OpenSea

OpenSea

Peer-to-peer NFT marketplace for digital assets

About OpenSea

Simplify's Rating
Why OpenSea is rated
A-
Rated A on Competitive Edge
Rated B on Growth Potential
Rated A on Rating Differentiation

Industries

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

Overview

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 peer-to-peer system that connects buyers and sellers directly. The company earns revenue by charging transaction fees on sales made through its platform, and it has received backing from well-known investors.

YC Company
Simplify Jobs

Simplify's Take

What believers are saying

  • OpenSea's AI-powered NFT creation tool boosts trading volume for AI-related tokens.
  • Partnership with YOAKE integrates popular cultural franchises into the NFT space.
  • OpenSea's diverse blockchain support attracts a wide range of digital asset creators.

What critics are saying

  • Emerging competitors like Web3Bay may draw users away from OpenSea.
  • Significant decline in NFT market cap and sales volume could impact OpenSea's revenue.
  • Reputational risks from hosting NFTs linked to controversial projects like Blade of God X.

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 ensure safe transactions for its users.

Help us improve and share your feedback! Did you find this helpful?

Funding

Total Funding

$427.2M

Above

Industry Average

Funded Over

4 Rounds

Series C funding is usually for startups that are doing well and are looking for more money to fuel major growth, such as acquiring other companies, expanding into global markets, or launching new product lines. Investors typically include larger venture capital firms and private equity.
Series C Funding Comparison
Above Average

Industry standards

$50M
$50M
Medium
$62M
SeatGeek
$100M
Oura
$300M
OpenSea

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.

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

-1%

2 year growth

0%
What is DePIN
Apr 7th, 2025
NFT Marketplace OpenSea Appoints Adam Hollander As New CMO

Opensea, one of the distinctive non -chain code platforms, has announced the appointment of Adam Hollande, a famous famous influencer and a symbolic that is not confused, as a new marketing head (CMO).

Decrypt
Apr 1st, 2025
Crypto Game 'Blade Of God X' Accused Of Mismanagement By Former Exec

Create an account to save your articles.Create an account to save your articles.Decrypt’s Art, Fashion, and Entertainment Hub. Discover SCENEVoid Labs-backed Blade of God X (BoGX), a blockchain-powered action RPG that raised millions from top crypto investors, came under scrutiny after a public fallout between its core teams.On Tuesday, Amber Bella, former CMO of Blade of God X (BoGX), posted a series of tweets on X, formerly Twitter, accusing the game’s founder, Tnise Liu Yang, and the Web2 development team of mismanagement, reward manipulation, and cutting off the Web3 community that initially funded the project.“I must now confront the painful truth: this project has failed to deliver on the promises to the community,” she wrote, saying she never handled BoGX funds herself. Instead, she said she trusted founder Tnise Liu Yang’s “experience and character as a 10-year entrepreneur.”Bella said tensions began in October 2024 during the launch of BoGX’s Ethereal NFT Collection, which promised exclusive staking rights and gameplay benefits.BoGX: A Confession After weeks of silence while exploring every possible avenue to save the project and consulting with legal advisors, I must finally share the truth behind what's happened with BoGX. Being suddenly blocked on all communication channels by @BladeofgodX founder,… pic.twitter.com/5v02wBdfq6 — AmberBella.eth (@0xAmberBella) April 1, 2025The NFTs granted holders the ability to use in-game AI agents as “mining machines” and participate in token generation.However, Bella claims the Web2 development team was still updating site features minutes before the mint, resulting in a two-hour website outage that disrupted the launch.Amber Bella has not responded to Decrypt’s request for additional comment.Despite being funded primarily by Web3 contributions, Bella said the development team rejected NFT utilities and community proposals.During the game’s third test phase, her team discovered internal developer accounts competing on public leaderboards and winning real-money prizes meant for players.“Only when we presented evidence showing that the accounts were linked to their own wallets did they finally remove these accounts,” the ex-CMO said while alleging that the team initially kept mum when confronted.Backed by some of the biggest names in the crypto investment space—OKX Ventures, Delphi Ventures, BreederDAO, Eden Holdings, and others—BoGX was marketed as a hybrid action RPG that merged blockchain mechanics with advanced AI.The project had raised $6 million in funding last May, and was promoted as a leading example of “play-to-train” innovation in Web3 gaming.Bella said BoGX’s founder sidelined Web3 entirely, leading to “delayed payments turning into no payments” and creating “financial strain on professionals who devoted months to the project.”After attempting to propose a structured resolution—including NFT refunds and financial transparency—Bella said she was blocked and removed from all internal systems.To address the situation, the ex-CMO announced she will use her personal 24.2 ETH to distribute partial compensation via “ARB transfers,” based on an end-of-March snapshot of NFT holders.Blade of God X remains available in early access on the Epic Games Store.The game blends dark Nordic themes with “Souls-like” combat mechanics and supports optional blockchain features through Immutable X and Ethereum Virtual Machine chains.Players can collect NFT-based “Soul Cards,” train AI companions, and link wallets like MetaMask and Coinbase Wallet.Void Labs and Tnise Liu Yang have not yet commented publicly on the allegations.Bella closed her thread with a direct message to Liu Yang, “You've abandoned the project without explanation or basic settlement… The Web3 community deserves better than promises that evaporate once funding is secured.”Edited by Stacy Elliott

Crypto Economy
Mar 28th, 2025
Animoca Brands and Soneium Blockchain Team Up to Engage Anime Fans Onchain

Adding to the excitement, Soneium recently partnered with YOAKE and OpenSea to launch an NFT drop for the popular manga and anime series, "The Seven Deadly Sins."

BlockNests
Mar 26th, 2025
YOAKE and OpenSea Drop First Official Seven Deadly Sins NFT Collection

YOAKE and OpenSea launched licensed NFTs from Cursed by Light, minted on March 25 for a 72-hour window.

Bitcoin Platform
Mar 25th, 2025
OpenSea and Yoake brings 'the seven deadly sins' anime nften to soneium

Yoake and OpenSea are launching an NFT collection based on the hit Anime series 'The Seven Deadly Sins', available on the Soneium Blockchain for fans and collectors.

Recently Posted Jobs

Sign up to get curated job recommendations

Social Media Lead

$80k - $155k/yr

Remote in USA

Staff Backend Engineer

$190k - $345k/yr

Remote in USA

Staff Frontend Engineer

$190k - $345k/yr

Remote in USA

See All Jobs

OpenSea is Hiring for 7 Jobs on Simplify!

Find jobs on Simplify and start your career today

💡
We update OpenSea's jobs every few hours, so check again soon! Browse all jobs →

People Also Viewed

Discover companies similar to OpenSea

OpenStore

OpenStore

Miami, Florida

Openmesh Networks

Openmesh Networks

Sydney NSW, Australia

OpenX

OpenX

Pasadena, California

Staff Backend Engineer

$190k - $345k/yr

Remote in USA

Staff Frontend Engineer

$190k - $345k/yr

Remote in USA

See All Jobs

OpenSea is Hiring for 7 Jobs on Simplify!

Find jobs on Simplify and start your career today

💡
We update OpenSea's jobs every few hours, so check again soon! Browse all jobs →

People Also Viewed

Discover companies similar to OpenSea

OpenStore

OpenStore

Miami, Florida

Openmesh Networks

Openmesh Networks

Sydney NSW, Australia

OpenX

OpenX

Pasadena, California