Introduction
OpenSea was founded in 2017 by Alex Atallah Catherine Sison Pariño, and Devin Finzer. It has its headquarter in New York, United States.
OpenSea is a peer-to-peer marketplace for crypto collectibles and non-fungible tokens. It includes collectibles, gaming items, and other virtual goods backed by a blockchain. On OpenSea, anyone can buy or sell these items through a smart contract. At OpenSea, there is a brand new type of digital good called a non-fungible token, or NFT. NFTs have exciting new properties: they’re unique, provably scarce, tradeable, and usable across multiple applications. Just like physical goods, you can do whatever you want with them! You could throw them in the trash, gift them to a friend across the world, or go sell them on an open marketplace. But unlike physical goods, they're armed with all the programmability of digital goods.
A core part of the company’s vision is that open protocols like Ethereum and interoperable standards like ERC-721 and ERC-1155 will enable vibrant new economies. The company is building tools that allow consumers to trade their items freely, creators to launch new digital works, and developers to build rich, integrated marketplaces for their digital items.
Mission
The vision of the company is to build the most accessible marketplace for buyers, sellers, and creators.
Why OpenSea?
OpenSea is the largest general marketplace for user-owned digital items, supporting multiple blockchains, with the broadest set of categories and the best prices for new emerging digital item classes.
Funding
OpenSea has raised a total of $427.2M in funding over 9 rounds and is funded by 49 investors.
Below, are the details of the different rounds of funding received by OpenSea.
Funding Round | Money Raised | Number of Investors | Lead Investors |
Series C | $300M | 4 | Coatue
Paradigm |
Secondary Market | - | - | - |
Series B | - | 1 | - |
Series B | - | 1 | - |
Series B | $100M | 8 | Andreessen Horowitz |
Series A | $23M | 27 | Andreessen Horowitz |
Seed Round | $2.1M | 6 | gumi Cryptos Capital (gCC) |
Seed Round | $2M | 10 | 1confirmation |
Pre Seed Round | $120K | 1 | Y Combinator |
Acquisitions
OpenSea has acquired two organizations namely Dharma Labs and Atomic Bazaar.
News & Media
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