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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 platforms, OpenSea offers a wide range of options for users to interact with their digital assets and ensures security through its features. The company earns money by charging transaction fees on sales made through its platform, and it has attracted significant investment from well-known figures in the tech and entertainment industries.
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 fractional ownership of NFTs expands market participation opportunities.
- Increased adoption of layer-2 solutions reduces transaction costs for NFT transactions.
- Emergence of NFT-based loyalty programs could drive mainstream users to OpenSea.
What critics are saying
- OpenSea faces rising competition from platforms like Blur and Magic Eden.
- Regulatory scrutiny from the SEC could increase compliance costs for OpenSea.
- Dogecoin-related projects may divert attention from traditional NFT marketplaces like OpenSea.
What makes OpenSea unique
- OpenSea supports multiple blockchain networks, offering diverse options for digital asset management.
- The platform provides a user-friendly interface and robust security features for NFT transactions.
- OpenSea has strong backing from prominent investors like Mark Cuban and Alexis Ohanian.
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6 month growth
↓ -2%1 year growth
↓ -7%2 year growth
↓ -11%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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