When the NFT standard was created in 2018, creator fees (sometimes referred to as ‘royalties’) did not exist. OpenSea supported them early to invite more creators into the space, and we hoped at the time that they would be durable. But the last few months have proven that off-chain enforcement is too brittle. Notably, on marketplaces where these fees are optional, we’ve watched the voluntary creator fee payment rate dwindle to less than 20%. And on other marketplaces, creator fees are simply not paid at all. An unfortunate consequence of this ecosystem shift is that the business model used by ..read more

Trust and safety issues – specifically scams and theft – are some of the biggest barriers to broader NFT adoption today. At OpenSea, we’ve invested significant time, resources and attention to help improve authenticity and address ecosystem-wide trust challenges – to ensure today’s users are safer, and that we’re building and supporting an ecosystem that is safe and welcoming for newcomers as well. In addition to scaling our copymint detection and removal system (we are now able to remove copymints within seconds of minting!), and updating our account verification and collection badging proces ..read more

Trust and safety issues – specifically scams and theft – are some of the biggest barriers to broader NFT adoption today. At OpenSea, we’ve invested significant time, resources and attention to help improve authenticity and address ecosystem-wide trust challenges – to ensure today’s users are safer, and that we’re building and supporting an ecosystem that is safe and welcoming for newcomers as well. In addition to scaling our copymint detection and removal system (we are now able to remove copymints within seconds of minting!), and updating our account verification and collection badging proces ..read more

At OpenSea, we believe that NFTs are foundational technology that will eventually underpin thousands of use cases and industries. But today, their applications are limited by a few things — including technology, patience, and in some respects, language. The NFT community is global, and a big part of our vision is to accelerate the ecosystem so people can engage with NFTs across chains, languages, verticals, and more. So as we step into Q4 of 2022, one of our core focus areas is Expansion.  In this blog, we’ll share more about our Expansion workstream, and give you a preview of what’s ahea ..read more

Since our founding in 2017, OpenSea has become the best place to explore the vast world of NFTs.  As we continue to grow, our vision is to create a home for creators to start their journey, and build and engage with their communities. Drops are critical to the overall success of a project, so today, we’re excited to make this process easier, safer and more immersive with our new drop experience! This new experience emphasizes storytelling, simplicity and security. Here’s a rundown of what’s launching: Creators will soon be able to launch their collections with dedicated drop pages and gr ..read more

Since our founding in 2017, OpenSea has become the best place to explore the vast world of NFTs.  As we continue to grow, our vision is to create a home for creators to start their journey, and build and engage with their communities. Drops are critical to the overall success of a project, so today, we’re excited to make this process easier, safer and more immersive with our new drop experience! This new experience emphasizes storytelling, simplicity and security. Here’s a rundown of what’s launching: Creators will soon be able to launch their collections with dedicated drop pages and gr ..read more

Since our founding in 2017, OpenSea has become the best place to explore the vast world of NFTs.  As we continue to grow, our vision is to create a home for creators to start their journey, and build and engage with their communities. Drops are critical to the overall success of a project, so today, we’re excited to make this process easier, safer and more immersive with our new drop experience! This new experience emphasizes storytelling, simplicity and security. Here’s a rundown of what’s launching: Creators will soon be able to launch their collections with dedicated drop pages and gr ..read more

The homepage of OpenSea is often the first place people visit to explore the vast world of NFTs. We’re always looking for ways to enrich and simplify this experience on OpenSea, so today, we’re excited to show you our upcoming homepage redesign! The goal of our redesign is to build an entry point into the world of NFTs that reflects the vibrant pulse of the ecosystem and highlights a diverse set of high-quality content. For us, this means surfacing a more robust mix of stats and data, curating finds from our teams as well as tastemakers across our community, and generally making discovery more ..read more

When we started OpenSea in late 2017, we were realistic about a range of potential outcomes – from a niche community to buy and sell CryptoKitties, to a destination where people could explore a brand new economy on the Internet. The GDP of the Internet was already quite large on an absolute basis, but there was a growing feeling that there were still critical building blocks missing — building blocks that could provide foundations for more vibrant, open economies in the digital world. In less than five years, the range of outcomes has shifted drastically, and NFTs have ushered in a new Interne ..read more

The homepage of OpenSea is often the first place people visit to explore the vast world of NFTs. We’re always looking for ways to enrich and simplify this experience on OpenSea, so today, we’re excited to show you our upcoming homepage redesign! The goal of our redesign is to build an entry point into the world of NFTs that reflects the vibrant pulse of the ecosystem and highlights a diverse set of high-quality content. For us, this means surfacing a more robust mix of stats and data, curating finds from our teams as well as tastemakers across our community, and generally making discovery more ..read more