Difference between revisions of "OpenSea"
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'''OpenSea''', is a online marketplace that allows individuals to buy and sell [[Non-fungible tokens]] (NFTs). The founders [https://en.wikipedia.org/wiki/Devin_Finzer Devin Finzer] (CEO) and | '''OpenSea''', is a online marketplace that allows individuals to buy and sell [[Non-fungible tokens]] (NFTs). The founders [https://en.wikipedia.org/wiki/Devin_Finzer Devin Finzer] (CEO) and | ||
| − | Alex Atallah (CTO) launched the OpenSea beta version of the marketplace December 2017, the first open marketplace for any non-fungible token on the Ethereum [[blockchain]].<ref>[https://opensea.io/about "About | OpenSea"]. Retrieved Feb 11, 2023.</ref> OpenSea is currently among the largest NFT marketplaces today, with popular NFT categories including art, music, photography, trading cards, and virtual worlds.<ref name="DR">David, Rodeck (Feb 1, 2023). [https://www.forbes.com/advisor/investing/cryptocurrency/best-nft-marketplaces/ "Top NFT Marketplaces of February 2023"]. Retrieved Feb 11, 2023.</ref> Opensea has charged a fee of 2.5 percent for each transaction since the release in 2017. <ref name="DR">David, Rodeck (Feb 1, 2023). [https://www.forbes.com/advisor/investing/cryptocurrency/best-nft-marketplaces/ "Top NFT Marketplaces of February 2023"]. Retrieved Feb 11, 2023.</ref> OpenSea continues to expand it reach to new NFTs across blockchain and keep a straightforward marketplace for users.<ref name="DR">David, Rodeck (Feb 1, 2023). [https://www.forbes.com/advisor/investing/cryptocurrency/best-nft-marketplaces/ "Top NFT Marketplaces of February 2023"]. Retrieved Feb 11, 2023.</ref> OpenSea has created a popular marketplace, with everything it has to offer, it is also important to know the concerns regarding to personal privacy, access rights, liabilities, and other ethical issues. < | + | Alex Atallah (CTO) launched the OpenSea beta version of the marketplace December 2017, the first open marketplace for any non-fungible token on the Ethereum [[blockchain]].<ref>[https://opensea.io/about "About | OpenSea"]. Retrieved Feb 11, 2023.</ref> OpenSea is currently among the largest NFT marketplaces today, with popular NFT categories including art, music, photography, trading cards, and virtual worlds.<ref name="DR">David, Rodeck (Feb 1, 2023). [https://www.forbes.com/advisor/investing/cryptocurrency/best-nft-marketplaces/ "Top NFT Marketplaces of February 2023"]. Retrieved Feb 11, 2023.</ref> Opensea has charged a fee of 2.5 percent for each transaction since the release in 2017. <ref name="DR">David, Rodeck (Feb 1, 2023). [https://www.forbes.com/advisor/investing/cryptocurrency/best-nft-marketplaces/ "Top NFT Marketplaces of February 2023"]. Retrieved Feb 11, 2023.</ref> OpenSea continues to expand it reach to new NFTs across blockchain and keep a straightforward marketplace for users.<ref name="DR">David, Rodeck (Feb 1, 2023). [https://www.forbes.com/advisor/investing/cryptocurrency/best-nft-marketplaces/ "Top NFT Marketplaces of February 2023"]. Retrieved Feb 11, 2023.</ref> OpenSea has created a popular marketplace, with everything it has to offer, it is also important to know the concerns regarding to personal privacy, access rights, liabilities, and other ethical issues. <ref>Justin, Scheck (Feb 12, 2022). [https://www.wsj.com/articles/openseas-nft-free-for-all-11644642042 "OpenSea's NFT Free-for-All"]. Retrieved Feb 11, 2023.</ref> |
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== History == | == History == | ||
| + | *2017 | ||
| + | OpenSea, founded in 2017 by [https://en.wikipedia.org/wiki/Devin_Finzer Devin Finzer] and | ||
| + | Alex Atallah. | ||
| + | *2018 | ||
| + | In February, OpenSea raises $2 million to make true digital ownership more accessible. Notable investors include: [https://golden.com/wiki/Coinbase_Ventures-AMB6J8P Coinbase Ventures], [https://en.wikipedia.org/wiki/Founders_Fund Founders Fund], and [https://golden.com/wiki/The_Chernin_Group-NMY9VVK Chernin Group]. Now with OpenSea, there is an option of exchanging digital collectibles between a third party that was originally done between two "untrusted" parties. Over the first few months, OpenSea had over half a million dollars in Ethereum a [[Cryptocurrency]] transferred through their [https://en.wikipedia.org/wiki/Smart_contract smart contract].<ref name="blog_2018"> Devin, Finzer (May 10, 2018). [https://opensea.io/blog/articles/opensea-raises-2-million "OpenSea raises $2 million"]. Retrieved Feb 11, 2023.</ref> | ||
| + | In June, OpenSea announces the ability to bid on NFTs. This allowed buyers and sellers a new option to obtain NFTs on OpenSea. OpenSea worked with a team at [https://wyvernprotocol.com/ Wyvern protocol] to create this new marketplace option.<ref> Devin, Finzer (June 13, 2018). [https://opensea.io/blog/articles/bid-on-your-favorite-crypto-collectibles "Bid on your favorite Crypto Collectibles!"]. Retrieved Feb 11, 2023.</ref> | ||
| + | In July, they continued working with Wyvern protocol to build another feature, the allowed sellers to list their NFT's without paying [https://www.investopedia.com/terms/g/gas-ethereum.asp gas]. | ||
| + | *2019 | ||
| − | + | == Social Media == | |
| − | + | ||
| − | + | ||
| − | + | ||
== Competitors == | == Competitors == | ||
== Ethical concerns == | == Ethical concerns == | ||
Revision as of 06:46, 12 February 2023
OpenSea, is a online marketplace that allows individuals to buy and sell Non-fungible tokens (NFTs). The founders Devin Finzer (CEO) and Alex Atallah (CTO) launched the OpenSea beta version of the marketplace December 2017, the first open marketplace for any non-fungible token on the Ethereum blockchain.[1] OpenSea is currently among the largest NFT marketplaces today, with popular NFT categories including art, music, photography, trading cards, and virtual worlds.[2] Opensea has charged a fee of 2.5 percent for each transaction since the release in 2017. [2] OpenSea continues to expand it reach to new NFTs across blockchain and keep a straightforward marketplace for users.[2] OpenSea has created a popular marketplace, with everything it has to offer, it is also important to know the concerns regarding to personal privacy, access rights, liabilities, and other ethical issues. [3]
Contents
History
- 2017
OpenSea, founded in 2017 by Devin Finzer and Alex Atallah.
- 2018
In February, OpenSea raises $2 million to make true digital ownership more accessible. Notable investors include: Coinbase Ventures, Founders Fund, and Chernin Group. Now with OpenSea, there is an option of exchanging digital collectibles between a third party that was originally done between two "untrusted" parties. Over the first few months, OpenSea had over half a million dollars in Ethereum a Cryptocurrency transferred through their smart contract.[4]
In June, OpenSea announces the ability to bid on NFTs. This allowed buyers and sellers a new option to obtain NFTs on OpenSea. OpenSea worked with a team at Wyvern protocol to create this new marketplace option.[5]
In July, they continued working with Wyvern protocol to build another feature, the allowed sellers to list their NFT's without paying gas.
- 2019
Social Media
Competitors
Ethical concerns
Scammers
Hackers
Bugs
References
- ↑ "About | OpenSea". Retrieved Feb 11, 2023.
- ↑ 2.0 2.1 2.2 David, Rodeck (Feb 1, 2023). "Top NFT Marketplaces of February 2023". Retrieved Feb 11, 2023.
- ↑ Justin, Scheck (Feb 12, 2022). "OpenSea's NFT Free-for-All". Retrieved Feb 11, 2023.
- ↑ Devin, Finzer (May 10, 2018). "OpenSea raises $2 million". Retrieved Feb 11, 2023.
- ↑ Devin, Finzer (June 13, 2018). "Bid on your favorite Crypto Collectibles!". Retrieved Feb 11, 2023.
