OpenSea
About OpenSea
OpenSea is a decentralized peer-to-peer marketplace for buying, selling, and trading NFTs. The platform runs on the Ethereum blockchain. It was founded in 2017 by software engineers Alex Atallah and Devin Finzer and became the first decentralized NFT marketplace.
In fact, OpenSea brands itself as the largest marketplace for digital goods as it has a broad range of available items in over 200 categories and claims to have the best prices for new items. Digital artists and content creators can use the platform to mint NFTs, create custom marketplaces and NFT collections, set fees on their tokens, and create auctions to sell them.
OpenSea’s marketplace is non-custodial, meaning that no central party has control of the transactions on the platform. Instead, transactions are facilitated by self-executing smart contracts that guarantee fair trade between wallets. This way, OpenSea can allow anyone to trade NFTs in the global market yet take no custody for any items listed on its marketplace.
OpenSea Features
OpenSea merely provides an open platform for users to trade while taking only 2.5% of the purchase price of every NFT sold, which the platform boasts as the lowest in the space as of April 2021.
OpenSea News
Crypto
OpenSea is evolving to become a platform to ‘trade everything’; set to launch token in 2026
OpenSea wants to become a one-stop destination to trade all kinds of assets while gearing up to launch a mobile application.
- R0AR Brings NFTs Back From the Dead With the Launch of Executive R0AR Society on OpenSea
R0AR embeds real utility in NFTs, offering staking, governance, and AI-driven personalization within its ecosystem.
- OpenSea’s OS2 launch brings 44% increase in user activity amid 2 million NFT sales
Gamified engagement strategies drive OpenSea's user activity amidst broader NFT market optimism.
- OpenSea Foundation announces upcoming SEA token amid OS2 open beta launch
OS2 platform merges NFT and token trading with cross-chain support and an XP reward system for collectors and traders.
OpenSea Video
OpenSea Team
All images, branding and wording is copyright of OpenSea. All content on this page is used for informational purposes only. CryptoSlate has no affiliation or relationship with the company mentioned on this page.
