OpenSea
FinTech
Founded: 2017
Last Round Valuation: $13.3B
OpenSea is a leading peer-to-peer marketplace that specializes in the trading of cryptogoods. As a decentralized platform, it provides a seamless and secure environment for individuals to buy, sell, and discover a diverse range of digital items. From collectibles and gaming assets to non-fungible tokens (NFTs) backed by blockchain technology, OpenSea offers a vast array of unique and valuable digital assets. Founded in 2017 by Alex Atallah and Devin Finzer, OpenSea has emerged as a prominent player in the blockchain-based marketplace industry. Its headquarters are located in New York, NY. With a commitment to empowering consumers, creators, and developers, OpenSea is revolutionizing the way digital items are traded and unlocking new possibilities in the world of digital ownership and exchange.
OpenSea Overview:
OpenSea is a decentralized peer-to-peer marketplace that has gained significant prominence in the realm of digital asset trading. It serves as a hub for the exchange of cryptogoods, including collectibles, gaming items, and non-fungible tokens (NFTs) backed by blockchain technology.
Founded in 2017 by Alex Atallah and Devin Finzer, OpenSea has established itself as a trailblazer in the blockchain-based marketplace industry. With its headquarters based in New York, NY, the company has garnered a reputation for its innovative approach to digital asset trading.
One of the key features of OpenSea is its decentralized nature, which means that transactions occur directly between buyers and sellers without the need for intermediaries. This peer-to-peer model fosters a sense of transparency, security, and efficiency in the marketplace.
OpenSea's extensive marketplace encompasses a diverse range of digital items, catering to a wide array of interests and industries. From unique digital art pieces and virtual real estate to in-game items and virtual identities, OpenSea offers a platform for users to discover, buy, and sell an extensive variety of cryptogoods.
The company's commitment to user empowerment is reflected in its mission to build tools that enable seamless trading experiences. OpenSea provides users with the freedom to trade their digital items, allowing for greater liquidity and flexibility in the market. Additionally, creators are empowered to launch and showcase their digital works, providing new avenues for artists and content creators to monetize their creations. Developers are also given the means to construct rich and integrated marketplaces, fostering a vibrant ecosystem of digital asset trading.
OpenSea's rise to prominence can be attributed to its user-friendly interface, robust security measures, and commitment to fostering a thriving digital asset trading ecosystem. As the world continues to embrace the potential of blockchain technology and the concept of digital ownership, OpenSea stands as a key player in facilitating the exchange of digital assets and reshaping the way we perceive and interact with digital goods.
Founders:
Devin Finzer
Alex Atallah
Top Investors:
Paradigm
Coatue
Andreessen Horowitz
CAA (Creative Artists Agency)
Naval Ravikant
Mark Cuban
Founders Fund
1confirmation
Foundation Capital
Funding History:
| Date | Share Type | Amount Raised | Raised to Date | Issue Price | Post Money Valuation | Key Investors |
|---|---|---|---|---|---|---|
| Jan 2022 | Series C | $300MM | $426.49MM | $64.21 | $13.3B | Paradigm, Coatue |
| Jul 2021 | Series B | $98.96MM | $126.49MM | $7.61 | $1.5B | Andreessen Horowitz, Coatue, CAA |
| Mar 2021 | Series A | $23.2MM | $27.53MM | $0.68 | $153.05MM | Andreessen Horowitz, Naval Ravikant, Mark Cuban |
| May 2018 | Series A-1 | $488.5K | $488.5K | $0.07 | $35.32MM | Founders Fund, 1confirmation, Foundation Capital |
| May 2018 | Series A-3 | $2.09MM | $2.09MM | $0.21 | $35.32MM | Founders Fund, 1confirmation, Foundation Capital |
| May 2018 | Series A-2 | $1.75MM | $1.75MM | $0.11 | $35.32MM | Founders Fund, 1confirmation, Foundation Capital |
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