Difference between revisions of "OpenSea"
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*[https://decrypt.co/91513/opensea-refunds-ethereum-users-lost-nfts-inactive-listing-exploit?utm_source=telegram&utm_medium=social&utm_campaign=smt From] [[Decrypt (DCPT)|Decrypt]] (29-1-2022): | *[https://decrypt.co/91513/opensea-refunds-ethereum-users-lost-nfts-inactive-listing-exploit?utm_source=telegram&utm_medium=social&utm_campaign=smt From] [[Decrypt (DCPT)|Decrypt]] (29-1-2022): | ||
''"OpenSea has now reimbursed 750 Ethereum, about [https://fortune.com/2022/01/28/opensea-reimburses-users-1-8-million-bug-sell-nfts-bored-ape-yacht-club/ $1.8 million], to users who accidentally sold valuable NFTs at well below their going market rate through an exploit involving “inactive listings.” Recently, several users of the leading NFT› marketplace had complained that their blue chip NFTs, such as those belonging to the Bored Ape Yacht Club (BAYC) collection, had been purchased at old, cheap listing prices. These listings were never canceled on the blockchain, even though the user interface on OpenSea suggested that they had been."'' | ''"OpenSea has now reimbursed 750 Ethereum, about [https://fortune.com/2022/01/28/opensea-reimburses-users-1-8-million-bug-sell-nfts-bored-ape-yacht-club/ $1.8 million], to users who accidentally sold valuable [[NFTs]] at well below their going market rate through an exploit involving “inactive listings.” Recently, several users of the leading NFT› marketplace had complained that their blue chip NFTs, such as those belonging to the [[Bored Ape Yacht Club]] ([[BAYC]]) collection, had been purchased at old, cheap listing prices. These listings were never canceled on the [[blockchain]], even though the user interface on OpenSea suggested that they had been."'' | ||
*[https://www.blockthreat.io/p/blockthreat-week-41-2021?token=eyJ1c2VyX2lkIjoxMzk3OTAwLCJwb3N0X2lkIjo0MzQwNjA4NywiXyI6IkZBQ3M5IiwiaWF0IjoxNjM2MDAyMDkzLCJleHAiOjE2MzYwMDU2OTMsImlzcyI6InB1Yi04MTA1Iiwic3ViIjoicG9zdC1yZWFjdGlvbiJ9.ylsAgHF23s6f4FSfbize8p9LN6SQtN From] [[Blockthreat]] (2-11-2021): | *[https://www.blockthreat.io/p/blockthreat-week-41-2021?token=eyJ1c2VyX2lkIjoxMzk3OTAwLCJwb3N0X2lkIjo0MzQwNjA4NywiXyI6IkZBQ3M5IiwiaWF0IjoxNjM2MDAyMDkzLCJleHAiOjE2MzYwMDU2OTMsImlzcyI6InB1Yi04MTA1Iiwic3ViIjoicG9zdC1yZWFjdGlvbiJ9.ylsAgHF23s6f4FSfbize8p9LN6SQtN From] [[Blockthreat]] (2-11-2021): | ||
''"OpenSea patched an actively exploited XSS [https://blog.checkpoint.com/2021/10/13/check-point-software-prevents-theft-of-crypto-wallets-on-opensea-the-worlds-largest-nft-marketplace/ vulnerability] in its marketplace after it was disclosed by Check Point. The vulnerability allowed attackers to execute [[JavaScript]] code and interact with users’ wallets by airdropping specially crafted NFTs."'' | ''"OpenSea patched an actively exploited XSS [https://blog.checkpoint.com/2021/10/13/check-point-software-prevents-theft-of-crypto-wallets-on-opensea-the-worlds-largest-nft-marketplace/ vulnerability] in its marketplace after it was disclosed by Check Point. The vulnerability allowed attackers to execute [[JavaScript]] code and interact with users’ [[wallets]] by airdropping specially crafted NFTs."'' | ||
*Their Head of Product Nate Chastain got [https://decrypt.co/81096/opensea-parts-ways-executive-caught-trading-ethereum-nft-insider-info?utm_source=telegram&utm_medium=social&utm_campaign=smt caught] with his hand in the cookie jar (17-9-2021): | *Their Head of Product Nate Chastain got [https://decrypt.co/81096/opensea-parts-ways-executive-caught-trading-ethereum-nft-insider-info?utm_source=telegram&utm_medium=social&utm_campaign=smt caught] with his hand in the cookie jar (17-9-2021): | ||
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* [https://decrypt.co/89540/opensea-freezes-stolen-bored-apes-worth-2-2m From] [[Decrypt (DCPT)|Decrypt]] (31-12-2021): | * [https://decrypt.co/89540/opensea-freezes-stolen-bored-apes-worth-2-2m From] [[Decrypt (DCPT)|Decrypt]] (31-12-2021): | ||
''"After a collector said he lost his NFTs in a phishing attack, the top NFT marketplace reportedly stepped in to help him recover the assets. Kramer later said tweeted that “All Apes are frozen” and that OpenSea, the biggest NFT marketplace, was helping him recover his stolen assets."'' The collector also mentioned that he had not been using a [[Hardware Wallet|hardware wallet]]. | ''"After a collector said he lost his NFTs in a phishing attack, the top NFT marketplace reportedly stepped in to help him recover the assets. Kramer later said [[tweeted]] that “All Apes are frozen” and that OpenSea, the biggest NFT marketplace, was helping him recover his stolen assets."'' The collector also mentioned that he had not been using a [[Hardware Wallet|hardware wallet]]. | ||
=== DAO === | === DAO === | ||
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== Usage == | == Usage == | ||
* [https://ournetwork.substack.com/p/our-network-issue-29-part-2 From] [[Our Network]] #29 (10-7-2020): | * [https://ournetwork.substack.com/p/our-network-issue-29-part-2 From] [[Our Network]] #29 (10-7-2020): | ||
''"In a snapshot from June of the [https://opensea.io/rankings top categories traded], virtual world projects (such as [[Decentraland]], [[CryptoVoxels]], [[the Sandbox]], and [[Somnium Space]]) were the highest volume projects on OpenSea, followed by art and digital trading cards."'' | ''"In a [[snapshot]] from June of the [https://opensea.io/rankings top categories traded], virtual world projects (such as [[Decentraland]], [[CryptoVoxels]], [[the Sandbox]], and [[Somnium Space]]) were the highest volume projects on OpenSea, followed by art and digital trading cards."'' | ||
=== Projects that use or built on it === | === Projects that use or built on it === | ||
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* OpenSea has reached a $1.5B valuation after [https://newsletter.thedefiant.io/p/-opensea-becomes-first-nft-unicorn?token=eyJ1c2VyX2lkIjoxMzk3OTAwLCJwb3N0X2lkIjozOTAxNjY0NSwiXyI6IitrN3VtIiwiaWF0IjoxNjI3MjMwMDk0LCJleHAiOjE2MjcyMzM2OTQsImlzcyI6InB1Yi0xMTI1OSIsInN1YiI6InBvc3QtcmVhY3Rpb24ifQ.O6TjFhb7uyA8 a $100M Series B] funding round led by [[A16z crypto|a16z]] (21-7-2021). | * OpenSea has reached a $1.5B valuation after [https://newsletter.thedefiant.io/p/-opensea-becomes-first-nft-unicorn?token=eyJ1c2VyX2lkIjoxMzk3OTAwLCJwb3N0X2lkIjozOTAxNjY0NSwiXyI6IitrN3VtIiwiaWF0IjoxNjI3MjMwMDk0LCJleHAiOjE2MjcyMzM2OTQsImlzcyI6InB1Yi0xMTI1OSIsInN1YiI6InBvc3QtcmVhY3Rpb24ifQ.O6TjFhb7uyA8 a $100M Series B] funding round led by [[A16z crypto|a16z]] (21-7-2021). | ||
*OpenSea has closed a [https://www.theblockcrypto.com/linked/129250/opensea-eyeing-raise-that-would-value-it-at-13-billion-with-backing-from-coatue-and-paradigm-sources $300 million Series C funding] round that values the company at $13 billion (4-1-2022). | *OpenSea has closed a [https://www.theblockcrypto.com/linked/129250/opensea-eyeing-raise-that-would-value-it-at-13-billion-with-backing-from-coatue-and-paradigm-sources $300 million Series C funding] round that values the company at $13 billion (4-1-2022). | ||
*[https://www.theblockcrypto.com/linked/143579/decentralized-exchange-infrastructure-provider-0x-labs-raises-70-million?utm_source=twitter&utm_medium=social Joined] in the Series B for [[0x Protocol (ZRX)|0x Labs]] (26-4-2022). | |||
=== Partners === | === Partners === | ||
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Making these free wiki pages is fun but takes a lot of effort and time. | Making these free wiki pages is fun but takes a lot of effort and time. | ||
If you have enjoyed reading, tips are appreciated :) This will help us to keep expanding this archive of information. | If you have enjoyed reading, tips are appreciated :) This will help us to [[keep]] expanding this archive of information. | ||
[[ETH]] tip [[address]]: 0x83460bE5F218b1520B69D702cE60A1DE37dD8E31 | [[ETH]] tip [[address]]: 0x83460bE5F218b1520B69D702cE60A1DE37dD8E31 | ||
[[Category:Companies/Organisations]] | [[Category:Companies/Organisations]] | ||
Revision as of 07:44, 30 May 2022
Basics
- Based in:
- Founded in: 2017
- Mainnet release:
- From the CoinDesk 50:
"Founded by former Pinterest engineer Devin Finzer, OpenSea has developed into the Etsy of crypto. The idea of scarcity of digital items was once unthought of, but now the largest general marketplace for crypto collectibles features more than 300 categories and over 10 million such items. Anything from CryptoKitties to artworks and game pieces can be trustlessly bought and sold by users from around the world. Having dominated the non-fungible token market, OpenSea is seeing traction outside of the crypto ecosystem by expanding into asset classes like domain names, software licenses and even physical assets."
History
"OpenSea was founded in 2017, as a product of Y Combinator’s startup accelerator program."
Audits
- Bug bounty program can be found [insert here].
Bugs/Exploits
"OpenSea has now reimbursed 750 Ethereum, about $1.8 million, to users who accidentally sold valuable NFTs at well below their going market rate through an exploit involving “inactive listings.” Recently, several users of the leading NFT› marketplace had complained that their blue chip NFTs, such as those belonging to the Bored Ape Yacht Club (BAYC) collection, had been purchased at old, cheap listing prices. These listings were never canceled on the blockchain, even though the user interface on OpenSea suggested that they had been."
- From Blockthreat (2-11-2021):
"OpenSea patched an actively exploited XSS vulnerability in its marketplace after it was disclosed by Check Point. The vulnerability allowed attackers to execute JavaScript code and interact with users’ wallets by airdropping specially crafted NFTs."
- Their Head of Product Nate Chastain got caught with his hand in the cookie jar (17-9-2021):
"OpenSea has parted ways with Nate Chastain, its former head of product, after the executive was discovered profiting from the trade of NFTs based on inside information."
Governance
Admin Keys
"After a collector said he lost his NFTs in a phishing attack, the top NFT marketplace reportedly stepped in to help him recover the assets. Kramer later said tweeted that “All Apes are frozen” and that OpenSea, the biggest NFT marketplace, was helping him recover his stolen assets." The collector also mentioned that he had not been using a hardware wallet.
DAO
Treasury
Token
Launch
Token allocation
Utility
Token Details
Tech
- Whitepaper can be found [insert here].
- Code can be viewed [insert here].
- Built on: Ethereum and Immutable X (1-4-2021)
How it works
Fees
Upgrades
Staking
Different Implementations
Interoperability
Other Details
Oracle Method
Privacy Method
Compliance
Their Other Projects
Roadmap
- Can be found [Insert link here].
Usage
- From Our Network #29 (10-7-2020):
"In a snapshot from June of the top categories traded, virtual world projects (such as Decentraland, CryptoVoxels, the Sandbox, and Somnium Space) were the highest volume projects on OpenSea, followed by art and digital trading cards."
Projects that use or built on it
Competition
Pros and Cons
Pros
Cons
- Their Head of Product Nate Chastain got caught with his hand in the cookie jar (17-9-2021):
"OpenSea has parted ways with Nate Chastain, its former head of product, after the executive was discovered profiting from the trade of NFTs based on inside information."
Team, Funding, Partnerships, etc.
Team
- Full team can be found [here].
- Devin Finzer; founder
Funding
- Is part of the portfolio (9-3-2020) of 1confirmation. Which also has Authereum in its portfolio.
- From Decrypt (18-3-2021):
"Raised $23M. The round was led by Andreessen Horowitz. Dallas Mavericks owner (and Ethereum enthusiast) Mark Cuban, angel investor Naval Ravikant, and Metapurse—a fund from the pseudonymous NFT investor MetaKovan—have also invested in the company."
- OpenSea has reached a $1.5B valuation after a $100M Series B funding round led by a16z (21-7-2021).
- OpenSea has closed a $300 million Series C funding round that values the company at $13 billion (4-1-2022).
- Joined in the Series B for 0x Labs (26-4-2022).
Partners
- Used by and partners with Authereum (12-2-2020).
(:
Knowledge empowers all and will help us get closer to the decentralized world we all want to live in!
Making these free wiki pages is fun but takes a lot of effort and time.
If you have enjoyed reading, tips are appreciated :) This will help us to keep expanding this archive of information.
