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OpenSea

Decentralised NFT marketplace

501-1000 employees
  • B2C
  • Marketplace
  • SaaS
  • Blockchain
  • Art
205 Hudson St, New York, NY 10013

Company mission

To shape an accessible and open digital economy for everyone.

Top investors

Some candidates hear
back within 2 weeks

5% employee growth in 12 months

Otta's take

Xav Kearney headshot

Xav Kearney

CTO of Otta

OpenSea is a peer-to-peer digital marketplace for NFTs or uniquely identifiable digital items. These items are authenticated with blockchain and are part of a new internet economy that consists of digital products representing art, game characters, domain names, and event tickets.

The OpenSea platform allows users to both purchase NFTs or list digital items for sale. The platform initially encountered speed issues when NFT trading boomed due to the limitations of the Ethereum blockchain technology it was using. However, the company has transitioned to a new blockchain system, Polygon, which has mitigated the problem.

In the wake of the FTX collapse the NFT world has been shaken up, and new competitors have arisen to take advantage of the disruption. One such rival, Blur, has recently overtaken OpenSea's market lead. This has led to OpenSea changing its policies and fee structures to be more favourable to creators in a bid to retake its crown. It remains to be seen whether Blur and other rivals will be able to keep up the pressure, but it's clear that OpenSea will need to innovate if it wants to remain at the head of the market.

Benefits

  • Paid family leave
  • Flexible vacation policy
  • Flexible hours
  • Workshops & conferences
  • Travel & company retreats
  • Health insurance

Company values

  • Trust comes first
  • Dive deep
  • Build an ocean, not an aquarium
  • Take the helm
  • Iron sharpens iron
  • High quality, high velocity

Funding (last 2 of 6 rounds)

Jan 2022

$300m

SERIES C

Jul 2021

$100m

SERIES B

$427.3m

Total funding

This company has top investors

Founders

Started their career as a Pinterest Software Engineer, before leaving after almost 2 years to co-found Iris Labs and Claimdog. They left their Engineering Manager role at Credit Karma in December 2017 to co-found OpenSea.

Jobs (6)

All locations

Software Engineering

Finance, Legal & Compliance