How NFT Platform OpenSea Plans to Maintain Its Competitive Advantage - Ep.232

Published: April 27, 2021, 7:30 a.m.

Devin Finzer, co-founder and CEO of NFT marketplace OpenSea, talks all things non-fungible. Check out the whole show to hear Devin answer the following questions:\n \xa0\n First Half: Breaking Down NFTs\n Why did he become so interested in NFTs ?\xa0\n What is an NFT? Why have NFTs become so popular recently?\xa0\n Who is creating NFTs? Who is purchasing NFTs?\xa0\n Are we in an NFT bubble?\xa0\n How is the NFT ecosystem going to evolve over the next few years?\xa0\n What are people purchasing when they buy an NFT?\xa0\n \xa0\n Second Half: OpenSea Q+A\n What is OpenSea?\xa0\n How will OpenSea maintain its competitive advantage in the open-source blockchain ecosystem?\xa0\n How does OpenSea make money?\xa0\n Are artists making money on OpenSea?\xa0\n How is OpenSea planning on integrating with layer 2 solutions on Ethereum and other blockchains?\xa0\n How do royalties work on OpenSea? Why are they hard to enforce?\xa0\n What can be done about content being minted on OpenSea without an artist\u2019s permission?\xa0\n What issues in the NFT world still need to be resolved?\xa0\n How is OpenSea handling the environmental concerns surrounding NFTs?\xa0\n What\u2019s next for OpenSea?\xa0\n \xa0\n Thank you to our sponsors!\n E&Y: https://ey.com/globalblockchainsummit\n Crypto.com: https://crypto.onelink.me/J9Lg/unchainedcardearnfeb2\xa0\n Kyber Network: Dmm.exchange\n \xa0\n Episode Links\n \xa0\n Basic Links\n Devin\u2019s Twitter\n \nhttps://twitter.com/dfinzer?lang=en\xa0\n \n OpenSea\n \nhttps://opensea.io/\xa0\n \n \xa0\n Devin Finzer\n Content\n Podcast appearances\n \n https://www.owltail.com/people/YzIoa-devin-finzer/appearances\xa0\n \n The NFT Bible\n https://opensea.io/blog/guides/non-fungible-tokens/\n \n Blockchain gaming (2018)\n \n https://www.coindesk.com/the-emerging-trends-in-the-blockchain-gaming-world\xa0\n \n \xa0\n OpenSea\n Profiles\n Fortune\n https://fortune.com/2021/03/18/nft-art-crypto-marketplace-opensea-amazon/\n \n CoinDesk 50 for 2020 (#47)\n \nhttps://www.coindesk.com/the-coindesk-50\xa0\n \n \n Recent announcements\n scaling solution w/ Immutable X (Mar 31)\n \n https://www.coindesk.com/nft-opensea-immutable-layer-2-protocol-ethereum\xa0\n \n https://decrypt.co/65828/immutable-x-ethereum-nft-gods-unchained\xa0\n \n A16z investment (Mar 18th)\n \nhttps://a16z.com/2021/03/18/investing-in-opensea/\xa0\n \n updating terms of service (Mar 13)\n \n https://twitter.com/opensea/status/1370895902068637697\xa0\n \n taking down the hacker NFT (Mar 9)\n https://www.coindesk.com/hacker-selling-cybersecurity-exploit-nft\n \n unlockable content (early March)\n \n https://twitter.com/opensea/status/1366780226416631817\xa0\n \n Tezos collab (Feb 10)\n \n https://twitter.com/opensea/status/1359519631275352064\xa0\n \n creating NFTs for free (Dec 29)\n \n https://opensea.io/blog/announcements/introducing-the-collection-manager/\xa0\n \n https://twitter.com/xanderatallah/status/1358848443356221445\xa0\n \n recent usage:\n https://duneanalytics.com/rchen8/opensea\n \n \n 2018 investing round\n \n https://www.coindesk.com/ebay-cryptokitties-raises-2-million-star-vcs\xa0\n \n https://opensea.io/blog/announcements/opensea-raises-2-million/\xa0\n \n Other\n Terms of service talk\n https://www.reddit.com/r/opensea/comments/m12uh4/do_i_keep_the_rights_to_any_nft_i_sell_on_opensea/\n \n Stats\n \n https://www.forbes.com/sites/youngjoseph/2021/03/29/nft-market-rages-on-nfts-market-cap-grow-1785-in-2021-as-demand-explodes/?sh=2974862a7fdc\xa0\n https://duneanalytics.com/rchen8/opensea\n \n \nLearn more about your ad choices. Visit megaphone.fm/adchoices