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OpenSea is an American non-fungible token (NFT) marketplace headquartered in Miami. The company was founded by Devin Finzer and Alex Atallah in 2017. [1] [2] OpenSea offers a marketplace online allowing for non-fungible tokens to be sold directly at a fixed price, or through an auction.
During the height of the breakout success of CryptoKitties and the emergence of ERC-721 tokens in 2017, an NFT marketplace called OpenSea emerged to capitalize off of the new non-fungible token standard. [46] It positioned itself early in the NFT market landscape and grew to a $1.4 billion market cap in 2021 during the then-ongoing NFT boom. [47]
Bored Ape Yacht Club (BAYC), often colloquially called Bored Apes or Bored Ape is a non-fungible token (NFT) collection built on the Ethereum blockchain with the ERC-721 standard. The collection features profile pictures of cartoon apes that are procedurally generated by an algorithm.
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In April 2023, Solana Mobile, a subsidiary of Solana Labs, [11] began selling the Solana Saga, an Android smartphone with several Solana-based decentralized apps preinstalled. [ 12 ] In June 2023, the SEC sued Coinbase , alleging that Solana and twelve other currencies offered by the platform failed the Howey Test and qualified as securities.
[9] [10] [11] ERC-721: Non-Fungible Token Standard is credited with formalizing and defining the term NFT. [12] During the standard's drafting phase, lead author Entriken held a vote among the stakeholders where different words were considered including deed, title and asset, but ultimately "NFT" was chosen for the standard's final publication ...
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MetaMask is a software cryptocurrency wallet used to interact with the Ethereum blockchain.It allows a user to access their Ethereum wallet through a browser extension or mobile app, which can then be used to interact with decentralized applications.