OpenSea is an NFT marketplace that enables users to discover, collect, and sell blockchain-based digital assets.
OpenSea is an American online non-fungible token (NFT) marketplace headquartered in New York City. The company was founded by Devin Finzer and Alex Atallah in 2017.
OpenSea offers a marketplace allowing for non-fungible tokens to be sold directly at a fixed price, or through an auction, based on the Ethereum ERC-721 standard and the layer-2 scaling solution for Ethereum Polygon.
In 2021, following a heightened interest in non-fungible tokens, the company’s revenue reached $95 million in February 2021 and $2.75 billion in September of that year. By January 2022, the company had been valued at $13.3 billion and has been considered the dominant non-fungible token marketplace.
OpenSea recorded the largest monthly user base for the first time since mid-2023, a sign of growing engagement with the NFT marketplace.
OpenSea’s points-based airdrop system for its SEA token has sparked outrage, with users claiming it encourages wash trading and overlooks longtime platform contributors.
OpenSea, an NFT marketplace, has confirmed the debut of OS2, a completely revamped platform for its users.