“When the global economy is uncertain, our mission to build a foundational layer for new, peer-to-peer economies feels more urgent and important than ever.”
Devin Finzer and Alex Atallah have made history as billionaires due to their innovative crypto-collectables platform OpenSea. What started in 2017 has soared exponentially, with revenue hitting 20 million per month in the second half of 2020 – a growth increase of an incredible 20 times in less than 6 months. Forbes estimates that by January 2022, these non-fungible token pioneers will be worth $2.2 billion each – marking them down as two iconic success stories within the industry.
Biography
Devin Finzer, born in 1990 to a physician mother and a software engineer father, had an entrepreneurial spirit from the beginning. Growing up in the San Francisco Bay Area gave him tons of opportunities for success – which he took full advantage of when attending Miramonte High School and then Brown University. During his junior year at Brown, Devin worked with Dylan Field (founder of Figma) on CourseKick – an innovative search engine that quickly caught fire among undergraduates once it launched; 20% were registered within two weeks!
With an eye to the future, Finzer co-founded two tech start-ups. The first was Claimdog – a personal finance app that soon succeeded when Credit Karma acquired it for an undisclosed sum. Developing his blockchain skills in this new position, he then teamed up with Alex Atallah and designed WifiCoin – offering users tokens in exchange for access to their wireless routers. With just one pitch, they got accepted by Y Combinator, but the duo weren’t finished there; taking inspiration from CryptoKitties, OpenSea non-fungible token marketplace was born in late 2017 with these entrepreneurs leading its development.
Finzer’s presence in the world of NFTs has been officially recognized by Forbes, ranking him as one of the “NFTy 50” most influential individuals in July 2021.
OpenSea
OpenSea is a marketplace for buying and selling non-fungible tokens (NFTs), which are unique, blockchain-based digital assets that represent ownership of a specific item or asset. OpenSea allows users to buy and sell a wide variety of NFTs, including collectables, digital art, and virtual real estate, among other things. OpenSea is known for its user-friendly interface and its large selection of NFTs.
2021 was a big year for Nonfungible Token (NFT) hype, with digital artworks and collectables garnering millions of dollars per sale. OpenSea emerged as the epicentre of NFTs in 2021; it saw an incredible $14 billion worth of transactions throughout the year — reaching to astonishing heights by December 21 when over $3.25 billion volume occurred within one month alone! The most expensive item on OpenSea? Artist Mike Winkelmann’s iconic “Everydays: The First 5000 Days” which sold for a staggering sum of close to $69 million! Celebrities also got into the game, fueling more attention towards this up-and-coming phenomenon that looks set to dominate yet another segment within the blockchain technology space moving forward.
OpenSea achieved unicorn status in just three years. Following a pre-seed round from Y Combinator, the company received $2.1 million of venture capital investments before exceeding expectations with their 2019 Series A and 2021 Series B rounds totalling an impressive $123 million raised within 12 months. OpenSea continued to soar as they secured another investment worth more than double that amount — raising over $300M this past January during series C funding – bringing the startup’s total value to a remarkable 13 billion dollars!
In 2021, OpenSea – a highly trafficked online ship with only 37 initial members – added Brian Roberts to their team as Chief Financial Officer. This new addition was followed by another significant development when Adobe announced partnerships with them and other entities for greater authenticity of NFTs. Additionally, the platform unveiled its mobile app and upgraded various aspects throughout the year, significantly increasing potential opportunities.
OpenSea experienced turbulence in 2021 when allegations surfaced of an employee using inside information to make monetary gains. The company took swift action and released a statement outlining the incident and further plans. Although OpenSea had seen growth throughout 2022, it ultimately decided to restructure by laying off 20% of employees that July for long-term success and sustainability.
FAQ
How old is Devin Finzer?
Devin Finzer was born in 1990 and grew up in the San Francisco Bay Area. As of 2022, he is 32 years old.
Devin Finzer Networth?
Finzer became the first NFT billionaire in January 2021 after private investors valued the company OpenSEa at $13.3 billion. As of December 2022, his net worth is estimated to be $1.3 Billion.
Social Media Accounts
https://www.facebook.com/dfinzer
https://www.linkedin.com/in/dfinzer/
https://www.instagram.com/dfinzer/
