OpenSea has launched what it calls the final phase of its rewards program ahead of the SEA token generation event (TGE). The second wave, which began on October 15, will run until November 15. According to the team, Wave 1 ended with over $2 billion in trading volume and a $12.2 million prize pool in tokens and NFTs.
However, users quickly pointed out that the previous campaign, which started in September, was also labeled “final.” The new announcement sparked backlash across social media, with many accusing OpenSea of intentionally dragging out the program to collect trading fees and keep attention on the platform.
What Is Known About Wave 2
According to OpenSea’s statement, 50% of all trading fees will be allocated to the new prize pool. The initial rewards pool is valued at $1 million in OP, SOMI, and ETH tokens. The team also plans to introduce new Voyages and Shipments activities, as well as a 13th-level chest.
The participation mechanics remain the same: users increase their chest levels by trading and completing quests.
Treasure Chests from the first wave will be available to open on October 17. The rewards include 63 grand prizes, with higher-level chests offering greater chances of winning. In users’ reward profiles, the chests are already visible with a “pending open” status.
OpenSea also added $2.8 million in extra tokens to the Wave 1 pool – $1 million in ETH (Base), $1 million in CBBTC (Coinbase Wrapped BTC), and $800,000 in SOL.
The company said it is working on fair reward distribution and improvements to the rewards portal interface.
Community Grows Impatient With Delayed TGE
Despite the update, the news was met with irritation from users. Most comments point out that OpenSea already called the September campaign “final,” while the promised SEA token launch in early October has yet to happen.
“Every time you announce a final wave, it just keeps going,” wrote one participant.
Others accused the team of exploiting traders by delaying TGE to collect more fees.
Several users complained that they had spent tens or even hundreds of thousands of dollars on trading fees with little or no return.
“I’ve spent maybe $100,000 on your platform and got nothing. You should be ashamed,” wrote one user.
Others expressed fatigue over the endless reward rounds.
“Cool, but I thought this was the last one. Didn’t you say ‘final wave’ before TGE?” another user commented.
Keeping Attention on the SEA Token
Observers suggest that the second wave may be an attempt by OpenSea to maintain engagement ahead of TGE and keep liquidity on the platform. The team promises more activities, a better interface, and a fairer reward system but still hasn’t given a clear date for the SEA token launch.
The September “final phase” also came with announcements of a new mobile app featuring AI-based customization and an upgraded trading interface, but neither feature has yet been released.
As a result, despite the growing prize pool and elaborate campaign mechanics, users are demanding concrete action and clarity on the SEA TGE timeline rather than another round of “waves.”
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