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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.
In January 2022, OpenSea raised $300 million in new series C funding, propelling the company's valuation to $13.3 billion. [13] In January 2022, Forbes estimated the stakes in OpenSea owned by Finzer and his co-founder Alex Atallah to be worth $2.2 billion each, making them the first two non-fungible token billionaires. [2]
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OpenSea, one of the leading NFT marketplaces, has suffered a so-called exploit -- the described exploit enabling users to purchase NFTs from users at well below market value. NFTs with a market ...
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Each NFT is assigned a token identification number, and linked to its owner through the "ownerOf" function. Through the optional "ERC-721 Enumerable" extension, functionality for full ownership tracking is implemented. This differs from the ERC-20 token standard, which only tracks an owners token balance though ERC-721 also tracks it as well. [26]
(Reuters) -The U.S. Securities and Exchange Commission has threatened to sue non-fungible tokens marketplace OpenSea, the company's CEO said in a post on social media platform X on Wednesday.
Devin Finzer and Alex Atallah founded OpenSea in December 2017. [1] [2] They were inspired by CryptoKitties, a blockchain-based game featuring non-fungible tokens that had been released earlier that year. [1] [2] Finzer and Atallah believed that OpenSea could be a marketplace for buying NFT tokens like these at scale. [1]