OpenSea is the first and largest general marketplace for trading non-fungible tokens (NFTs). Essentially, OpenSea is like an online retail store, but for unique and collectible digital assets. Thus, OpenSea acts as a decentralized platform where users can directly transact with one another. Similarly, creatives and content creators can leverage the platform to mint NFTs, create NFT collections, and organize auctions to sell these assets.
Notably, OpenSea was founded in 2017 by Daven Finzer and Alex Atallah after the pair witnessed the birth of Cryptokitties. Since then, the company has experienced exponential growth. For instance, between July and August 2021 alone, the platform experienced a more than 10 times increase in its transaction volume.