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

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:

First Half: Breaking Down NFTs
Why did he become so interested in NFTs ?  What is an NFT? Why have NFTs become so popular recently?  Who is creating NFTs? Who is purchasing NFTs?  Are we in an NFT bubble?  How is the NFT ecosystem going to evolve over the next few years?  What are people purchasing when they buy an NFT?
Second Half: OpenSea Q+A
What is OpenSea?  How will OpenSea maintain its competitive advantage in the open-source blockchain ecosystem?  How does OpenSea make money?  Are artists making money on OpenSea?  How is OpenSea planning on integrating with layer 2 solutions on Ethereum and other blockchains?  How do royalties work on OpenSea? Why are they hard to enforce?  What can be done about content being minted on OpenSea without an artist’s permission?  What issues in the NFT world still need to be resolved?  How is OpenSea handling the environmental concerns surrounding NFTs?  What’s next for OpenSea?
Thank you to our sponsors!
E&Y: https://ey.com/globalblockchainsummit
Crypto.com: https://crypto.onelink.me/J9Lg/unchainedcardearnfeb2
Kyber Network: Dmm.exchange

Episode Links

Basic Links
Devin’s Twitter https://twitter.com/dfinzer?lang=en  OpenSea https://opensea.io/
Devin Finzer
Content
Podcast appearances https://www.owltail.com/people/YzIoa-devin-finzer/appearances  The NFT Bible https://opensea.io/blog/guides/non-fungible-tokens/ Blockchain gaming (2018) https://www.coindesk.com/the-emerging-trends-in-the-blockchain-gaming-world
OpenSea
Profiles Fortune https://fortune.com/2021/03/18/nft-art-crypto-marketplace-opensea-amazon/ CoinDesk 50 for 2020 (#47) https://www.coindesk.com/the-coindesk-50  Recent announcements scaling solution w/ Immutable X (Mar 31) https://www.coindesk.com/nft-opensea-immutable-layer-2-protocol-ethereum  https://decrypt.co/65828/immutable-x-ethereum-nft-gods-unchained  A16z investment (Mar 18th) https://a16z.com/2021/03/18/investing-in-opensea/  updating terms of service (Mar 13) https://twitter.com/opensea/status/1370895902068637697  taking down the hacker NFT (Mar 9) https://www.coindesk.com/hacker-selling-cybersecurity-exploit-nft unlockable content (early March) https://twitter.com/opensea/status/1366780226416631817  Tezos collab (Feb 10) https://twitter.com/opensea/status/1359519631275352064  creating NFTs for free (Dec 29) https://opensea.io/blog/announcements/introducing-the-collection-manager/  https://twitter.com/xanderatallah/status/1358848443356221445  recent usage: https://duneanalytics.com/rchen8/opensea 2018 investing round https://www.coindesk.com/ebay-cryptokitties-raises-2-million-star-vcs  https://opensea.io/blog/announcements/opensea-raises-2-million/  Other
Terms of service talk https://www.reddit.com/r/opensea/comments/m12uh4/do_i_keep_the_rights_to_any_nft_i_sell_on_opensea/ Stats 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  https://duneanalytics.com/rchen8/opensea