OpenSea

OpenSea

OpenSea Official Logos [1] Type NFT Marketplace Launch Date 2017 Status Active Product Line Service Platform Web Website 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. OpenSea is currently among the largest NFT marketplaces today, with popular NFT categories including art, music, photography, trading cards, and virtual worlds. Opensea has charged a fee of 2.5 percent for each transaction since the release in 2017. OpenSea continues to expand it reach to new NFTs across blockchain and keep a straightforward marketplace for users. 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.

History

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Timeline

2017

In December, OpenSea was founded 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.

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.

In July, they continued working with Wyvern protocol to build another feature, the allowed sellers to list their NFT's without paying gas.

Axies are not tradeable https://opensea.io/blog/articles/axies-are-now-tradeable

In October, OpenSea introduces bundles, a requested feature where users have the ability to sell a group of nfts all at once rather than separately.https://opensea.io/blog/articles/introducing-bundles

In November, OpenSea allows a cryptocurrency MANA token to be supported on OpenSea. This currency comes from Decentaland. A web 3 game where you purchase land and can... https://opensea.io/blog/articles/buy-and-sell-crypto-collectibles-with-mana

another feature brought to OpenSea in NOVEMBER was the ability to buy and sell crypto collectibles with Dai, another crypto currency token.https://opensea.io/blog?30f2d4c5_page=7. Along with USDC, a government pegged to the dollar token crypto currency. https://opensea.io/blog/articles/buy-and-sell-crypto-collectibles-with-usdc https://medium.com/@brianubiquik/nfty-27-enter-the-microverse-f19a756d55d6

also in november. opensea partners with Dapp.com https://opensea.io/blog/articles/opensea-black-friday-sale

In December, OpenSea acquires Atomic Bazaar to bring real time trading to OpenSea users. https://opensea.io/blog/articles/atomic-bazaar Also with the release of cryptotickets, erc721 tickets are tickets that could be uses in person using simple proo of ownership . This allowed https://opensea.io/blog/articles/cryptotickets-erc721-tickets

• 2019

In January, OpenSea announces zero fee private auctions. https://opensea.io/blog/articles/zero-fee-private-auctions Bulk transfers https://opensea.io/blog/articles/zero-fee-private-auctions

In Feb, OpenSea collabs with opera browser integrated cryptocollectible experience https://opensea.io/blog/articles/opera-and-opensea-collaborate OpenSea comprehensive API for eth nfts, contracts, events etc. facets of coinbase wallet, trust wallet, etc. https://opensea.io/blog/articles/imtoken-and-opensea

In May, brand new marketplace place for ENS names. https://opensea.io/blog/articles/a-brand-new-marketplace-place-for-ens-names-buy-and-sell-ens-names-on-opensea

In September, The big announcement of ERC1155 marketplace. This was HUGE https://opensea.io/blog/articles/erc1155-marketplace

In October, you could now create your own marketplace to sell your created, as an artist, nfts. https://opensea.io/blog/articles/how-to-create-your-own-marketplace-on-opensea-in-three-minutes-or-less. Later on this became stressful because artist wanted their own artwork contract rather than being on OpenSea storefront contract. Also the ease to create copies and fake nfts to sell became a huge problem at this time.

In December, OpenSea tansforms collectible card econmories using blockchain. https://opensea.io/blog/articles/sell-hearthstone-cards

• 2020

January, OpenSea uses basic machine learning to predict and recommend NFTs with OpenSea data https://opensea.io/blog/articles/predict-and-recommend-nfts This could be an ETHICAL ISSUE

March, embeddable nfts https://opensea.io/blog/articles/announcing-embeddable-nfts

June, opensea drops https://opensea.io/blog/articles/introducing-opensea-drops

December, free creating nfts https://opensea.io/blog/articles/introducing-the-collection-manager

• 2021

Feb, tezos nfts are coming to OpenSea https://opensea.io/blog/articles/tezos-nfts-are-coming-to-opensea

March, Art Blocks https://opensea.io/blog/articles/art-blocks March, OpenSea raises 23M to scale the largest marketplace for NFTs https://opensea.io/blog/articles/opensea-raises-23m-to-scale-the-largest-marketplace-for-nfts

June, Decentralizing NFT metadata on OpenSea, metadata is https://opensea.io/blog/articles/decentralizing-nft-metadata-on-opensea

July, OpenSea raises 100m in series B https://opensea.io/blog/articles/announcing-our-100m-raise-led-by-a16z

Aug, new features https://opensea.io/blog/articles/new-features-updates-july-2021

Sep, new features https://opensea.io/blog/articles/new-features-and-updates-august-21

Sep, introducing the OpenSea mobile app https://opensea.io/blog/articles/introducing-the-opensea-mobile-app

Oct, better offer management features, new listing flow https://opensea.io/blog/articles/hello-better-offer-management-features-new-listing-flow

Oct, new features and updates https://opensea.io/blog/articles/new-features-and-updates-mobile-app-offer-management-tools-and-more

Oct, improve nfts security https://opensea.io/blog/articles/opensea-collaborates-with-check-point-research-to-mitigate-vulnerability

Nov, new featuers https://opensea.io/blog/articles/new-features-updates-user-safety-adobe-and-more

Dec, new CFO, after previous ceo did this: https://opensea.io/blog/articles/introducing-brian-roberts-our-new-cfo

• 2022

Jan, OpenSea raises 300m in series c. https://opensea.io/blog/articles/announcing-openseas-new-funding

Jan, OpenSea creates bug bounty program https://opensea.io/blog/articles/openseas-bug-bounty-program

Jan, Introducing NFT Security group https://opensea.io/blog/articles/introducing-the-nft-security-group

OpenSea arquires Dharma Labs https://opensea.io/blog/articles/opensea-acquires-dharma-labs-welcomes-new-cto

Listing and delisting updates https://opensea.io/blog/articles/important-updates-for-listing-and-delisting-your-nfts

Feb, Wyvern 2.3 Upgrade https://opensea.io/blog/articles/wyvern-2-3-developer-upgrade-guide

Feb, OpenSea partners with CoinTracker for tax help. https://opensea.io/blog/articles/nft-tax-help-has-arrived-through-our-partnership-with-cointracker

Feb, contract upgrade https://opensea.io/blog/articles/announcing-a-contract-upgrade

April, Solana nfts now beta on opensea https://opensea.io/blog/articles/check-out-solana-in-beta-on-opensea

April Opensea acquires Gem https://opensea.io/blog/articles/opensea-acquires-gem-to-invest-in-pro-experience

May, Verification process for projects is being improved https://opensea.io/blog/articles/were-improving-the-opensea-verification-process

May, update on copumint prevention https://opensea.io/blog/articles/improving-authenticity-on-opensea-updates-to-verification-and-copymint-prevention

May, seaport protocol https://opensea.io/blog/articles/introducing-seaport-protocol

May, new opensea user interface https://opensea.io/blog/articles/updating-the-opensea-experience

June, curb fraud and plagiarism. https://opensea.io/blog/articles/our-efforts-to-curb-fraud-and-plagiarism-and-whats-next

June, ability to hide suspicious nft transfers https://opensea.io/blog/articles/hiding-suspicious-nft-transfers-on-opensea

June, launching of seaport and saving fees https://opensea.io/blog/articles/launching-seaport-saving-the-community-millions-in-fees

June 29th, important update on email vendor security incident https://opensea.io/blog/articles/important-update-on-email-vendor-security-incident

July, Announcing opesea's solana launchpad https://opensea.io/blog/articles/opensea-solana-launchpad

July 30, Chris Dixon joins Board of Directors https://opensea.io/blog/articles/welcoming-chris-dixon-to-our-board-of-directors

Aug, update on verification https://opensea.io/blog/articles/an-update-on-verification-and-copymint-prevention

Sept, new opensea homepage, https://opensea.io/blog/articles/introducing-the-new-opensea-homepage

Sept, drops on opensea https://opensea.io/blog/articles/drops-on-opensea-an-immersive-and-secure-minting-experience

Sept, Expanging the global nft ecosystem https://opensea.io/blog/articles/expanding-the-global-nft-ecosystem-a-preview-of-chain-expansion-and-language-support

Nov, efforts to prevent nft theft https://opensea.io/blog/articles/our-efforts-to-prevent-nft-theft

Nov creator fees https://opensea.io/blog/articles/on-creator-fees

• 2023

Feb, January product updates https://opensea.io/blog/articles/product-updates-january-2023

Feb, new private beta testing program https://opensea.io/blog/articles/private-beta-testing-program

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