Mooring failures significantly threaten the stability of Floating Offshore Wind Turbines (FOWT) under extreme environmental conditions. This study presents an innovative shared damping mooring system incorporating Seaflex dampers to improve structural stability and operational reliability. Dynamic simulations under 1-year and 50-year return period sea states demonstrate the system’s effectiveness. Under Ultimate Limit State (ULS) conditions, the system reduces surge displacement by 59%, pitch angle by 47%, and mooring line tension by 72%. Under Accidental Limit State (ALS) conditions, it mitigates load spikes, reduces drift displacement by 60%, and improves safety factors by 50%. The comparison shows chain and wire rope configurations have better load reduction performance in the shared damping scheme. Lightweight and adaptable, the Seaflex dampers enhance broad-spectrum damping without affecting platform buoyancy. This study provides a robust solution for improving FOWT safety and durability in harsh marine environments, enabling large-scale offshore wind energy development.