Let's take a look at OpenSea, the leading NFT market. At a glance:
As of December 2022, Devin Finzer (OpenSea CEO) has a net worth of $1.3 billion.
As of December 10 2022, Opensea has collected a total of $1.8 billion in fees for the past 365 days and earned a revenue of $571.1m, that’s around 31.73% of the total collected fees.
Token Terminal stated that the rest would go to OpenSea’s NFT creators.
In 2022, OpenSea was valuated at $13.3 billion.
For its latest funding round in 2022, OpenSea has raised $300 million and was valued at $13.3 billion, that’s 7.8X more than the prior year.
Looking before 2022, you can see how there was a single other OpenSea evaluated, which took place in 2021. Then, the app was valued at $1.5 billion.
In the course of just one year, OpenSea went up by $11.8 billion in value (net worth)!
In funding of over 7 rounds, OpenSea has raised a total of $427.2 million. The latest funding for OpenSea was in January 2022.
Looking at the table above, you can see how OpenSea managed to collect a total of 67 investors over 4 years.
OpenSea’s recent investors are Kathryn Haun and Coatue. OpenSea has a total of 54 investors and 7 lead investors through the years.
The table below shows us their most recent investors.
Out of the 67 OpenSea investors, only 7 of them are lead investors.
OpenSea made 3 acquisition in the course of 4 years (2018-2022). Gem.XYZ is OpenSea's latest acquisition, on Apr 24, 2022.
OpenSea makes most of its money through services fees being charged on every digital asset sold on the platform. OpenSea has a service fee of 2.5%.
OpenSea also charges approval fees and account registration when a new cryptocurrency is used and when a new account is opened, respectively.
Also, there are also ‘gas fees’ to sellers and buyers for applicable blockchain transaction costs.
Source: Four Week MBA
As of October 2022, OpenSea has a market share of 66%.
We can see in the table below that OpenSea’s market share decreased by 23% in comparison to its marketshare in January 2022.
The highest market share that OpenSea has ever had was in January & February 2022, with 89% of the NFT market.
The lowest market share of OpenSea's was in September 2022, when OpenSea held 60% of the NFT market.
Source: Coin Gecko
As per Linkedin, OpenSea has over 800 employees.
In July 2022, OpenSea announced that they would cut off 20% of their staff and in this announcement they revealed that there are only around 230 employees left.
OpenSea collaborated with celebrities and high-profile organizations which generated revenue of millions of dollars in the process.
These are OpenSea’s largest partners:
OpenSea has quite a lot of popular partners, including names such as Mike Tyson, Saturday Night Live, Coca-Cola, Shawn Mendes and others.
As of December 2022, OpenSea has an all time sales volume of $33.12 billion at an average price of $278.83.
OpenSea is also well above its competitors. Let’s have a look at this table.
In comparison, Axie Marketplace has an all time sales volume of $4.26 billion at an average price of $169.99.
Source: Dapp Radar
As of December 2022, OpenSea has over 2.45 million registered users who have made at least one transaction on the platform.
That is 61x the amount of registered users that they had in March 2020.
This shows how much the NFT market grew ever since the early months of 2022, with more millions of users joining OpenSea.
As of December 2022, most of OpenSea users are aged 25 to 34 with 36.88% of the overall user population.
This data contains estimations based on the web traffic in and out of OpenSea.
The 18-24 age bracket is also very popular among OpenSea users, covering over 25% of the total users.
As of December 2022, there are more female OpenSea users than male OpenSea users: 73.06% female & 26.94% male users.
Most of OpenSea's audience contains female users.
The most popular cryptocurrency in OpenSea that is being used is Ethereum. Almost all of its top selling NFTs are being transacted with ETH.
As of December 2022, OpenSea supports 6 core cryptocurrencies and a few other payment tokens. Below is a list of them:
As of December 2022, there are more than 80 million NFTs in OpenSea.
There are a total of 9 categories of NFTs in OpenSea. These are:
As of December 2022, the top NFT Collections in OpenSea belongs to CryptoPunks with over 1 million trade volume in Ethereum cryptocurrency and has a total of 9,998 items created.
Let’s take a good look over the top NFTs in OpenSea.
OpenSea is available on almost every country. However, based on the sanctions implemented by the U.S., some countries are banned and blocked from using OpenSea. These countries includes North Korea and Iran.
Below is the complete list of banned and blocked countries.
OpenSea is banned (or blocked) in: North Korea, Iran, Cuba, Syria and Venezuela.
As of November 2022, the average time spent using OpenSea is:
These are the key stats and key info on OpenSea mobile app on Android as of December 2022:
These are the key stats and key info on OpenSea mobile app on iOS as of December 2022:
OpenSea's website traffic is mostly direct, with 71.50% of the total traffic.
The Search and Social categories are also very important for OpenSea. This includes apps such as Twitter or Reddit, where news of OpenSea NFTs are constantly shared.
Note how the referral system is also quite a bit of OpenSea's traffic, as it totals almost 6% of the traffic.
OpenSea gets most of its traffic from desktop devices, with 65.21% of the total users. Mobile users total only 34.79% of OpenSea.
The United States is the #1 country visiting OpenSea, with almost 20% of the total users. Next on the list is Japan, with almost 7%.
Ch Daniel is the co-founder of SignHouse and chairman of the CH Group. Daniel is leading the development of SignHouse's product, as well as strategising how else the company can reach its main mission: empowering 100M+ to use the world's most efficient document organisational tools.