What Is OpenSea?
OpenSea is the first and largest marketplace for non-fungible tokens (NFTs) – unique, provably scarce, tradeable digital goods that can be used across multiple applications.
Background
The concept of OpenSea was born in 2017, around the same time as the birth of CryptoKitties. Inspired by this movement, Devin Finzer and Alex Atallah launched OpenSea, the first open marketplace for any non-fungible token on the Ethereum blockchain.
How It Works
OpenSea provides:
- Tools that allow consumers to trade their items freely.
- Creators to launch new digital works.
- Developers to build prosperous, integrated marketplaces for their digital items.
It supports multiple blockchains and offers a broad set of categories and the best prices for new emerging digital item classes. OpenSea is committed to being at the center of this growing industry and continues to invest in its core infrastructure to build the most accessible marketplace for buyers, sellers, and creators.
Key Takeaways
- OpenSea is the first and largest marketplace for non-fungible tokens (NFTs), unique and scarce digital goods that can be used across multiple applications.
- The concept of OpenSea came about in 2017, around the same time as CryptoKitties, signaling a shift in how we interact with digital items through blockchain technology.
- OpenSea was founded by Devin Finzer and Alex Atallah and operates on the Ethereum blockchain.
- OpenSea allows consumers to trade items freely, creators to introduce new digital works, and developers to build integrated marketplaces for their digital items.
- OpenSea supports multiple blockchains and offers various categories and competitive prices for emerging digital item classes, positioning itself at the center of this burgeoning industry.
