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.
The Sei network is in the process of transitioning to Sei V2, which will attract more web3 developers and content creators in the long haul.
Similar to Uniswap v4, Seaport hooks give developers the freedom to create applications that increase the usefulness and liquidity of NFTs.
OpenSea NFT marketplace is currently developing a 2.0 upgrade to enable users to seamlessly track digital collectibles from different blockchains.