early testers 🌊

what a delightful, well-timed photoshoot in all seriousness: - i’ve lost count of how many times i’ve heard “opensea is done.” we’re still here. - if you start a business you can and should make money from it. but if you actually know our team, you know that our focus has always, from the start, been building products that people love. that will continue to be the case - my wife got into bitcoin in 2011 (years before nfts were a thing), has always paid for everything herself and started multiple non-profits while advising me. she’s never used the term “product mommy”, but she’s the most brilliant person i know and has built me into the person i am today. marry someone who builds with you, learns alongside you, and who is deeply dedicated to your growth no matter the ups and downs - our industry is still small and misunderstood. for crypto to scale it's eventually going to feel invisible and permeate all of culture. that's a big part of opensea's vision. we saw an opportunity (not without risk) to share it with VF but what that article became wildly misrepresented our industry and our own story. that's a bummer, but we'll have more shots at this - it's not the critic who counts. to create anything of significance in the world takes time, pain, mistakes, courage, the willingness to be both deeply misunderstood and disliked, and glass-chewing. luckily the glass-chewing make you stronger. onwards

TRUE STORY

an update on $SEA. the team has been building at full speed, and the foundation had planned to kick off the first steps as part of our march 30th event. but @openseafdn is pushing back the timeline. a delay is a delay. i’m not going to dress it up, and i know how it lands. the reality is that market conditions are challenging across crypto right now, and $SEA only launches once. @openseafdn could force the original date, or we could ensure every piece is in place and make this moment what this community deserves. we gave a tremendous amount of thought to how to do right here. I’m thankful to @HollanderAdam for bringing the community’s voice into every conversation. we’ll be doing the following: no more waves: the current rewards wave will be our last. optional fee refund: recognizing that we originally committed to a Q1 date, we’re offering refunds of the platform fees we retained while participating in the rewards waves (3 - 6) that followed our timing announcement. if you like, you can receive a refund of those fees, which when combined with treasure chest prizes, essentially means all of your trading during that period was on us. if you opt for a refund, the Treasures you were awarded during these waves will be removed from your account. details on this process will follow. honoring existing Treasures: for Treasures you continue to hold, our prior commitment stands: they will be meaningfully considered by the Foundation at TGE. this is independent from allocations for historical activity. 0% fees for 60 days: starting on march 31st, opensea will reduce our own token trading fees to 0%. we want to make it a no-brainer for everyone to experience our new platform: cross-chain token trading, mobile app, perps and more. after this 60 day period, we will put a new system in place that makes fees significantly more competitive for anyone trading consistently on opensea. product updates: while we’re postponing our march 30th event, we’ll host a separate one in the coming months focused on product updates. it’s been incredible to see the early responses to our mobile app, and we can’t wait to get it into more people’s hands. so if not now, wen? when we announced last year, it was too early. that created unnecessary uncertainty and reactivity. so when the Foundation sets a new timeline, it will be deliberate and specific. here’s why i’m confident that’s the right move: i’ve been building opensea for almost a decade. when this started, we were two people and the only thing you could trade on OS was cryptokitties. i’ve watched this space go from a niche curiosity to billions in volume to where we are today. the thing that’s carried us through every cycle was a willingness to make hard calls when it mattered. when our market crashed, we rebuilt from zero: an entirely new stack, a new product, and a new team culture. that hurt in the short term. but today OS2 is undeniably the strongest marketplace offering, and it’s the foundation everything sits on. we have huge ambitions as a company, and we’re here for the long game. making all of non-custodial crypto delightful on mobile is just the beginning. that means we have to set a very high bar for everything we do, and it’s why i’m so protective of delivering a launch that’s worthy of this community and everything we’re putting into this.

we just shipped @opensea/cli what makes this particularly powerful is that opensea token trading is built as an aggregator on top of aggregators. we route across every major DEX, across 25+ chains, with cross-chain liquidity. add seaport liquidity and your agent gets one of the most comprehensive onchain data layers that exists just like our user-facing products, this means: everything in one place, one tool, every chain, every swap, every NFT