10 OpenSea Statistics to Know in 2022

The interest in NFTs has surged in popularity within 2021.

The biggest winner that will came out of it is OpenSea.

OpenSea is the initial and largest marketplace for NFTs (non-fungible tokens).

It’ s also called an eBay for cryptocurrency property.

People use it to buy collectors items, gaming items, and other virtual goods supported by a blockchain.

Notable NFT projects include CryptoPunks , Bored Guinea pig Yacht Club , plus VeeFriends .

As of early 2022, these types of projects have a total traded volume of 820k+, 380k+, plus 40. 4k+ ETH respectively.

CryptoPunks alone has hit more than $2 billion UNITED STATES DOLLAR in sales.

This article contains 10 OpenSea statistics that you need to know in 2022—its customers, revenue, funding rounds, and much more.

  1. How many customers does OpenSea have?
  2. When was OpenSea created?
  3. OpenSea revenue
  4. How does OpenSea make money?
  5. How many employees does OpenSea have?
  6. What is OpenSea really worth?
  7. Who founded OpenSea?
  8. Is OpenSea a public company?
  9. Which country uses OpenSea the most?
  10. OpenSea traffic

1 . How many customers does OpenSea have?

OpenSea users

OpenSea has over 600, 000 users as of early 2022, up from four, 000 users in March 2020.

According to SimilarWeb, the site attracts more than 120 million visitors a month.

OpenSea’ s popularity is associated with the rise of NFTs.

Queries like “ NFT art”, “ crypto art”, and “ NFT OpenSea” have broken out on Google.

The top interest in NFTs by region is China, Hong Kong, plus Singapore correspondingly with the US being quantity 15 on the list.

Social media marketing platforms have also increased the popularity of NFTs through conversations referring to them as a scam to how they’ ll replace the world .

Here are some some other controversial tweets about NFTs:

The most influential celebrities in the NFT space consist of Mark Cuban, Gary Vee, and Snoop Dog.

Their particular NFT portfolio is estimated to be worth $500 mil, $100 million, and $19 million respectively.

2 . Whenever was OpenSea created?

OpenSea was developed in 2017 by Alex Atallah and Devin Finzer.

It is headquartered within New York City (SoHo) and it has another office in San Francisco.

The OpenSea beta launch was in Dec 2017.

This made them the first open marketplace for NFTs on the Ethereum blockchain.

3. OpenSea revenue

OpenSea revenue

OpenSea did about $365 million in revenue in 2021 (from Ethereum transaction fees).

This really is up from $525, 1000 in estimated revenue in 2020.

According to dune. xyz , OpenSea had an Ethereum transactional volume of about $14 billion ($14, 635, 955, 043) within 2021.

Here’ s how the Ethereum transactional volume within 2021 is calculated:

     8072866 + 96731289 + 148017660 + 95779027 + 138917885 + 150308148 + 328964751 + 3421842867 + 2990956751 + 2546831757 + 2161226614 + 2548305428 = 14635955043     

According to OpenSea, they take 2 . 5% of every deal.

This means that they did about $360 million within revenue in 2021 from Ethereum transaction fees.

Here’ s how OpenSea’ t revenue in 2021 is calculated:

     14635955043 x 2 . 5% = 365898876. 075     

Based on Devin Finzer , the co-founder plus CEO of OpenSea, OpenSea did about $21M in total transaction volume in 2020 .

Which means that OpenSea’ s revenue involved $525, 500 in 2020.

Here’ s how OpenSea’ h revenue in 2020 is definitely calculated:

     21000000 x 2 . 5% = 525000      

4. How does OpenSea make money?

OpenSea makes money from transactional fees.

The marketplace charges 2 . 5% on every transaction.

For example , if you sell an NFT for $100, OpenSea requires $2. 50.

OpenSea’ s i9000 fee structure is similar to other NFT marketplaces like Rarible .

5. How many employees does OpenSea have?

Based on Y Combinator , OpenSea has about 110 employees.

Notable employees include Daniel Roelker (VP of Engineering) and Joshua Wu (founding engineer).

OpenSea has two offices—one in New York City (SoHo) and the other in San Francisco.

When you’ re interested in joining OpenSea , you can view their open positions right here .

6. What is OpenSea worth?

OpenSea worth

OpenSea is valued at $13. a few billion (as of early 2022) following a $300 mil Series C round led by Paradigm and Coatue.

Before the round, Newcomer announced that OpenSea is eyeing a $13 billion valuation.

Devin Finzer , the co-founder and CEO of OpenSea said that the funds is going to be used for 4 main targets.

This includes accelerating product development, improving customer support/safety, investing in the particular NFT/Web 3. 0 neighborhood, and growing their team.

According to Crunchbase, OpenSea offers a total of 9 funding rounds with a total funding amount of $427. 2M .

OpenSea is backed by best firms including Andreessen Horowitz, Y Combinator (W18), and Founders Fund.

They are also supported by angel investors such as Mark Cuban (entrepreneur plus investor), Alexis Ohanian (co-founder of Reddit), and Kevin Durant (American professional basketball player).

7. That founded OpenSea?

OpenSea is definitely founded by Devin Finzer and Alex Atallah in 2017.

Before founding OpenSea, Devin worked as a software engineer at Pinterest .

He furthermore founded a couple of other companies which includes Iris Labs and Claimdog (acquired by Credit Karma).

On the other hand, Alex Atallah was previously working in Palantir (Forward Used Engineer), Zugata (Lead Frontend Engineer), and Whatsgoodly Inc. (CTO).

8. Is OpenSea a public company?

Simply no, OpenSea is just not a public company.

According to Brian Roberts, OpenSea is not planning on going public anytime soon.

This means that it’ t not possible to buy OpenSea gives on the stock market yet.

Nevertheless , with its incredible profit plus loss statement and rapid growth, it’ s unsurprising that OpenSea will apply for an IPO in the future.

9. Which country uses OpenSea the most?

According to SimilarWeb, the United States uses OpenSea the most.

The usa contributes 23% to OpenSea’ s total traffic.

The 2nd country that uses OpenSea the most is Canada at 4. 76%.

This information is based on the desktop version of OpenSea.

10. OpenSea traffic

Here are some quick statistics about OpenSea’ s traffic:

  • Since November 2021, onlyfans. com has an estimate of 121 million monthly visitors.
  • OpenSea is the 211th most popular site in the world (as of Feb 2022).
  • OpenSea is the 310th most popular site in the United States (as of Feb 2022).
  • The average visit timeframe of the site is 9 minutes and 26 secs.
  • The majority of OpenSea’ s traffic is coming from the US (23%).
  • 63% of OpenSea’ h traffic is from Immediate.
  • 9. 8% of OpenSea’ s traffic is from Social Media.
  • Twitter accounts for 61% of OpenSea’ s interpersonal traffic.
  • YouTube accounts for 18. 8% associated with OpenSea’ s social traffic.
  • 7. 7% of OpenSea’ s traffic is from Referrals.

Conclusion

OpenSea hit the record-breaking transactional volume plus revenue in 2021.

Within Jan 2021 alone, that they had an Ethereum transactional volume of $4. ninety five billion (according to dune. xyz ).

According to David Finzer, OpenSea’ s transactional volume increased over 600x within 2021 because of the surge of interest in the NFT ecosystem.

Although OpenSea is valued at $13. 3 billion in early 2021, it can depend on its sustainability.

Currently, NFTs are still fairly new with a ton associated with controversies and a lack of regulation.

In time, we’ ll understand if it’ ll carry on growing or it’ h just a passing fad.

Additional reading

How to Get in touch with OpenSea

Learn how to Delete an NFT Selection on OpenSea

Ethereum vs . Polygon: Which is better for NFTs?

The blog post 10 OpenSea Statistics to Know in 2022 appeared 1st on Followchain .

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