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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 with digital collectibles.
Company Stage
N/A
Employees
501-1,000
Industries
Consumer Software, Crypto & Web3
Total Funding
$415.6M
Headquarters
N/A
Founded
2017
Simplify's Take
What believers are saying
- High-profile auctions, like Sotheby's sale of Bored Ape NFTs, continue to validate OpenSea's relevance and prestige in the fine art and digital collectible markets.
- Collaborations with major gaming projects, such as Moonray's play-to-airdrop campaign, highlight OpenSea's potential to integrate with emerging gaming ecosystems.
- The platform's involvement in culturally significant projects, like the Vatican Library's NFT initiative, enhances its reputation and broadens its user base.
What critics are saying
- The recent sharp decline in Bored Ape Yacht Club (BAYC) prices could signal broader volatility and declining interest in the NFT market, impacting OpenSea's transaction volumes.
- High-profile controversies, such as the dismissal of Dr. Disrespect from Midnight Society, could negatively affect the perception of NFT projects associated with OpenSea.
What makes OpenSea unique
- OpenSea's position as the world's largest web3 marketplace allows it to attract high-profile collaborations, such as with Toikido and GaryVee's VeeFriends.
- The platform's ability to support innovative projects like the Vatican Library's soulbound NFTs and Galaxy Digital's tokenized Stradivarius violin demonstrates its versatility and appeal across diverse sectors.
- OpenSea's extensive marketplace and user base provide a robust ecosystem for NFT trading, setting it apart from smaller, niche competitors.
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6 month growth
↓ -3%1 year growth
↓ -8%2 year growth
↓ -10%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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