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About
OpenSea operates a marketplace where users can buy, sell, and create non-fungible tokens (NFTs). The platform allows users to mint NFTs, which means they can create unique digital assets, and it supports various blockchain networks, giving users flexibility in managing their assets. OpenSea is designed to be user-friendly, making it accessible for artists, collectors, and investors. Unlike many other NFT marketplaces, OpenSea offers a wide range of options for users to interact with their digital assets and ensures security throughout the transaction process. The company's goal is to facilitate the growth of the NFT ecosystem by providing a reliable platform for users to engage in the buying and selling of digital art and collectibles.
Company Stage
Series C
Employees
501-1,000
Industries
Consumer Software, Crypto & Web3
Total Funding
$415.6M
Headquarters
New York City, New York
Founded
2017
Simplify's Take
What believers are saying
- Growing interest in Bitcoin-based NFTs presents diversification opportunities for OpenSea.
- High-profile partnerships, like PRIVATE POLICE, indicate potential market expansion for OpenSea.
- Meme-based NFTs' popularity offers a niche market OpenSea can capitalize on.
What critics are saying
- Public leak of user emails increases phishing risks, potentially damaging OpenSea's reputation.
- Inconsistent trading activity in high-profile collections may impact OpenSea's transaction volumes.
- New NFT marketplaces like Magic Eden increase competition, challenging OpenSea's market position.
What makes OpenSea unique
- OpenSea supports multiple blockchain networks, offering diverse options for digital asset management.
- The platform provides a user-friendly interface, attracting artists, collectors, and investors alike.
- OpenSea's robust security features enhance trust among its wide range of clients.
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6 month growth
↓ -1%1 year growth
↓ -1%2 year growth
↓ -1%Benefits
Paid family leave - Whether you’re bonding with a new child or taking care of a family member, we understand you need this time off.
Health insurance - Your wellness is important. We've got you covered. Take care of yourself to come to work happy and healthy.
Flexible vacation policy - Sometimes we all need a break. Take one, take many. Just come back recharged and inspired.
Flexible hours - We know you have personal priorities to take care of. Take care of them and work on your own hours; we’re flexible.
Work from home - Avoid long commutes in and out of the office. Instead, work in the comfort of your own home and set-up.
Workshops & conferences - Attend relevant workshops and conferences to grow and develop. It’s our priority.
Travel & company retreats - As an international team, we take the time to meet up for company retreats.
Game nights - Once a month, we set work aside and play a game or two to bond as a team.
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