OpenSea is the main marketplace for NFTs, and assets from virtual worlds such as Decentraland and The Sandbox land trade there too. Unverified collections and asset authenticity risks require careful user verification.
Best in Asset security and clear ownershipBest in Fees and costs
Founded
2017
Based in
New York, United States
Business model
NFT and token marketplace across blockchains
Available in
Most countries, except Iran
Score by criterion, against the category
The tick on each bar is the category average; the signed number is the distance from it.
Asset security and clear ownership74+4
Fees and costs76+10
Depth of worlds and assets84+10
Innovation72-4
Accessibility and experience70+3
Good fit for
Buying and selling NFTs and virtual-world assets
Artists who want to sell digital work
Anyone who wants several blockchains in one market
Less suited when
Beginners who do not understand wallets and risk
People in Iran; OpenSea has blocked users in Iran
Strengths
The largest NFT catalog across several blockchains
Transparent ownership and history for every asset
No-code minting
A relatively low platform fee
Opportunities for improvement
Can improve by automating authenticity checks and verified collection badges to protect users against unofficial duplicates
Opportunity to expand novel Web3 utility beyond speculative market cycles
Room to provide clearer real-time gas fee estimates during peak network congestion
Verdict
The most credible market for trading digital assets; stick to verified collections and a secure wallet.
What OpenSea actually is
OpenSea launched in New York in 2017 and became the largest NFT marketplace. Trades run straight from the user's wallet.
What you pay and what you get
OpenSea takes a percentage fee on sales, and blockchain network fees are separate.
Where it is strong
Catalog depth and transparent ownership records make it the reference market for digital assets.
How it can improve, and what we could not verify
Unverified collections and authenticity risks remain permanent market factors. OpenSea blocked Iranian users' accounts in 2022, so it is not in the Iran view.
Questions about OpenSea
Is OpenSea available to users in Iran?
No; OpenSea has blocked users in Iran.
How do I verify NFT authenticity?
Buy only verified collections and check the contract address.
Are NFTs a good investment?
This score is not investment advice; the market is highly volatile.
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Disclosure: Seemerce is developing products in some of these same areas (Seemerce Infinity). Scores are editorial assessments by Seemerce based on public information. Companies can send corrections or a reply to mahdiparto94@gmail.com. Names and logos belong to their owners and are used only to identify them; Seemerce is not affiliated with or endorsed by them.
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