Assets, Ethereum

Is OpenSea Based on Ethereum?

OpenSea is an online marketplace for crypto assets, built on the Ethereum blockchain. It is the first and largest decentralized marketplace for Ethereum-based digital assets, and one of the largest crypto asset marketplaces in the world.

OpenSea was founded in early 2017 by Devin Finzer, Alex Atallah, and Mike Goldin, three former Y Combinator employees. The company is based in San Francisco.

NOTE: Warning: OpenSea is not based on Ethereum and should not be confused with a product or service that is. It is an entirely independent platform and should not be assumed to offer the same features or security as the Ethereum blockchain. Additionally, OpenSea is not affiliated with Ethereum in any way, so users should exercise caution when using the platform.

OpenSea has raised $2.5 million in seed funding from a number of well-known investors, including Andreessen Horowitz, Union Square Ventures, and 1confirmation.

The OpenSea platform allows users to buy and sell a variety of digital assets, including cryptocurrencies, game items, collectibles, and more. The platform also allows developers to create their own decentralized applications (dApps) that use OpenSea’s API to list digital assets for sale.

OpenSea is one of the most popular dApps on the Ethereum blockchain, with over 1 million monthly active users. The platform has processed over $100 million in transactions since its launch.

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