OpenSea
Overview
What is OpenSea?
OpenSea is a non-custodial NFT marketplace protocol built on Ethereum. OpenSea was founded by Alex Atallah & Devin Finzer and launched in 2017.
How does OpenSea work?
Creators & users sell NFTs on OpenSea. They receive royalties from secondary sales (supply-side fees).
Who governs OpenSea?
OpenSea team & investors own and govern the protocol. They currently take a cut of the total transaction fees paid by buyers (revenue). OpenSea's investors include a16z, Coatue, Founders Fund, etc.
The values in this graphic are examples and do not reflect actual values. Treat them as approximations.