OpenSea Revenue and Growth Statistics (2023)

Key OpenSea user stats. Includes data on revenue, worth, number of employees, number of users, and more.
OpenSea Revenue and Growth Statistics (2023)
Last updated on:
November 7, 2022

OpenSea Interesting Key Facts

  • David Finzer, one of the co-founders and CEO of OpenSea, also co-founded Claimdog, a personal finance app that provides money reclamation service.
  • In 2015, Claimdog was acquired by Credit Karma for an undisclosed amount.
  • OpenSea is founded by David Finzer and Alex Atallah on December 20, 2017.
  • In 2021, David Finzer was ranked 19th on “NFTy 50” by Forbes and considered one of the most influential individuals in the NFT scene.
  • In 2022, collections outside the top 10 racked in 80% of the year’s earnings from creator fees.
  • In January 2022, OpenSeas suffered a bug where users can buy more than $1 million worth of NFTs on discount. The company then refunded a total of 750 ETH or $1.8 million to creators.
  • On January 27 2022, OpenSeas tried to limit the number of NFTs created using the free minting tool. The decision was immediately reversed due to user backlash. The company then admitted that 80% of the NFTs created with the free minting tool were plagiarized or spam.
  • Creators on OpenSeas has earned over $1 billion from creator fees.

Source: Fortune, OpenSea Blog, Forbes, Engadget, Forbes

OpenSea Company Overview (About)

Let's take a look at OpenSea, the leading NFT market. At a glance:

Key statKey Info
Launch dateDecember 20, 2017
Based in:105 East 24th St., New York, U.S.A.
Founders:David Finzer (CEO), Alex Atallah
Business typePrivate
IndustryNFT Marketplace
Valuation$13.3 billion (January 2022)
Number of employees832 (as per Linkedin)
Acquisitionsgem.xyz
 Dharma Labs
 Atomic Bazaar
Website:https://opensea.io/

Sources: CB Insights, TechCrunch, Art News, Linkedin, OpenSea

What is Devin Finzer’s net worth?

As of December 2022, Devin Finzer (OpenSea CEO) has a net worth of $1.3 billion.

Source: Forbes

What is OpenSea’s revenue?

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.

Source: Token Terminal, Twitter

How much is OpenSea worth? (Opensea Valuation)

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.

YearValuation
2021$1.5 billion
2022$13.3 billion

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)!

Sources: New York Times, TechCrunch

OpenSea Funding History

In funding of over 7 rounds, OpenSea has raised a total of $427.2 million. The latest funding for OpenSea was in January 2022.

Announced DateTransaction NameNumber of InvestorsMoney RaisedLead Investors
Jan 5, 2022Series C - OpenSea5$300 millionCoatue, Paradigm
Oct 2, 2021Secondary Market -OpenSea5Cashican People LLC
Jul 20, 2021Series B - OpenSea11$100 millionAndreesen Horowitz
Mar 18, 2021Series A - OpenSea29$23 millionAndreesen Horowitz
Nov 19, 2019Seed Round - OpenSea6$2.1 milliongumi Cryptos Capital (gCC)
May 10, 2018Seed Round - OpenSea10$2 million1confirmation
Jan 4, 2018Pre Seed Round - OpenSea1$120,000Y Combinator

Looking at the table above, you can see how OpenSea managed to collect a total of 67 investors over 4 years.

Source: Crunchbase

Who invested on OpenSea?

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.

Investor NameLead InvestorFunding RoundPartners
Kathryn HaunSeries C - OpenSea
CoatueYesSeries C - OpenSeaDan Rose
Bossanova InvestimentosSeries C - OpenSea
Seth WeinsteinNoSeries C - OpenSea
ParadigmYesSeries C - OpenSeaFred Ehrsam
Tor Kenz CapitalSecondary Market - OpenSea
Buck StashSecondary Market - OpenSea
Crowd VentureSecondary Market - OpenSea
Cashican People LLCYesSecondary Market - OpenSea
COINDSecondary Market - OpenSea

Out of the 67 OpenSea investors, only 7 of them are lead investors.

Source: Crunchbase

OpenSea Acquisitions

OpenSea made 3 acquisition in the course of 4 years (2018-2022). Gem.XYZ is OpenSea's latest acquisition, on Apr 24, 2022.

Transaction NameAcquiree NameAcquirer NameAnnounced Date
gem.xyz acquired by OpenSeagem.xyzOpenSeaApr 24, 2022
Dharma Labs acquired by OpenSeaDharma LabsOpenSeaJan 17, 2022
Atomic Bazaar acquired by OpenSeaAtomic BazaarOpenSeaDec 13, 2018

Source: Crunchbase

How does OpenSea make money?

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

What is OpenSea’s market share?

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.

Month and YearMarket Share
Jan 202289%
Feb 202289%
Mar 202286%
Apr 202279%
May 202275%
Jun 202270%
Jul 202270%
Aug 202273%
Sep 202260%
Oct 202266%

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

How many people work at OpenSea?

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.

Year and MonthNumber of Employees
Jan 202270
Jun 2022275
July 2022230
Dec 2022800

Sources: The Verge, Art News, Bloomberg, Forbes, Linkedin

How many partners are working together with OpenSea?

OpenSea collaborated with celebrities and high-profile organizations which generated revenue of millions of dollars in the process.

These are OpenSea’s largest partners:

NFTCreator
888Kevin Abosch
The Mike Tyson NFT CollectionCory Van Lew
DeLorean's 40th Anniversary NFT CollectionDeLoreanMotorCompany
Reddit CryptoSnoosRedditCollectibleAvatars
PACMAN x Genies: Into The FutureGenies
Golden State Warriors Legacy CollectionGoldenStateWarriors
Lil Jon - I Got An NFT B!TCHLilJon
Saturday Night LiveSaturday Night Live
Petra Cortright - RoomSimcoDrops
Rob Gronkowski Championship Series NFTsRobGronkowski
Wonder: Shawn Mendes x GeniesGenies
Coca-Cola23D31C

OpenSea has quite a lot of popular partners, including names such as Mike Tyson, Saturday Night Live, Coca-Cola, Shawn Mendes and others.

Source: OpenSea

What is the total sales volume of OpenSea?

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.

RankMarketAverage PriceTradersVolume
#1OpenSea$278.832,471,707$33.12B
#2Axie Marketplace$169.992,176,375$4.26B
#3CryptoPunks$131,6107,299$2.99B
#4Magic Eden$122.911,383,389$1.94B
#5LooksRare$6,270113,053$1.65B
#6NBA Top Shot$47.83570,130$976.36M
#7X2Y2$593.83171,275$954.31M
#8Mobox$519.6587,793$698.05M
#9Solanart$895.2244,789$665.76M
#10BloctoBay$147.32147,373$462.02M

In comparison, Axie Marketplace has an all time sales volume of $4.26 billion at an average price of $169.99.

Source: Dapp Radar

OpenSea: Number of Users

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.

Month and YearUsers
March 20204,000 users
March 20221.3 million users
June 20221.7 million users
Sept 20222.15 million users
December 20222.45 million users

This shows how much the NFT market grew ever since the early months of 2022, with more millions of users joining OpenSea.

Sources: Dune, Forbes, OpenSea, Twitter

Age Distribution of OpenSea Users

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.

Age BracketPercentage
18-2425.21%
25-3436.88%
35-4418.86%
45-549.99%
55-645.72%
65+3.34%

The 18-24 age bracket is also very popular among OpenSea users, covering over 25% of the total users.

Source: Similarweb

Gender Distribution of OpenSea Users

As of December 2022, there are more female OpenSea users than male OpenSea users: 73.06% female & 26.94% male users.

GenderPercentage
Male26.94%
Female73.06%

Most of OpenSea's audience contains female users.

Source: Similarweb

How many cryptocurrencies does OpenSea support?

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:

  • Ethereum (ETH)
  • Solana (SOL)
  • Avalanche (AVAX)
  • USD Coin (USDC)
  • Binance Coin (BNB)
  • Dai (DAI)

Source: OpenSea

How many NFTs are there in OpenSea?

As of December 2022, there are more than 80 million NFTs in OpenSea.

Source: OpenSea

How many categories of NFTs are there in OpenSea?

There are a total of 9 categories of NFTs in OpenSea. These are:

  • Art
  • Collectibles
  • Domain Names
  • Music
  • Photography
  • Sports
  • Trading Cards
  • Utility
  • Virtual Worlds

Source: OpenSea

What are the top NFT Collections in OpenSea?

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.

RankNFT CollectionVolumeSalesNumber of OwnersNumber of Items
#1https://opensea.io/collection/cryptopunks1 million ETH~22,0003,6589,998
#2https://opensea.io/collection/boredapeyachtclub696,000 ETH~27,0006,4259,998
#3https://opensea.io/collection/mutant-ape-yacht-club471,000 ETH~36,00012,90319,429
#4https://opensea.io/collection/otherdeed361,000 ETH~52,00038,83899,999
#5https://opensea.io/collection/azuki270,000 ETH~28,0005,02810,000
#6https://opensea.io/collection/clonex243,000 ETH~20,0009,66019,442
#7https://opensea.io/collection/proof-moonbirds176,000 ETH~9,9756,57710,000
#8https://opensea.io/collection/sandbox158,000 ETH~89,00022,497134,863
#9https://opensea.io/collection/doodles-official153,000 ETH~24,0005,45210,000
#10https://opensea.io/collection/meebits130,000 ETH~24,0006,45719,999

Source: OpenSea

Which countries is OpenSea available in?

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.

List of Banned and Blocked Countries
North Korea
Iran
Cuba
Syria
Venezuela

OpenSea is banned (or blocked) in: North Korea, Iran, Cuba, Syria and Venezuela.

Source: Cryptominded

How much time do people spend on OpenSea

As of November 2022, the average time spent using OpenSea is:

  • 00:07:53

Source: Similarweb

OpenSea Mobile App Statistics: Android vs iOS

These are the key stats and key info on OpenSea mobile app on Android as of December 2022:

Key StatKey Info
Launch DateSeptember 15, 2021
Total Downloads1 million
Monthly Downloads40,000
Rating Reviews3.9 out of 5
Total Review Votes23,700

These are the key stats and key info on OpenSea mobile app on iOS as of December 2022:

Key StatKey Info
Launch DateSeptember 15, 2021
Total Downloads
Monthly Downloads
Rating Reviews4.7 out of 5 stars
Total Review Votes‎27,200

Source: Google Play, Apple Store

OpenSea Traffic Summary Overview

Key StatKey Info
Daily Unique Visitors812,617
Monthly Visits24,622,295
Pages per Visitor7.03
Daily Pageviews5,715,947
Monthly Visits (SEMrush)43,780,539
Monthly Unique Visitors (SEMrush)12,838,819
Monthly Visits (SimilarWeb)23,900,510
Alexa Rank458
Alexa Reach0.0816% (of global internet users)
Bounce rate31.67%

Source: HypeStat

OpenSea Website Traffic Sources

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.

SourcesPercentage of Traffic
Direct71.50%
Refferal5.93%
Search12.13%
Social10.39%
Paid0.05%

Note how the referral system is also quite a bit of OpenSea's traffic, as it totals almost 6% of the traffic.

Source: HypeStat

OpenSea Traffic Source: Desktop vs Mobile

OpenSea gets most of its traffic from desktop devices, with 65.21% of the total users. Mobile users total only 34.79% of OpenSea.

Traffic SourcePercentage
Desktop Devices65.21%
Mobile Devices34.79%

Source: HypeStat

Top Countries Visiting 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%.

CountryPercentage of Traffic
United States19.30%
Japan6.36%
India3.73%
Turkey3.72%
Canada3.64%
Others63.26%

Source: Similarweb

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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.

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