OpenSea

OpenSea is an online peer-to-peer marketplace where non-fungible tokens (NFTs) in the form of gaming items, digital art, and other goods can be bought and sold. It was founded by Devin Finzerand Alex Atallah in New York on December 20, 2017.

Users can create their own customizable marketplace using the OpenSea software and set their own fees for their sales. The projects must be ERC-721 compliant to be sold in the marketplace. Users can create auctions for items with any cryptocurrency of their choice. They must submit a contract on the platform to get their auction started. The application programming interface can show users market data with statistics and insights in the form of graphs so users can see how their digital assets are trending. Users can sell their assets in packs, airdrop rewards to customers if so desired, and create lootboxes.

There are more than three million digital assets on the platform, and cryptocurrencies such as Ethereum are used for the exchanges. Sales are conducted through smart contracts on the platform, and users can keep their commission after paying a fee to OpenSea.

About OpenSea

In April 2022, Solana NFTs were added to OpenSea. An official teaser hinting at the coming support was posted before NFTs minted on the Solana blockchain network became available for trading on OpenSea. Major Solana NFT collections such as Degenerate Ape Academy, Solana Monkey Business, DeGods, Aurory, and Shadowy Super Coder became available on OpenSea.