What a wild couple of weeks since joining OpenSea. I wish you all could see inside the walls. The team is ridiculous. The energy and passion internally at OS is contagious. The speed at which things are being built and iterated on is beyond anything I’ve experienced in my career. It’s been a long time since I’ve felt this motivated and excited. I read the daily comments and Discord messages. First, I want to simply say thank you. Your candid feedback is important and appreciated. And I know you all have questions about the token, how the Foundation is looking at retro activity, our rewards approach and more. When I joined, I posted about the importance of communication and transparency. So in the interest of that, let me share a few things with you: OpenSea is evolving from an NFT marketplace to the best destination to discover, own and trade on-chain. OS2 is just the canvas. The masterpiece comes next—more chains, mobile, deeper features, and innovations that will redefine what you expect from us. Web3 doesn't need another rushed, ill-conceived token launch. The Foundation is obsessed with getting it right—from utility to distribution to timing. This will be a watershed moment not just for OpenSea but for web3 as a whole. $SEA is being designed thoughtfully with the long term in mind, not as a memecoin to be farmed and forgotten. I’ve confirmed with the Foundation that past history will of course be rewarded. This will happen at TGE and users will receive an allocation of $SEA. This is separate from XP in OpenSea’s rewards program, which is about incentivization to explore OS2 moving forward. If you’re a long-term user of OpenSea, we see you. Speaking to XP specifically, we’ve decided after talking deeply with the community that liquidity leaderboards will not be coming back. They drove substantial volume to OpenSea, but weren't creating healthy activity and we paused them swiftly. In their place, we've built a robust system that rewards natural engagement with OS2 over pure volume. • The new program is launching soon. • Wallet size won’t determine your opportunity. • We’re taking meaningful steps to ensure that real users are rewarded, not bots. • This rewards system will become foundational for what comes next. I genuinely believe that OpenSea has the best team, product, and opportunity in crypto. I’m privileged to be able to play a small role in its success. Sails up 🌊