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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.
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 ]
A former senior employee at the internet’s largest NFT trading platform has been arrested and named in the government’s first case alleging insider trading of
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.
Kinsey Crowley, USA TODAY. August 27, 2024 at 1:51 PM. ... Data from OpenSea shows the volume of NFT sales dropped more than 90% from their peak in January 2022 to Aug. 1 of this year.
These functions allow transfers initiated by the token owner, or an approved operator of their individual tokens. Further, developers can implement custom logic to these transfer functions, providing the functionality for NFT protocols to operate. For example, marketplaces like OpenSea, make use of approved operators to facilitate the sale of NFTs.
SaaS-Enabled Marketplace model; 130,130 [22] Gumtree: London, UK Online classifieds 2000 Buy, sell and wanted marketplace using both free and paid classifieds ads. Fees to upgrade ad listing. 155,158 [23] 1,105 [24] Gumroad: San Francisco, CA, US Creative services 2011 Marketplace for creative digital services. Gumroad charges a flat 10% fee to ...