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OpenSea is an American non-fungible token (NFT) marketplace headquartered in New York City.The company was founded by Devin Finzer and Alex Atallah in 2017. [2] [3]OpenSea offers a marketplace online allowing for non-fungible tokens to be sold directly at a fixed price, or through an auction.
The top NFT marketplace plants a flag in the ground for creator royalties—but only after taking flak for considering otherwise. OpenSea Pledges to Enforce NFT Royalties After Creator Backlash ...
"OpenSea has received a Wells notice from the SEC threatening to sue us because they believe NFTs on our platform are securities," OpenSea co-founder and CEO Devin Finzer said. ... An NFT is a ...
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] In April 2023, the net worths of both founders were estimated to have fallen to less than $600 million each following a steep decline in OpenSea's ...
The first known "NFT", Quantum, [25] was created by Kevin McCoy and Anil Dash in May 2014. It consists of a video clip made by McCoy's wife, Jennifer. McCoy registered the video on the Namecoin blockchain and sold it to Dash for $4, during a live presentation for the Seven on Seven conferences at the New Museum in New York City.
In late 2021, the popularity of Bored Apes spurred copycat NFT projects. PHAYC and Phunky Ape Yacht Club were two such projects centered around the same idea of selling NFTs of mirrored but otherwise identical images of Bored Ape NFTs. [42] The OpenSea NFT marketplace banned both projects in December 2021. [42]
Reactor NFT art, created by Bundlie, became the first NFT art to be announced to be actively being translated into a feature film on March 14, 2024. [9] [10] On January 4, 2022, NFT company Metacurio licensed Bundlie's art for an NFT collection called Reactor Motors which was released on Opensea. The collection consisted of 8888 unique 3D ...
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