# OpenSea Unveils Upcoming $SEA Token *OS2 is now live in open beta, allowing users to claim XP rewards for NFT listings, placing collection offers, and maintaining loyalty to OpenSea.* By [ETH Daily](https://ethdaily.io) · 2025-02-14 news, 2025, february2025 --- Quick Take ---------- * OpenSea Foundation unveils $SEA. * Scroll launches its Security Council. * Paradigm releases Foundry v1.0. * EF deploys 50,000 ETH into DeFi. * * * [ OpenSea Unveils Upcoming $SEA Token ----------------------------------- Listen to this episode from Ethereum News on Spotify. The OpenSea Foundation unveils its upcoming $SEA token. Scroll launches its Security Council. Paradigm releases Foundry v1.0. And the Ethereum Foundation deploys 50,000 ETH into DeFi. Read more: https://ethdaily.io/647 https://spotify.com ![](https://storage.googleapis.com/papyrus_images/8a4de37c8af4f128409b03a18e6e81e9.jpg) ](https://open.spotify.com/episode/2XWz7T2SOepuxQ5jrzIwNC) **Listen on:** [**Apple**](https://apple.co/3C3VWuL) | [**Spotify**](https://spoti.fi/407DJV5) | [**Castbox**](https://bit.ly/3C1jNuY) | [**YouTube**](https://bit.ly/40nD43d)  * * * OpenSea Unveils Upcoming $SEA Token ----------------------------------- The OpenSea Foundation [confirmed](https://x.com/openseafdn/status/1890041091577057522) the upcoming launch of its native NFT marketplace token, $SEA. The foundation emphasized that historical OpenSea usage will play a key role in the token’s distribution. It also assured that the claims process would be simple and U.S. users would be eligible. However, no launch timeline has been provided. OpenSea v2 (OS2), a fully redesigned version of the NFT marketplace that introduces XP rewards for users, is also now live in open beta. OS2 integrates NFTs and ERC-20 tokens in one place, supports 14 chains, enables native cross-chain purchasing, and enforces a 0.5% marketplace fee. Users can now earn XP for making listings, placing collection offers, and maintaining loyalty to OpenSea. Scroll Launches Security Council -------------------------------- Scroll, an EVM-equivalent ZK Rollup, [established](https://scroll.io/blog/introducing-scroll-security-council) the Scroll Security Council, a 12-member governance body tasked with overseeing protocol upgrades, emergency responses, and governance oversight to enhance the security of the Scroll network. The council has the authority to bypass Scroll governance for urgent upgrades. Approval from a 9-of-12 multisig is required to execute changes. Members serve in staggered bi-annual elections, divided into two six-member cohorts. The current council includes representatives from L2BEAT, OpenZeppelin, the Ethereum Foundation, Zellic, Gauntlet, Rotki, Powdr, and Shield3. The launch aligns with Scroll’s goal of achieving Stage-1 rollup decentralization, which requires the presence of a security council. Paradigm Announces Foundry v1.0 ------------------------------- Paradigm [released](https://www.paradigm.xyz/2025/02/announcing-foundry-v1-0) Foundry v1.0, a major update to its Ethereum development toolkit, bringing faster compilation, improved testing, enhanced debugging, greater stability, and support for upcoming Pectra and Fusaka EIPs. The release introduces new cheat codes for gas snapshots, wallet utilities, code deployment, and symbolic execution, enabling a more developer-friendly experience. The release also includes faster feedback loops and better test coverage. Foundry is designed to provide quick and efficient smart contract development, testing, and deployment. Developers can now upgrade to Foundry v1.0 or refer to the migration guide for details on breaking changes. [![](https://storage.googleapis.com/papyrus_images/eec8baf4d99cd8d057307e0612c43cb0.png)](https://giveth.io/project/eth-daily) SUPPORT US WITH A $1 DONATION ON GIVETH! EF Deploys 50,000 ETH Into DeFi ------------------------------- The Ethereum Foundation [finalized](https://x.com/ethereumfndn/status/1889978208986280031) its initial deployment of 50,000 ETH into DeFi as part of its commitment to having a more active role in the Ethereum ecosystem. The allocation includes 10,000 ETH in Spark Protocol, 30,800 ETH in Aave, and 4,200 ETH in Compound Finance. The Foundation’s 3-of-5 Safe wallet now holds approximately $133 million in assets. Other News ---------- * ACDE #205 [summary](https://ethereum-magicians.org/t/all-core-devs-execution-acde-205-february-13-2025/22828/2) * Pectra [client releases](https://ethereum-magicians.org/t/pectra-upgrade-client-releases-for-holesky-sepolia-testnets/22857) for testnets * Nethermind [releases](https://github.com/NethermindEth/nethermind/releases/tag/1.31.0) v1.31.0  * dDocs [releases](https://x.com/fileverse/status/1890070593094959271) Comments v0.2 * ZKLend [suffers](https://x.com/zkLend/status/1889515118368829559) $9.5m exploit * Union Fintech [launches](https://zksync.mirror.xyz/gAYMS8ZMXXVyyC8x5Sxv_D8do1QLIzjfE_WM50z0yg0) ZK Stack chain * Ephemery testnet [activates](https://x.com/TMIYChao/status/1890136293524537577) Pectra * OnchainKit [introduces](https://x.com/OnchainKit/status/1890140598306500649) Earn * Coinbase $6.6b in [Q4 earnings](https://x.com/coinbase/status/1890151399838876157) * Doodles [introduces](https://x.com/doodles/status/1890082282364629239) $DOOD * * * **Follow us on** [**X**](https://twitter.com/intent/follow?screen_name=ethdaily)**,** [**Lens**](https://hey.xyz/u/ethdaily)**, and** [**Farcaster**](https://warpcast.com/ethdaily.eth)**.** --- *Originally published on [ETH Daily](https://ethdaily.io/647)*