{"id":18137,"date":"2024-12-21T13:00:46","date_gmt":"2024-12-21T13:00:46","guid":{"rendered":"https:\/\/nft.runfyers.com\/index.php\/2024\/12\/21\/a-complete-guide-to-the-opensea-nft-marketplace\/"},"modified":"2024-12-21T13:00:46","modified_gmt":"2024-12-21T13:00:46","slug":"a-complete-guide-to-the-opensea-nft-marketplace","status":"publish","type":"post","link":"https:\/\/nft.runfyers.com\/index.php\/2024\/12\/21\/a-complete-guide-to-the-opensea-nft-marketplace\/","title":{"rendered":"A Complete Guide to the OpenSea NFT Marketplace"},"content":{"rendered":"<p><\/p>\n<div>\n<p>When NFTs boomed in 2021, one NFT marketplace was king. Now that another NFT boom is here, could that same marketplace return to the top of the mountain? We\u2019re talking about \u2013 of course \u2013 the <strong>OpenSea NFT marketplace.<\/strong><\/p>\n<p>OpenSea has played a big role in NFTs entering mainstream consciousness, and was \u2013 and for many still is \u2013 the NFT marketplace of choice for millions of NFT traders around the world. Today, it faces more competition than ever before \u2013 and with NFTs on the rise once again, OpenSea has a lot of ground to gain to get back to the top.<\/p>\n<p>Here\u2019s our complete 2025 guide to <a href=\"https:\/\/x.com\/opensea\" target=\"_blank\" rel=\"noopener\">OpenSea.<\/a><\/p>\n<h3><strong>Key Insights<\/strong><\/h3>\n<ul>\n<li>Created by Devin Finzer and Alex Atallah<\/li>\n<li>Debuted in December 2017<\/li>\n<li>The world\u2019s biggest NFT marketplace during the 2021 NFT boom<\/li>\n<li>Facilitated over $39.5 billion USD in NFT trades (as of December 2024)<\/li>\n<li>Currently the third most popular NFT marketplace, after Magic Eden and Blur (as of December 2024)<\/li>\n<\/ul>\n<p><noscript><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-77759 lazyload\" src=\"https:\/\/nftplazas.com\/wp-content\/uploads\/2024\/12\/opensea-nft-marketplace-guide-1-homepage.webp\" alt=\"OpenSea NFT Marketplace Guide - Homepage\" width=\"800\" height=\"448\" srcset=\"https:\/\/nftplazas.com\/wp-content\/uploads\/2024\/12\/opensea-nft-marketplace-guide-1-homepage.webp 800w, https:\/\/nftplazas.com\/wp-content\/uploads\/2024\/12\/opensea-nft-marketplace-guide-1-homepage-300x168.webp 300w, https:\/\/nftplazas.com\/wp-content\/uploads\/2024\/12\/opensea-nft-marketplace-guide-1-homepage-768x430.webp 768w, https:\/\/nftplazas.com\/wp-content\/uploads\/2024\/12\/opensea-nft-marketplace-guide-1-homepage-370x207.webp 370w, https:\/\/nftplazas.com\/wp-content\/uploads\/2024\/12\/opensea-nft-marketplace-guide-1-homepage-760x426.webp 760w, https:\/\/nftplazas.com\/wp-content\/uploads\/2024\/12\/opensea-nft-marketplace-guide-1-homepage-270x152.webp 270w\" sizes=\"(max-width: 800px) 100vw, 800px\"\/><\/noscript><\/p>\n<h2><strong>What is OpenSea?<\/strong><\/h2>\n<p>OpenSea is an NFT marketplace that supports <a href=\"https:\/\/nftplazas.com\/ethereum-guide-2024\/\" target=\"_blank\" rel=\"noopener\">Ethereum<\/a>-based blockchains. With OpenSea, users can create, buy, and sell a wide variety of NFTs, including <a href=\"https:\/\/nftplazas.com\/cryptoart-news\/\" target=\"_blank\" rel=\"noopener\">digital art<\/a>, <a href=\"https:\/\/nftplazas.com\/nft-collectibles-news\/\" target=\"_blank\" rel=\"noopener\">collectibles<\/a>, <a href=\"https:\/\/nftplazas.com\/metaverse-news\/\" target=\"_blank\" rel=\"noopener\">virtual land<\/a>, and more.<\/p>\n<p>Created by <a href=\"https:\/\/x.com\/dfinzer\" target=\"_blank\" rel=\"noopener\">Devin Finzer<\/a> and <a href=\"https:\/\/x.com\/xanderatallah\" target=\"_blank\" rel=\"noopener\">Alex Atallah<\/a>, OpenSea took advantage of growing interest in NFTs in the latter half of the 2010s to become the #1 NFT marketplace in the world when NFTs had their first boom in 2021.<\/p>\n<p>With OpenSea, users can perform many types of NFT transactions, including:<\/p>\n<ul>\n<li>Primary sales: the debut sale of a new NFT, via the OpenSea launchpad<\/li>\n<li>Secondary sales: existing NFTs that are listed at a set price by their holder<\/li>\n<li>NFT auctions: NFT holders can hold an auction for the assets they\u2019d like to sell<\/li>\n<li>NFT offers: potential NFT buyers can propose a price to purchase an NFT, even if it is not listed for sale<\/li>\n<\/ul>\n<p>OpenSea uses highly-developed smart contracts to ensure that transactions are smooth, secure and transparent. Users can connect many of the most popular software wallets to the platform \u2013 including <a href=\"https:\/\/nftplazas.com\/metamask-guide-2025\/\" target=\"_blank\" rel=\"noopener\">MetaMask<\/a>, <a href=\"https:\/\/x.com\/CoinbaseWallet\" target=\"_blank\" rel=\"noopener\">Coinbase Wallet<\/a> and more \u2013 to view and interact with NFTs across the site.<\/p>\n<p>The OpenSea NFT marketplace is well-known as a go-to location for trading the biggest NFT collections, including <a href=\"https:\/\/nftplazas.com\/cryptopunks-guide-2024\/\" target=\"_blank\" rel=\"noopener\">CryptoPunks<\/a>, <a href=\"https:\/\/nftplazas.com\/bored-ape-yacht-club-guide-2024\/\" target=\"_blank\" rel=\"noopener\">Bored Ape Yacht Club<\/a>, <a href=\"https:\/\/nftplazas.com\/pudgy-penguins-guide-2024\/\" target=\"_blank\" rel=\"noopener\">Pudgy Penguins<\/a> and more. OpenSea also supports many smaller collections and projects, making it an pleasing platform for both NFT creators and NFT collectors.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-77760 lazyload\" src=\"https:\/\/nftplazas.com\/wp-content\/uploads\/2024\/12\/opensea-nft-marketplace-guide-2-launchpad.webp\" alt=\"OpenSea NFT Marketplace Guide - Launchpad\" width=\"800\" height=\"448\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-77760 lazyload\" src=\"https:\/\/nftplazas.com\/wp-content\/uploads\/2024\/12\/opensea-nft-marketplace-guide-2-launchpad.webp\" alt=\"OpenSea NFT Marketplace Guide - Launchpad\" width=\"800\" height=\"448\" srcset=\"https:\/\/nftplazas.com\/wp-content\/uploads\/2024\/12\/opensea-nft-marketplace-guide-2-launchpad.webp 800w, https:\/\/nftplazas.com\/wp-content\/uploads\/2024\/12\/opensea-nft-marketplace-guide-2-launchpad-300x168.webp 300w, https:\/\/nftplazas.com\/wp-content\/uploads\/2024\/12\/opensea-nft-marketplace-guide-2-launchpad-768x430.webp 768w, https:\/\/nftplazas.com\/wp-content\/uploads\/2024\/12\/opensea-nft-marketplace-guide-2-launchpad-370x207.webp 370w, https:\/\/nftplazas.com\/wp-content\/uploads\/2024\/12\/opensea-nft-marketplace-guide-2-launchpad-760x426.webp 760w, https:\/\/nftplazas.com\/wp-content\/uploads\/2024\/12\/opensea-nft-marketplace-guide-2-launchpad-270x152.webp 270w\" sizes=\"(max-width: 800px) 100vw, 800px\"\/><\/noscript><\/p>\n<h2><strong>The history of OpenSea<\/strong><\/h2>\n<p>OpenSea began with the success of <a href=\"https:\/\/x.com\/CryptoKitties\" target=\"_blank\" rel=\"noopener\">CryptoKitties<\/a> \u2013 a blockchain game developed by <a href=\"https:\/\/x.com\/dapperlabs\" target=\"_blank\" rel=\"noopener\">Dapper Labs<\/a> that debuted in 2017. With its success, Finzer and Atallah recognised the potential of NFTs, and so they set out to build an NFT marketplace that could support these fast-growing assets.<\/p>\n<p>The OpenSea NFT marketplace went live in December 2017, and quickly grew a fanbase off the back of its user-friendly design \u2013 one of the first NFT marketplaces out there that was designed from the ground-up to be as approachable for beginners as possible.<\/p>\n<p>OpenSea quickly rose to become the #1 NFT marketplace, even though trading volumes were rather modest to begin with. This changed in 2021, when the explosion of NFTs saw trading volumes reach billions of dollars in just a few months, putting OpenSea at the very heart of the NFT industry.<\/p>\n<p>The OpenSea capitalised on this success in successive funding rounds. They raised $100 million USD in July 2021, and a further $300 million USD in January 2022, which took the valuation of OpenSea to a incredible $13.3 billion USD.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-77761 lazyload\" src=\"https:\/\/nftplazas.com\/wp-content\/uploads\/2024\/12\/opensea-nft-marketplace-guide-3-website.webp\" alt=\"OpenSea NFT Marketplace Guide - Website\" width=\"800\" height=\"448\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-77761 lazyload\" src=\"https:\/\/nftplazas.com\/wp-content\/uploads\/2024\/12\/opensea-nft-marketplace-guide-3-website.webp\" alt=\"OpenSea NFT Marketplace Guide - Website\" width=\"800\" height=\"448\" srcset=\"https:\/\/nftplazas.com\/wp-content\/uploads\/2024\/12\/opensea-nft-marketplace-guide-3-website.webp 800w, https:\/\/nftplazas.com\/wp-content\/uploads\/2024\/12\/opensea-nft-marketplace-guide-3-website-300x168.webp 300w, https:\/\/nftplazas.com\/wp-content\/uploads\/2024\/12\/opensea-nft-marketplace-guide-3-website-768x430.webp 768w, https:\/\/nftplazas.com\/wp-content\/uploads\/2024\/12\/opensea-nft-marketplace-guide-3-website-370x207.webp 370w, https:\/\/nftplazas.com\/wp-content\/uploads\/2024\/12\/opensea-nft-marketplace-guide-3-website-760x426.webp 760w, https:\/\/nftplazas.com\/wp-content\/uploads\/2024\/12\/opensea-nft-marketplace-guide-3-website-270x152.webp 270w\" sizes=\"(max-width: 800px) 100vw, 800px\"\/><\/noscript><\/p>\n<p>Midway through 2022, NFTs saw a decline in popular interest. Despite this, OpenSea used the funds generated over the past 12 months to expand. In April 2022, OpenSea acquired the trader-focused NFT marketplace Gem, relaunching it as <a href=\"https:\/\/x.com\/openseapro\" target=\"_blank\" rel=\"noopener\">OpenSea Pro<\/a> in April 2023.<\/p>\n<p>OpenSea faced its first major competitor in October 2022, with the debut of NFT marketplace <a href=\"https:\/\/x.com\/blur_io\" target=\"_blank\" rel=\"noopener\">Blur.<\/a> OpenSea quickly saw Blur take its crown as the #1 NFT marketplace, with its detail-focused user interface and an upcoming token launch enticing many users to switch across.<\/p>\n<p>2023 and 2024 have seen further challenges to OpenSea, with the surge in popularity of NFTs on <a href=\"https:\/\/nftplazas.com\/solana-guide-2024\/\" target=\"_blank\" rel=\"noopener\">Solana<\/a> \u2013 a blockchain OpenSea does not support \u2013 helping <a href=\"https:\/\/nftplazas.com\/magic-eden-faces-backlash-over-me-token-airdrop\/\" target=\"_blank\" rel=\"noopener\">Magic Eden<\/a> rise to become the new #1 NFT marketplace in the world.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-77762 lazyload\" src=\"https:\/\/nftplazas.com\/wp-content\/uploads\/2024\/12\/opensea-nft-marketplace-guide-4-non-fungible-tokens.webp\" alt=\"OpenSea NFT Marketplace Guide - Non-Fungible Tokens\" width=\"800\" height=\"448\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-77762 lazyload\" src=\"https:\/\/nftplazas.com\/wp-content\/uploads\/2024\/12\/opensea-nft-marketplace-guide-4-non-fungible-tokens.webp\" alt=\"OpenSea NFT Marketplace Guide - Non-Fungible Tokens\" width=\"800\" height=\"448\" srcset=\"https:\/\/nftplazas.com\/wp-content\/uploads\/2024\/12\/opensea-nft-marketplace-guide-4-non-fungible-tokens.webp 800w, https:\/\/nftplazas.com\/wp-content\/uploads\/2024\/12\/opensea-nft-marketplace-guide-4-non-fungible-tokens-300x168.webp 300w, https:\/\/nftplazas.com\/wp-content\/uploads\/2024\/12\/opensea-nft-marketplace-guide-4-non-fungible-tokens-768x430.webp 768w, https:\/\/nftplazas.com\/wp-content\/uploads\/2024\/12\/opensea-nft-marketplace-guide-4-non-fungible-tokens-370x207.webp 370w, https:\/\/nftplazas.com\/wp-content\/uploads\/2024\/12\/opensea-nft-marketplace-guide-4-non-fungible-tokens-760x426.webp 760w, https:\/\/nftplazas.com\/wp-content\/uploads\/2024\/12\/opensea-nft-marketplace-guide-4-non-fungible-tokens-270x152.webp 270w\" sizes=\"(max-width: 800px) 100vw, 800px\"\/><\/noscript><\/p>\n<p>Despite all of its success, OpenSea has also been through a number of controversies. In its early days, OpenSea struggled to both detect and prevent sales of NFTs with plagiarised artwork, or that were outright stolen. Thankfully, numerous security developments and platform updates over the years have helped to largely mitigate both of these issues.<\/p>\n<p>OpenSea has also been met with backlash for its back-and-forth stance on supporting creator royalties. Their wavering stance on this topic was one of the major reasons behind the rise in popularity of rival NFT marketplace such as Blur and Magic Eden.<\/p>\n<p>As we enter 2025, many deem OpenSea to be the third most popular NFT marketplace, coming in behind both Magic Eden and Blur. With NFT interest picking up once again however, there\u2019s plenty of opportunities for the order to shake up once again in the year ahead.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-77763 lazyload\" src=\"https:\/\/nftplazas.com\/wp-content\/uploads\/2024\/12\/opensea-nft-marketplace-guide-5-digital-collectibles.webp\" alt=\"OpenSea NFT Marketplace Guide - Digital Collectibles\" width=\"800\" height=\"448\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-77763 lazyload\" src=\"https:\/\/nftplazas.com\/wp-content\/uploads\/2024\/12\/opensea-nft-marketplace-guide-5-digital-collectibles.webp\" alt=\"OpenSea NFT Marketplace Guide - Digital Collectibles\" width=\"800\" height=\"448\" srcset=\"https:\/\/nftplazas.com\/wp-content\/uploads\/2024\/12\/opensea-nft-marketplace-guide-5-digital-collectibles.webp 800w, https:\/\/nftplazas.com\/wp-content\/uploads\/2024\/12\/opensea-nft-marketplace-guide-5-digital-collectibles-300x168.webp 300w, https:\/\/nftplazas.com\/wp-content\/uploads\/2024\/12\/opensea-nft-marketplace-guide-5-digital-collectibles-768x430.webp 768w, https:\/\/nftplazas.com\/wp-content\/uploads\/2024\/12\/opensea-nft-marketplace-guide-5-digital-collectibles-370x207.webp 370w, https:\/\/nftplazas.com\/wp-content\/uploads\/2024\/12\/opensea-nft-marketplace-guide-5-digital-collectibles-760x426.webp 760w, https:\/\/nftplazas.com\/wp-content\/uploads\/2024\/12\/opensea-nft-marketplace-guide-5-digital-collectibles-270x152.webp 270w\" sizes=\"(max-width: 800px) 100vw, 800px\"\/><\/noscript><\/p>\n<h2><strong>What\u2019s next for OpenSea?<\/strong><\/h2>\n<p>Today, OpenSea finds itself in an interesting position.<\/p>\n<p>In recent months, rumours have been circulating that OpenSea is finally preparing to debut its own token. This would allow it to catch up with its rivals \u2013 with two of the biggest, Blur and Magic Eden, having already launched their ecosystem tokens in $BLUR and $ME.<\/p>\n<p>November 2024 saw OpenSea tease a revamp of their whole NFT marketplace experience, with this new site set to arrive in December 2024. For those with access to private tests, the feedback has been positive \u2013 but it remains to be seen if this can transform OpenSea\u2019s fortunes and take them back to the summit of the NFT industry.<\/p>\n<p>In the NFT boom of 2021, OpenSea was in the right place at the right time to capitalise. This time around, OpenSea starts the race a few lengths behind. With their history and experience however \u2013 and of course with the revamped marketplace experience on the way \u2013 2025 could see massive changes in the sites we use to buy, sell and trade NFTs once again.<\/p>\n<\/div>\n<p><a href=\"https:\/\/nftplazas.com\/opensea-nft-marketplace-guide\/\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>When NFTs boomed in 2021, one NFT marketplace was king. Now that another NFT boom is here, could that same marketplace return to the top of the mountain? We\u2019re talking about \u2013 of course \u2013 the OpenSea NFT marketplace. OpenSea has played a big role in NFTs entering mainstream consciousness, and was \u2013 and for [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":18138,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[16],"tags":[],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/nftplazas.com\/wp-content\/uploads\/2024\/12\/opensea-nft-marketplace-guide-social.webp","jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/18137"}],"collection":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/comments?post=18137"}],"version-history":[{"count":0,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/18137\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/media\/18138"}],"wp:attachment":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/media?parent=18137"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/categories?post=18137"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/tags?post=18137"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}