OpenSea is the largest marketplace for NFTs and user-owned digital items. The platform’s more than 600,000 users collectively have 2 million collections containing over 80 million NFTs. The platform is now valued at over $13.3billion and has attracted many of the world’s most prominent investors including: Mark Cuban, Tim Ferris, Ben Silberman, Alexis Ohanian, Balaji Srinivasan, Naval Ravikant, Justin Kan and Ashton Kutcher alongside funds including Andreesen Horowitz, Y Combinator and Founders Fund. In this interview, I speak to Devin Finzer, Co-Founder & CEO of OpenSea. We talk about the potential of blockchain, crypto technologies and NFTs. We discuss the NFT revolution, the potential use cases of NFTs, how they’re transforming the creator economy and creating opportunities for collectors and makers. We also talk about the technology behind NFTs, and Devin’s life as one of the most successful technology entrepreneurs in the world.

Thought Economics

In 2008, during the turbulence of a global financial crisis, a person (or group) called Satoshi Nakamoto released a white-paper called Bitcoin: A Peer-to-Peer Electronic Cash System. The principle was simple but revolutionary- a technique to record digital transactions in a way that was public, permanent and verifiable without requiring a third party for trust. It is this principle that became more commonly known as Blockchain (or distributed ledger). Today, just 13 years later, the cryptocurrency market is valued at a staggering $1.6 trillion (around 2% of the entire global economy) and blockchain based companies are raising some of the largest rounds of funding in technology. To understand more about Blockchain and Cryptocurrencies I spoke to Nobel Prize Winning Economist, Professor Eric Maskin and a global expert on blockchain and cryptocurrency, Michel Rauchs.

Thought Economics

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