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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·5 वर्ष पहले·1 comments

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CyrusL
·5 वर्ष पहले·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
·5 वर्ष पहले·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
·5 वर्ष पहले·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
·5 वर्ष पहले·discuss
That's correct
CyrusL
·5 वर्ष पहले·discuss
The implementation is usually cryptographically signing a message from the account that owns the NFT.
CyrusL
·5 वर्ष पहले·discuss
Hi, I’m an NFT collector. A bunch of my friends are too.
CyrusL
·5 वर्ष पहले·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
·5 वर्ष पहले·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.