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OpenSea runs a peer-to-peer marketplace for non-fungible tokens (NFTs). It lets creators mint NFTs and buyers and sellers trade them on a single platform that works with multiple blockchain networks. The product works by letting users list NFTs for sale, bid or purchase, and manage their digital assets through an easy-to-use interface, with security features to protect transactions. OpenSea differentiates itself from competitors through its large, diverse marketplace that supports many blockchains, broad user base, and established investor backing, which helps liquidity and trust. The company aims to make owning and trading digital assets simple for artists, collectors, and investors by providing a widely used, multi-chain platform for NFT minting, buying, and selling.
Industries
Data & Analytics
Consumer Software
Crypto & Web3
Company Size
501-1,000
Company Stage
Series C
Total Funding
$427.2M
Headquarters
New York City, New York
Founded
2017
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Total Funding
$427.2M
Above
Industry Average
Funded Over
6 Rounds
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Proof of Attendance Protocol shuts down after five years, casting doubt on NFT utility. * C. Monasterio * Published: August 3, 2026 * 8:11 pm * Updated: August 3, 2026 * 8:47 pm Table of Contents Proof of Attendance Protocol (POAP), the iconic project that popularized the issuance of digital badges on the blockchain to certify event attendance, ceased issuing new badges after more than five years in operation. The platform officially entered maintenance mode after minting more than 6.7 million unique credentials since its inception in 2019. Its founders, Patricio Worthalter and Isabel Gonzalez, confirmed that the team will shift its resources toward creating a new standard for open collectibles, maintaining support only for the current infrastructure. After 5+ years, Crypto Economy is winding down POAP. Over the years, Crypto Economy: * minted millions of collectibles across hundreds of communities. * did incredible collaborations with world-class organizations - Coinbase, Amex, WMG, Bayer, and a long tail of others, including countless in crypto... pic.twitter.com/iFbRqs5qsI - isabel (@izonline) August 3, 2026 The end of badge issuance highlights the business model challenges facing utility NFTs and decentralized infrastructure operating without a native token. Despite raising $10 million in 2022 and enjoying strong community adoption, the protocol failed to establish a sustainable monetization pathway to cover its operating and development costs. The 6.7 million previously minted badges will remain permanently on-chain, leaving a clear lesson about the gap between user traction and financial profitability in the crypto ecosystem. This shutdown forces the Web3 industry to re-evaluate the economic sustainability of non-financial services before developing new standards. Collectors will retain the permanent, immutable record of their past participation on the blockchain. Disclaimer: Crypto Economy's Flash News articles are prepared from official and public sources verified by its editorial team. Their purpose is to quickly report on relevant events in the crypto and blockchain ecosystem. This information does not constitute financial advice or investment recommendations. Crypto Economy recommend always verifying the official channels of each project before making related decisions. Hyperliquid News TL;DR OpenSea is preparing to launch perpetual futures trading through a partnership with Hyperliquid, expanding its business beyond NFT marketplaces. The integration could provide access Price Prediction TL;DR Ecosystem: MOBOX blends gaming, NFTs, and DeFi into a free-to-play, play-to-earn platform powered by the MBOX token. Utility: MBOX drives rewards, staking, and MOMO MOBOX introduces a unified approach to Web3 entertainment by blending gaming, digital ownership, and token-driven incentives into a single ecosystem. It offers a structured environment Cardano News TL;DR: JPG Store and Comet will permanently close their doors on May 23, 2026, after five years of operation. The marketplace entered "restriction mode" on There was a time, not so long ago, when the word NFT was synonymous with easy money, digital status, and a revolution that was going flash news A user known as @ufukless1 launched a small collection of NFTs called "One Mint, One Hope" a few months ago, with no roadmap or marketing strategy, only the intention to keep Follow Crypto Economy on Social Networks Crypto Tutorials Crypto Reviews
OpenSea CMO Adam Hollander steps down after 18 months. July 30, 2026 Updated:July 30, 2026 No Comments 5 Mins Read Adam Hollander has introduced that he has stepped down as OpenSea's chief advertising officer after serving within the position for roughly a 12 months and a half, saying the choice was pushed by private priorities relatively than the corporate's enterprise outlook. * OpenSea CMO Adam Hollander has introduced his departure after serving within the position for about 18 months. * Hollander stated the choice was private, not profession associated, and that he plans to concentrate on his well being, household and private life. * He expressed confidence in OpenSea's management, merchandise and future roadmap whereas saying he isn't taking one other job. In a submit revealed on X, Hollander stated this week could be his final at OpenSea after discussing the choice with co-founder and CEO Devin Finzer. He stated he wouldn't be shifting to a different firm and as an alternative plans to spend time specializing in his well being, household and private pursuits whereas remaining concerned with the platform as a person and casual adviser. "The final 12 months and a half operating advertising for OpenSea has been a beautiful journey," Hollander wrote, including that the position had "taken the whole lot I've to provide." He stated the selection to depart was "much more of a private resolution... than knowledgeable one." OpenSea govt says confidence in firm has grown. Though leaving the corporate, Hollander stated his confidence in OpenSea had strengthened throughout his time there. He wrote that he believes within the firm's course and has "huge confidence" in each the merchandise below growth and the crew constructing them. He additionally made clear that his departure shouldn't be interpreted as a transfer prompted by dissatisfaction with the enterprise or by one other employment alternative. "I'm not taking one other job, and actually, explicitly plan to not," he stated. "I'm going to take a while to concentrate on my well being, household, hobbies, and naturally I'll be an everyday OpenSea person." Hollander added that he intends to stay accessible to offer recommendation, product concepts, and suggestions as a result of he needs {the marketplace} to succeed. Responding publicly on X, Finzer thanked Hollander for his contributions in the course of the previous 18 months. "I'm glad to have fought alongside you," Finzer wrote. He added that the corporate would proceed speaking brazenly with its group whereas constructing new merchandise. Advertising crew and upcoming OpenSea merchandise stay in focus. Wanting again on his tenure, Hollander stated one in all his proudest achievements was constructing a advertising crew that he described as succesful, entrepreneurial and deeply linked to artists, creators and collectors. He stated the group is effectively positioned to proceed working with out him and expressed confidence that the duties he dealt with as chief advertising officer at the moment are in succesful palms. Consideration additionally turned to the corporate's product roadmap after Hollander recommended a number of upcoming releases carry work he contributed to earlier than saying his departure. "There are such a lot of thrilling issues being constructed at OpenSea proper now," he wrote. "Issues I've at all times needed to see from the platform." With out figuring out these merchandise individually, Hollander stated he was proud that many would bear his "fingerprints" and that he seemed ahead to supporting the crew from the sidelines after leaving. His submit concluded with due to colleagues, builders, collectors and merchants who labored with him throughout his time on the firm earlier than signing off with, "For the final time as OpenSea's CMO... sails up." OpenSea has expanded past NFTs throughout his tenure. Hollander joined OpenSea in early 2025, a interval when the corporate had already begun increasing past its conventional NFT market enterprise. One of many clearest examples got here in June, when OpenSea signaled plans to introduce perpetual futures buying and selling. On the time, Product Advertising Lead Zack Brenner invited customers on X to request early entry to perpetual contracts, pointing to a brand new buying and selling product that may transfer the platform into on-chain derivatives. When requested whether or not the characteristic would run on Hyperliquid's infrastructure, Brenner replied "YES," in accordance with posts shared by Hyperliquid-focused accounts on X. OpenSea has not revealed a launch date, person phrases or a full checklist of supported property for the product. The proposed integration would permit OpenSea to supply perpetual contracts utilizing Hyperliquid's infrastructure as an alternative of constructing a derivatives alternate from scratch. SEA token plans and buying and selling technique proceed to develop. The perpetual futures initiative adopted earlier modifications to OpenSea's product roadmap. As beforehand reported by crypto.information, the corporate delayed the launch of its SEA token in March after citing market circumstances. Finzer stated on the time that the crew needed to make sure "every bit is in place" earlier than continuing with the rollout. Earlier reporting additionally linked the token to OpenSea's long-term "commerce the whole lot" technique, which mixes NFTs, token buying and selling and perpetual futures inside the similar ecosystem. CoinGecko's market rankings revealed in June positioned OpenSea third amongst NFT marketplaces by month-to-month buying and selling quantity, giving it a 19.9% market share and roughly $66.52 million in month-to-month quantity. Exterior the NFT enterprise, Hyperliquid has additionally attracted institutional curiosity in current months. Crypto.information beforehand reported that Grayscale up to date its proposed Hyperliquid ETF submitting with the ticker HYPG and a 0.29% administration price, becoming a member of current Hyperliquid-related funding merchandise from 21Shares and Bitwise.
OpenSea drops early access beta for Mutant apes. June 14, 2026 Key Takeaways: * OpenSea has officially launched an early access phase for its highly anticipated mobile application. * The initial rollout is exclusively available to holders of Bored Ape Yacht Club and Mutant Ape Yacht Club collections. * Eligible users must verify their digital assets through a designated portal to unlock the application download. * This token-gated strategy highlights the continued focus on rewarding established blue-chip NFT communities during major product launches. User Score Table of Contents Exclusive entry for yuga labs communities. In an effort to encourage mobile adoption of the popular NFT marketplace, OpenSea has initiated the early access phase for its new mobile application. The marketplace announced that holders of Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) NFTs will have access to the app as part of its initial roll out. By providing early access to this platform to one of the industry's most prominent and active NFT communities, OpenSea is able to evaluate the success of its mobile application before it is released to the remainder of the public. The mechanics of token gated access. In order to gain access to the mobile application, BAYC and MAYC holders will be required to follow the steps to access the mobile application portal provided by OpenSea. Such steps include connecting Web3 wallets to prove ownership of an NFT within their wallets. This form of access control is being used by many Web3 applications as a means of providing benefits to those with high values within the NFT world. While OpenSea has yet to officially make the mobile application public, BAYC and MAYC NFT holders will have early access to the mobile application. Expanding mobile access for NFT marketplaces. Currently, most NFT transactions and activities occur on desktop computers. As such, a mobile NFT application will allow those who own NFTs to browse and trade them while using their mobile devices. Furthermore, a mobile application will prove beneficial for those who would like to participate in the NFT market but who use mobile devices as their primary means of browsing the internet. According to industry analysts, a mobile platform will be crucial to the growth of the NFT industry in relation to a new demographic of NFT enthusiasts. Additionally, it will allow for a smoother experience for users with an interface that is specifically created for touch screen devices. Future rollouts and market impact. In addition to providing access to BAYC and MAYC holders, OpenSea plans to provide access to other NFT communities in the forthcoming weeks. The NFT platform wants to ensure that the mobile application can withstand the traffic of NFT enthusiasts before it becomes publicly available. An official public release of the mobile OpenSea NFT application is expected at some point in the future, potentially leading to an increase in the trading volume within the platform. For now, however, BAYC and MAYC holders are the only individuals with access to the latest iteration of the OpenSea NFT marketplace. Emily Dawson Emily Dawson began her career in business and technology journalism, writing for local newspapers and online publications, where she developed expertise in making complex subjects accessible and relatable. Her growing interest in blockchain and cryptocurrency led her to join Castle Crypto as a News Writer. At Castle Crypto, Emily covers breaking news, policy updates, and emerging trends across the crypto ecosystem. She specializes in transparent, research-driven reporting that makes complex technical updates accessible to all readers. Emily's approachable style and commitment to accuracy ensure Castle Crypto's audience can stay informed and confident, whether they are just beginning their crypto journey or looking to deepen their knowledge.
OpenSea launches free commemorative World cup NFT collection on Base. June 11, 2026 Key Takeaways: * OpenSea has announced a free commemorative digital asset collection titled World Cups by OpenSea, featuring 48 unique digital cups representing each participating country. * The digital collectibles will be minted on the Base layer-2 network to ensure low transaction fees and maximum accessibility for a global audience. * The minting window is scheduled to go live on Jun 11 at 10 pm Eastern Time directly on the OpenSea marketplace. User Score Table of Contents Celebrating global football on the blockchain. OpenSea is launching an interactive digital activation to coincide with the opening of the global tournament. The platform announced a free commemorative digital asset collection titled World Cups by OpenSea, allowing sports fans and digital collectors to engage with the sporting event through blockchain-based memorabilia. The promotional drop is timed to capture the massive wave of digital engagement surrounding the tournament's kickoff. By structuring the collection as a free mint, OpenSea aims to stimulate on-chain activity and draw broader retail interest to its platform during a period of heightened international attention. Collection structure and network selection. The digital collection will feature 48 unique digital cups, representing each of the 48 countries qualifying for participation in this year's competition. Fans from each of these countries stand to claim a portion of the digital memorabilia celebrating the soccer event. The tokens will be released on Base, the Ethereum layer-2 chain. By releasing these digital assets on the Base blockchain, fans will avoid the high transaction fees that will otherwise plague those attempting to engage on the main Ethereum blockchain. This will allow fans to claim these NFTs with negligible transaction costs. Minting schedule and platform strategy. The minting window is scheduled to officially open on Jun 11 at 10 pm Eastern Time. Eligible participants will be able to access the collection and claim their chosen country's digital cup directly through the main OpenSea user interface. Given the global appeal of international soccer and the cost-effective nature of the layer-2 deployment, market observers anticipate high traffic volumes when the minting contract goes live. This digital collection is part of an ongoing effort by the NFT marketplace OpenSea to integrate digital items with the most important dates and events of multiple countries. Throughout the past year, digital marketplaces have increased their efforts to license collectibles and digital items that relate to high-profile events in the sports and entertainment industries. By offering low-barrier, event-themed collections, platforms can introduce mainstream audiences to digital asset ownership without the financial friction often associated with premium NFT releases. Emily Dawson Emily Dawson began her career in business and technology journalism, writing for local newspapers and online publications, where she developed expertise in making complex subjects accessible and relatable. Her growing interest in blockchain and cryptocurrency led her to join Castle Crypto as a News Writer. At Castle Crypto, Emily covers breaking news, policy updates, and emerging trends across the crypto ecosystem. She specializes in transparent, research-driven reporting that makes complex technical updates accessible to all readers. Emily's approachable style and commitment to accuracy ensure Castle Crypto's audience can stay informed and confident, whether they are just beginning their crypto journey or looking to deepen their knowledge.
OpenSea teases perpetual futures trading powered by Hyperliquid. 2 mins read 7 hours ago * OpenSea's product marketing lead Zack Brenner confirmed on X that the NFT marketplace plans to offer perpetual futures trading powered by Hyperliquid. * The move would mark OpenSea's first step into crypto derivatives, potentially giving its large user base access to leveraged trading alongside NFTs. * No launch date or product details have been released. OpenSea, one of the biggest and most popular NFT marketplaces in the crypto industry, has teased a potential upcoming offering of perpetual contracts trading platformed on the Hyperliquid blockchain's infrastructure. This was signaled by OpenSea's product marketing lead, Zack Brenner, via a post on X on Monday. OpenSea cooking perps product. Zack posted on X on June 1 teasing the new product and asking his followers about who would love early access to perpetual contracts on the platform. The post drew almost 800 replies and over 1,000 likes. Who wants early access to perps on @opensea? | - Zack Brenner (@zjbrenner) June 1, 2026 A follower then asked whether Hyperliquid would power the feature, to which Brenner replied "YES." However, OpenSea has not published a product page, launch date, list of supported assets, or possible user terms for the planned feature yet. Why OpenSea is building with Hyperliquid. Hyperliquid has over the past year proven to be a major on-chain platform for derivatives trading and general blockchain features. By integrating Hyperliquid's infrastructure directly into OpenSea's framework, the NFT marketplace platform could offer perp trading without an entirely new exchange being built in into the marketplace. The partnership between these two crypto giants is expected to give the marketplace a relatively smooth introduction into crypto derivatives trading, which is already a market dominated majorly by centralized exchanges and some decentralized protocols. Hyperliquid will also expect to gain a heavier wave of new volume on its network, as it would be partnering with a global consumer-intensive brand with with a large pool of users and wallets. Hyperliquid has also drawn a lot of interest from traditional finance in recent months, in addition to its retail offerings in derivatives trading. Grayscale recently updated an ETF filing tied to Hyperliquid under the ticker HYPG with a 0.29% fee, while 21Shares and Bitwise already offer Hyperliquid-based products. OpenSea's position in NFTs. NFTs have lost plenty of ground since the 2021 peaks and the NFT boom in 2022, however, OpenSea is still doing $66.52 million in monthly NFT trading volume, a value representing 19.9% of the entire NFT exchanges' market share. This ranks OpenSea at third on CoinGecko's latest NFT marketplace rankings, according to data by WuBlockchain. A perpetual trading product would represent a sharp strategic pivot from strictly NFT trading. OpenSea had delayed its SEA token launch in March due to weak market conditions, with CEO Devin Finzer stating at the time that the team wanted to ensure "every piece is in place" before launching the token. Adding derivatives and perpetual contracts trading in partnership with Hyperliquid could help the NFT marketplace's serve existing users who would want to hedge NFT floor prices or take positions on multiple other crypto assets without leaving the platform. Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. Cryptopolitan strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions. Opeyemi specializes in creating and refining high-quality content focused on cryptocurrency, global financial markets and the economy. He graduated from the University of Ibadan with an MBBS degree. He has worked as Editor-in-Chief for his College's editorial publication and previously at CFA. For over six years, he has helped safeguard uniqueness as news editor at Cryptopolitan. TABLE OF CONTENT
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Industries
Data & Analytics
Consumer Software
Crypto & Web3
Company Size
501-1,000
Company Stage
Series C
Total Funding
$427.2M
Headquarters
New York City, New York
Founded
2017
Find jobs on Simplify and start your career today