OpenSea Overview
When it comes to the rise of crypto collectors, it is no surprise that many secondary markets have emerged for the exchange of these unique assets.
For those unfamiliar with non-fungible tokens (better known as NFTs), these are tokens that are unique to each other because of special features or identifiers that distinguish them from others in a similar set.
Especially within DeFi, we have seen that NFTs play a role in tokenizing assets and contracts alike, all of which play a more significant role in the notion of composability — or different products interacting with each other towards a larger ecosystem.
In this overview, we dive into OpenSea — an industry-leading decentralized exchange (DEX) for NFTs built on Ethereum.
What is OpenSea?
OpenSea is the first (and largest) peer-to-peer marketplace for crypto goods (such as eBay for crypto goods), which includes collectibles, game items, and other virtual goods secured by a blockchain. On OpenSea, anyone can buy or sell these items through an intelligent contract.
These goods are digital items that you can collect. These goods can have different categories, and the only rule is that they are 100% digital and tokenized and that they are 100% yours…
