The Klatyn chain has also been added to the platform. On OpenSea, purchasing NFTs is mostly carried out via Ethereum blockchain technology. This includes everything from digital artwork, music, and domain names to gaming-related products.
OpenSea is used by thousands of people to find, buy, and sell unusual digital collectibles. By the end of the year, OpenSea had assumed the top spot in the NFT market. This aided the platform's financial success. In 2019, OpenSea continued to expand its feature set while collaborating with a variety of creators and developers, such as Fox Entertainment to create NFTs with a Deadpool theme. Initially, OpenSea's main source of revenue came from game creators looking for more ways to commercialize their game characters, such as CryptoKitties. $2 million was invested in the business by some prominent cryptocurrency investors such as 1confirmation, Founders Fund, and Blockchain Capital. The two creators introduced OpenSea in February 2018. Their original endeavor, Wificoin, was based on using blockchain technology to share Wi-Fi bandwidth. Atallah and Finzer came up with some fundamental concepts, and they submitted an application to the business accelerator Y Combinator, which gave them $120,000 in seed funding. In 2016, he introduced Claimdog and before launching OpenSea, he successfully sold it to Credit Karma, where he worked as an engineering manager.įinzer developed an interest in cryptocurrencies and blockchain and ultimately decided he wanted to make it his profession. He was the founder of Whatsgoodly, a social polling platform that he expanded to over 300,000 users in 2016.įinzer, the CEO of OpenSea, has his mathematics degree from Brown University. Afterward, Atallah worked as a software engineer for Palantir and Zugata. The CTO of OpenSea, Atallah, earned a computer science degree from Stanford in 2014. Putting it simply, OpenSea is like Amazon for virtual worlds and all types of digital commodities.ĭevin Finzer and Alex Atallah founded OpenSea in December 2017.
Built on Ethereum, this decentralized market is by far the biggest and most well-known among the few NFT marketplaces. In addition to digital art, a wide range of other digital products are also available, including domain names, collectibles, avatars, gaming equipment, and even digital versions of real-world assets.
The first and largest NFT marketplace, OpenSea, allows you to trade a variety of unique digital items. Built on the belief that NFTs are the future, OpenSea is a decentralized marketplace for purchasing and selling NFTs, having a current market value of about $13 billion. OpenSea is the first and to date the largest NFT marketplace in the world. People are shelling out millions of dollars to own NFTs, which are available almost everywhere these days.
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