OpenSea: The Reasonable Revolutionary | The Generalist

This isn’t a knock on OpenSea. OpenSea is killing it, and I’m a big fan. It just crossed 400k total traders all-time. It’s made it possible for a large number of early adopters to buy and trade NFTs. But it still looks and behaves like a web2 product, as most web3 products do. People upload content, other people can interact with and transact that ... See more

For users, there are a few dominant, centralized products. If they want to exchange currencies, they probably use Binance or Coinbase. If they want to buy or sell NFTs, they probably use OpenSea, which as of late 2021 captured more than 95% of the NFT market share.3 If they want to join a DAO? Well, they’ll probably need to abandon the blockchain e... See more