OpenSea Co-Founders Devin Finzer and Alex Atallah Become The First NFT Billionaires
OpenSea Co-Founders Devin Finzer and Alex Atallah Become The First NFT Billionaires. There has been a lot of buzz around NFTs (Non Fungible Tokens) and other digital assets, which has resulted in an industry that has taken over the investment and trading environment and has managed to produce its first billionaires.
According to Forbes Magazine Co-founders of OpenSea, Devin Finzer and Alex Atallah have become the world’s first NFT billionaires. Their company OpenSea, which is a peer-to-peer marketplace for NFTs, rare digital items and crypto collectibles was valued at $13.3 billion, up from $1.5 billion just six months ago following its latest funding round. With estimated 18.5% stakes in OpenSea, cofounders Devin Finzer and Alex Atallah are each worth about $2.2 billion, Forbes estimates.
OpenSea is a company that is excited about a brand new type of digital good called a non-fungible token, or NFT. It believes NFTs have exciting new properties such as being unique, provably scarce, tradeable, and usable across multiple applications. The rise of digital assets being traded online has led to a lot of people accumulating a lot of wealth. People have done this through buying these assets at a low price and selling them at a high price, just like one would do with any other assets.
Devin Finzer and Alex Atallah became billionaires through their company, which provides a service that is vital for these trades to take place. This is why their company has risen in value so rapidly. Many people are now starting to get more knowledgeable about NFTs and are therefore using their company to trade their assets.
With the way digital technology has taken over in the last few years, it can be said that the industry is set to grow even more in the coming years as it has become a viable option for a lot of people to create and build wealth just like Finzer and Atallah did.
