---
title: "What is OpenSea NFT?"  
description: "What is OpenSea NFT?"  
author: "Mukul Goenka"  
published: 2022-05-24  
canonical: https://answers.mindstick.com/qa/97617/what-is-opensea-nft  
category: "troubleshooting"  
tags: ["troubleshooting", "nft"]  
reading_time: 1 minute  

---

# What is OpenSea NFT?

What is [OpenSea](https://www.mindstick.com/news/1267/opensea-nft-marketplace-acquires-dharma-labs-a-crypto-leading-platform-and-wallet-provider) [NFT](https://answers.mindstick.com/qa/97613/how-many-nft-are-there)?

## Answers

### Answer by Hitesh Vohra

**OpenSea** is a decentralised marketplace for buying and selling NFTs that is changing the game. NFTs stand for Non-Fungible Tokens, which are unique, collectible digital items such as in-game assets, avatars, trading cards, and art.

OpenSea is a non-fungible token (NFT) marketplace based in New York City, United States. Devin Finzer and Alex Atallah launched the company in 2017. Based on the Ethereum ERC-721 standard, the layer-2 scaling solution for Ethereum Polygon, the KIP-7 standard for Klaytn, and the SPL standard for Solana,

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OpenSea provides a marketplace where non-fungible tokens can be sold directly at a fixed price or through an auction. Following a surge in interest in non-fungible tokens in 2021, the company's sales increased to $95 million in February and $2.75 billion in September. The company was valued at $13.3 billion in January 2022, making it the largest non-fungible token marketplace.

**Read More: [My phone just overheated and the screen turned black. What should I do?](https://answers.mindstick.com/qa/94395/my-phone-just-overheated-and-the-screen-turned-black-what-should-i-do)**


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Original Source: https://answers.mindstick.com/qa/97617/what-is-opensea-nft

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