April 18, 2022, 3:52PM EDT
• 19 min read

OpenSea Company Intelligence

Quick Take

  • Founded in 2017, OpenSea is a decentralized peer-to-peer marketplace for NFTs, covering a wide range of digital assets from art, game items to music
  • OpenSea experienced explosive growth in 2021, with transaction volume increasing over 600.0x and $423 million cumulative funding raised in less than twelve months – OpenSea is currently valued at $13.3 billion
  • Improving user experience has been a persisting issue for OpenSea, and the team plans to tackle this issue in 2022 by scaling the team, focusing on safety and reliability efforts, and accelerating the product development
  • OpenSea seeks to contribute to the NFT and web3 ecosystem through its new investment efforts – OpenSea ventures and Ecosystem Grants program

Join The Block Research for exclusive research like this

Gain access to this research piece and 100s of others, including ecosystem maps, company profiles, and topics spanning DeFi, CBDCs, banking and markets. Together with additional services, we help organizations understand what’s happening in the rapidly developing digital asset ecosystem.

Already a Research Member? Login Here