OpenSea
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.
