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OpenSea is an American non-fungible token (NFT) marketplace headquartered in Miami. The company was founded by Devin Finzer and Alex Atallah in 2017. [1] [2] OpenSea offers a marketplace online allowing for non-fungible tokens to be sold directly at a fixed price, or through an auction.
Adjusted price (millions of US$) Actual price paid (millions of US$) Asset Year of creation Date of sale Seller Buyer Blockchain Notes $81.6 $69.3 Everydays: the First 5000 Days: 2021 March 11, 2021: Beeple [8] "Metakovan" (Vignesh Sundaresan) [9] Ethereum First purely NFT artwork to be offered by a major auction house, Christie's. [10] $59.3 ...
During the height of the breakout success of CryptoKitties and the emergence of ERC-721 tokens in 2017, an NFT marketplace called OpenSea emerged to capitalize off of the new non-fungible token standard. [47] It positioned itself early in the NFT market landscape and grew to a $1.4 billion market cap in 2021 during the then-ongoing NFT boom. [48]
(Reuters) -The U.S. Securities and Exchange Commission has threatened to sue non-fungible tokens marketplace OpenSea, the company's CEO said in a post on social media platform X on Wednesday.
In January 2022, OpenSea raised $300 million in new series C funding, propelling the company's valuation to $13.3 billion. [13] In January 2022, Forbes estimated the stakes in OpenSea owned by Finzer and his co-founder Alex Atallah to be worth $2.2 billion each, making them the first two non-fungible token billionaires. [ 2 ]
Williams is also keeping an eye on potential tariffs under Trump that may cause price hikes. All six of the alcohol companies mentioned above clocked negative stock performance in the past year ...
The concept of non-fungible digital assets that could be owned on a blockchain predated ERC-721, with projects like Colored Coins on Bitcoin in 2012. [7] In 2017, just prior to ERC-721’s publication, Larva Labs launched the CryptoPunks NFT project on Ethereum using ERC-20 (a fungible token standard).
At the beginning of the year, forward price/earnings (P/E) multiple was 19x. Many strategists believed that was high and there was little room for it to go higher. Some even expected it to come down .