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CyrusL

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OpenSea (YC W18) – NFT Marketplace – Announcing our $100M raise, led by A16Z

opensea.io
5 points·by CyrusL·il y a 5 ans·1 comments

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CyrusL
·il y a 5 ans·discuss
Yeah, one employee swindled about $50k. He was immediately let go. OpenSea does $200m/day in volume. So about 20 seconds of their tx volume (not 100% sure I'm doing the math right).
CyrusL
·il y a 5 ans·discuss
lol, the conspiracy theories keep getting wilder. So it's OpenSea wash trading or their users? Pretty hard to do with a 2.5% loss on every transaction.
CyrusL
·il y a 5 ans·discuss
https://dune.xyz/rchen8/opensea

Yeah, this valuation is easily justifiable. First chart is OpenSea's monthly transaction volume. Multiply by 0.025 to calculate OpenSea's take.
CyrusL
·il y a 5 ans·discuss
That's correct
CyrusL
·il y a 5 ans·discuss
The implementation is usually cryptographically signing a message from the account that owns the NFT.
CyrusL
·il y a 5 ans·discuss
Hi, I’m an NFT collector. A bunch of my friends are too.
CyrusL
·il y a 5 ans·discuss
Theranos was not a Silicon Valley darling. I don't think there were any big SV venture funds involved. It was people like Ruport Murdoch, Henry Kissinger, George Shultz, and James Mattis investing and sitting on the board.
CyrusL
·il y a 5 ans·discuss
Nope, only a couple hundred bucks: https://shortnames.com/llll . Two-letter .coms are often sold in the high 6 and low 7 figures.