Devin and Alex drafted some rough business plans and applied for a grant from YCombinator
Posted: Sun Jan 12, 2025 5:16 am
From which they received their first funding of $120,000. At launch, their project focused on the concept of using blockchain technology to share Wi-Fi bandwidth. In early 2018, they released OpenSea, and by March of that year, they had already sold more than $500,000 worth of digital collectibles. By the end of 2019, OpenSea became the undisputed leader among NFT marketplaces, thanks to its acquisition of business competitor Atomic Bazaar and the introduction of several features, such as selling digital assets in bundles, which also helped offset Ethereum gas fees.
Investments from high-profile crypto investo canada telegram data rs, such as 1confirmation, Founders Fund, and Blockchain Capital, who injected more than $2 million into the business, also helped boost the business. Who owns OpenSea? As a very recently founded company, OpenSea is, as expected, owned by the founders: While Alex Atallah remains a co-founder, Devin Finzer holds the position of CEO. Furthermore, Nadav Hollander is CTO, and Brian Roberts is responsible for the CFO position.
OpenSea's mission statement "Building an open digital economy" How OpenSea makes money OpenSea offers the infrastructure of its platform for free, but its business model dictates that they take a percentage of the transaction fee as a service fee. Their fee structure is consistent with other NFT marketplaces such as Rarible. To encourage NFT buyers and sellers to use the platform, OpenSea covers all Ethereum gas fees for all transactions on the platform.
Investments from high-profile crypto investo canada telegram data rs, such as 1confirmation, Founders Fund, and Blockchain Capital, who injected more than $2 million into the business, also helped boost the business. Who owns OpenSea? As a very recently founded company, OpenSea is, as expected, owned by the founders: While Alex Atallah remains a co-founder, Devin Finzer holds the position of CEO. Furthermore, Nadav Hollander is CTO, and Brian Roberts is responsible for the CFO position.
OpenSea's mission statement "Building an open digital economy" How OpenSea makes money OpenSea offers the infrastructure of its platform for free, but its business model dictates that they take a percentage of the transaction fee as a service fee. Their fee structure is consistent with other NFT marketplaces such as Rarible. To encourage NFT buyers and sellers to use the platform, OpenSea covers all Ethereum gas fees for all transactions on the platform.