OpenSea is the name of a cryptocurrency marketplace, created by Devin Finzer in 2017. The platform allows you to create, sell and buy NFT tokens. As of early 2022, the platform holds global leadership in the non-fungible token market.
Meaning and history
OpenSea is the first NFT-marketplace, launched in 2017. The platform operates on the principles of a decentralized community: cryptocurrency wallets, addresses, and assets are controlled by users themselves. The marketplace protocol supports Ethereum, Polygon, and Klaytn Blockchain.
OpenSea is the world’s first and largest NFT marketplace. Here you can create, sell, buy and collect digital works of art tied to non-fungible tokens. Anyone can upload their art, whether it’s an image, music, video, or a 3D model, turn it into NFT, put it up for auction, and earn cryptocurrency. The main distinctive feature of OpenSea is the wide variety of categories, including such popular ones as art, sports, collectible cards, and projects from famous artists.
To work with the platform there is no need to be verified, it is enough to connect a cryptocurrency wallet to the website. Available wallets for using OpenSea are MetaMask, Coinbase Wallet, and Portis, as well as mobile versions of Trust and OperaTouch wallets.
There are two types of pricing in OpenSea: Highest Bid, or an auction, and direct purchase, which is called Set Price. Any user can bid or buy an NFT at the highest price. Auction is the most popular method of selling on OpenSea, as it adds excitement and the ability to sell a token or set at an inflated price. WETH tokens are used for payment.
For the buyer, there can be no problems with the purchase of NFT on the platform, as the site is built on the principle of a classic marketplace. You choose a product, add it to the cart, pay, and get it. Also, the buyer pays a platform commission of 2.5%.
What is OpenSea?
OpenSea is a platform for trading NFT (non-fungible tokens). The world’s first and largest NFT marketplace. the platform allows you to sell, buy and create your own NFT tokens.
In terms of visual identity, OpenSea has a pretty simple logo for being the main online platform working with digital art. Although, on the other hand, it can be an advantage too — the simpler the logo looks, the more attention is paid to the NFTs offered on the website.
2017 – 2022
The very first logo designed for OpenSea was introduced in 2017 and stayed with the NFT marketplace for good five years. The emblem with a blue clipper inscribed in a circle has become the base for the future redesign, but was way more colorful and detailed. The ship was drawn in four shades of blue, with more turquoise hues, and the thick circular frame was all gradient. The plain white background of the logo depicted small waves on the bottom of the OpenSea Clipper.
2022 – now
Font and color
The bold and stable OpenSea logotype from its primary badge is executed in a modern sans-serif typeface with thick lines and straight cuts of the bars. There is nothing but a sense of strength and confidence in the wordmark and its style. The font, closest to the one used in the OpenSea logo is, probably, ITC Avant Garde Gothic Pro Bold, although there is some resemblance to Genera Alt Semi Bold too.
As for the color palette of the OpenSea logo, it is based on just three colors: soft blue, white, and black. The combination of white and black is something, that can add a professional touch and a sense of expertise and excellence to literally everything, while blue is the most commonly used color for technological companies and everything connected to IT. Blue is also a symbol of reliability and safety.