Metaverse Rank 3 of 5 in Singapore Largest NFT market

OpenSea

The largest and oldest NFT marketplace, for buying, selling and minting digital assets on several blockchains.

United States opensea.io Last updated
Visit site Compare with 4 others
SeeMetric score +3 vs the category average (72)

In two sentences

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 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
Fees and costs76+11
Depth of worlds and assets84+8
Innovation72-5
Accessibility and experience70

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.

Was this review useful?

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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Where it stands (Singapore)

The option one place up, one place down, and the whole table.

One place up Roblox #2 This page OpenSea #3 One place down The Sandbox #4

Full standings of Metaverse

  1. 1

    Coinbase

    United States

    A licensed crypto exchange in the US and Europe, focused on security and simplicity.

  2. 2

    Roblox

    United States

    The world's largest user-built virtual world, with millions of games and experiences made by users.

  3. 3

    OpenSea

    United States

    The largest and oldest NFT marketplace, for buying, selling and minting digital assets on several blockchains.

  4. 4

    The Sandbox

    Hong Kong

    A blockchain virtual world where users build games and experiences on land they own.

  5. 5

    Decentraland

    Argentina

    A decentralised virtual world whose land and assets are recorded and traded on the blockchain.

Criterion by criterion

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