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NFT marketplaces
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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.

Related posts

RevenueOpenSea's share of fees$50Connects NFT buyers and sellersSupply-side feesCreators' share of fees$50CreatorsFeesMarketplace and royalty fees$100Buyers
The values in this graphic are examples and do not reflect actual values. Treat them as approximations.