OpenSea
Founded Year
2017Stage
Series C | AliveTotal Raised
$425.12MValuation
$0000Last Raised
$300M | 2 yrs agoAbout OpenSea
OpenSea allows users to buy and sell crypto goods through smart contracts. It operates as a peer-to-peer marketplace for crypto goods including non-fungible tokens (NFTs), collectibles, gaming items, and other virtual goods backed by a blockchain. It was founded in 2017 and is based in New York, New York.
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Research containing OpenSea
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned OpenSea in 10 CB Insights research briefs, most recently on May 24, 2023.
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Expert Collections containing OpenSea
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
OpenSea is included in 4 Expert Collections, including Unicorns- Billion Dollar Startups.
Unicorns- Billion Dollar Startups
1,214 items
Blockchain
11,211 items
Companies in this collection build, apply, and analyze blockchain and cryptocurrency technologies for business or consumer use cases. Categories include blockchain infrastructure and development, crypto & DeFi, Web3, NFTs, gaming, supply chain, enterprise blockchain, and more.
Influencer & Content Creator Tech
319 items
Companies that serve independent creators who want to monetize their own work, from content creation tools to administrative back-end platforms to financing solutions.
Blockchain 50
50 items
Latest OpenSea News
Dec 8, 2023
Link copied According to data from DappRadar, OKX NFT marketplace secured 32% dominance in the NFT sector, surpassing OpenSea in trading volume. In a blog post on Dec. 7, 202, DappRadar gathered top marketplaces for trading digital collectibles, which allocated the most liquidity in November 2023. According to the data, the Blur marketplace was ranked the top platform, controlling a 35% share of the NFT trading volume and generating $345 million in trades in November 2023. Top NFT trading platforms by volume | Source: DappRadar OKX NFT, a digital marketplace powered by the OKX crypto exchange, appeared to be the second-largest NFT platform over the past month, surpassing OpenSea in trading volume. As per DappRadar, OKX NFT secured a “substantial 32% dominance in the NFT sector,” overtaking OpenSea, which is currently holding a 10% market share in terms of trading volume. Yet, DappRadar Blockchain Analyst Sara Gherghelas notes that OpenSea remains the top platform in terms of user base with over 190,000 registered accounts as of November 2023. She also suggested OKX succeeded in its efforts thanks to its bet on unique offerings of Bitcoin Ordinals art pieces. However, it is yet to be seen if OKX could retain its title given that Bitcoin Core developers are planning to get rid of Inscriptions, essentially putting an end to Bitcoin Ordinals and BRC-20 tokens. As crypto.news reported , Bitcoin Core developer Luke Dashjr hopes to put an end to BRC-20 tokens and Bitcoin-based NFTs with a set of upgrades as these products appear to be spamming the network, leading to an excessive amount of data being stored on the blockchain. Bitcoin Ordinals are non-fungible tokens that enable the inscribing of data onto a satoshi, the smallest division of a Bitcoin. Since its launch in January 2023, the protocol has seen the inscription trend take off, leading to thousands being minted on the Bitcoin network. This has caused congestion and spikes in transaction fees, reaching a peak in April and May 2023.
OpenSea Frequently Asked Questions (FAQ)
When was OpenSea founded?
OpenSea was founded in 2017.
Where is OpenSea's headquarters?
OpenSea's headquarters is located at 105 East 24th Street, New York.
What is OpenSea's latest funding round?
OpenSea's latest funding round is Series C.
How much did OpenSea raise?
OpenSea raised a total of $425.12M.
Who are the investors of OpenSea?
Investors of OpenSea include Coatue, FinTech Collective, KRH, Paradigm, Andreessen Horowitz and 25 more.
Who are OpenSea's competitors?
Competitors of OpenSea include AtomicHub, Devour, Magic Eden, Ignium, DMarket and 7 more.
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Compare OpenSea to Competitors
Kitely Market is a virtual goods marketplace that enables content creators to serve avatars from all across the Metaverse from a single online store. Its goal is to create a critical mass of content, merchants and buyers to help the Metaverse evolve from a collection of separate systems to a unified ecosystem.
WAX is a company that operates in the gaming and blockchain industries. It provides a platform for fast transactions, gaming, and the exchange of Non-Fungible Tokens (NFTs) that can be linked to real-world goods and services. The company primarily serves the gaming and blockchain sectors. It was founded in 2017 and is based in Grand Cayman, Cayman Islands.
Hoard Exchange is a platform that aims to change the video game industry by enabling true ownership of virtual items and downloadable content using blockchain technology. The Hoard platform will facilitate 3 main things: 1) true ownership of virtual content for gamers; 2) a new model of game financing for developers; 3) development of a virtual goods marketplace and new opportunities for 'virtual employment'. By providing infrastructure for game developers to tokenize all aspects of their games on a blockchain, Hoard will enable gamers to finally own the items they pay real money for.
Operator of an online transaction platform for the game industry. The company offers an online marketplace for mobile games players to buy and sell account, virtual good, and in-game currency. It also provides recharging services.
Rarible delivers a community-owned non-fungible token marketplace. It enables users to create, sell, or collect digital items secured with blockchain. The company was founded in 2020 and is based in Wilmington, Delaware.
4Virtuals is the premier online marketplace for virtual goods and services. This includes software, in-game currency, video game mods, and other intangibles. The marketplace facilitates a safe, reliable exchange with the ability for buyers to pay using a variety of payment methods including PayPal, Bitcoin, and Dwolla. Sellers on the 4Virtuals’ platform then can get paid through several different mediums as well. To make it safe for the buyer and seller, both parties have to approve of each transaction to make the transaction final.
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