Quick Take
Founded in 2017, OpenSea is a decentralized peer-to-peer marketplace for NFTs, covering a wide range of digital assets from art, game items to music
OpenSea experienced explosive growth in 2021, with transaction volume increasing over 600.0x and $423 million cumulative funding raised in less than twelve months – OpenSea is currently valued at $13.3 billion
Improving user experience has been a persisting issue for OpenSea, and the team plans to tackle this issue in 2022 by scaling the team, focusing on safety and reliability efforts, and accelerating the product development
OpenSea seeks to contribute to the NFT and web3 ecosystem through its new investment efforts – OpenSea ventures and Ecosystem Grants program
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