Opensea

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Opensea

Definition:

The largest and most decentralised NFT marketplace. Opensea has become ubiquitous with NFT trading as the dominant secondary marketspace in the game. Original collections can also be launched on the platform allowing artists to easily find their community and sales. #brokensea is used when Opensea is down… which is not uncommon.

Degen Chat

“@Opensea is the largest NFT marketplace. Brokensea is catching up on it however.”

Related Terms:
  • Dictionary: Block Explorer
    A web interface that allows users to query the contents of the blockchain, like a search engine for the blockchain. Information on the blockchain can be searched like transactions and addresses balances.
  • Dictionary: Buying on Secondary
    An NFT term that relates to the period after the mint. Typically, NFTs are minted for the first time from the smart contract in a mint event. Then when all NFTs are claimed or minted, they can be traded on the secondary market, which includes marketplaces like OpenSea.
  • Dictionary: GTD
    Going to dust. Say goodbye to that crypto token or NFT you bought. Gonna be worthless soon fren.
  • Dictionary: Larva Labs
    A New York design studio at the forefront of the NFT world. Creators of @cryptopunks, @meebits and @autoglyphs, their place amongst the Ethereum Hall of Fame is undeniable.
  • Dictionary: Looks Rare
    Rarity is important within an NFT collection. However, if someone comments on your newly minted PFP that it “looks rare”, it could be ironically. This may create a flipping desire. It’s also the name of an NFT marketplace competing with OpenSea.


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