The company was founded in early 2017 by Devine Finzer Y Alex Atallah, with the purpose of turning it into the “Amazon of the Guild”.
A year and a half later, Opensea added 1.7 million euros and, well into 2021, they raised a financing round estimated at 100 million dollars. Since that accelerated growth, the platform has positioned itself as a market leader, even serving as the home for some of the largest NFT purchases. Such is the case of “Everydays: The First 5,000 Days”, by Beeple, the most expensive NFT work to date, sold in €61.1 million.
The P2P platform continued its exponential growth and, in July 2021, Opensea closed a $100 million funding round led by the venture capital firm Andreessen Horowitz. It thus registered transactions for about 350 million dollars.
The following month, transactions reached $3.4 billion, a tenfold increase that earned the company $85 million in fee income.
Currently, the founders of Opensea have an approximate net worth of 2.2 billion dollars each, according to estimates by the Forbes Magazine.
What is an NFT
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It’s all about crypto currencies unique and interchangeable identically, which contrasts with conventional cryptocurrencies such as Bitcoin or Ethereum which are fungible since their creation.
NFTs became a trend within the crypto world, with a 55 percent increase in its global sales since 2021.
Non-fungible tokens can be anything that people own within the digital space: a tweet, a work of art or even a music album. This is why the development of this phenomenon has no limits in its creativity. The more creative, the more in-demand these assets will be from interested users.
Source: Ambito
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