You don't even need to create an account as long as you have a supported web3 wallet such as MetaMask.Īll assets within the marketplace are owned by OpenSea users, not the platform itself. Your digital assets do not need to leave your wallet until you make a transaction. How does OpenSea work?Īs a decentralised marketplace, OpenSea's smart contracts allow users to interact with the platform without surrendering custody of their NFTs. You can also list NFTs that you've created or bought from somewhere else. The platform allows you to explore and acquire millions of NFTs in hundreds of categories. Today, OpenSea is the largest NFT marketplace by volume, according to data from DappRadar. The platform is the premier NFT exchange in the crypto industry and was founded in January 2018 by programmers Alex Atallah and Devin Finzer to facilitate the trading of the first generation of digital collectibles. Once proclaimed as the "eBay for CryptoKitties", OpenSea has expanded beyond collectibles to become a marketplace for other types of non-fungible assets such as game items, music, domain names and many more.
OpenSea is a decentralised marketplace that enables the buying, selling and trading of rare non-fungible tokens (NFTs). If you know your ERC721 from your ERC20 tokens, chances are you've frequented OpenSea in 2021, at least briefly to see what all the fuss is about. Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific
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