The Ledger

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Disclosure
Devin Finzer: OpenSea tracks transaction count over GMV to evaluate marketplace health
“We definitely, you know, don't look just at GMB, right? We look at Number of transactions, right? So number of sales as a more healthy metric, because that's an indicator of, are people able to sell the stuff that they want to sell in the marketplace? And then…”
Devin Finzer Jan 14, 2022 ▶ 13:04 20VC: Opensea Founder, Devin Finzer on Scaling GMV from $150M to $3BN in 18 Months, How Brands and Celebrities Will Harness NFTs To Change Their Business, The Impact of NFTs on Gaming & What is in Devin's Metamask Wallet?!
Disclosure
Devin Finzer: OpenSea expected gaming and utility NFTs to lead over collectibles
“That phenomenon, I didn't think was sort of what would drive a wave of excitement around NFTs. You know, I sort of had more of a thesis around, like, games or things that are useful or like inherently useful NFTs versus these like more collectible use cases.”
Devin Finzer Jan 14, 2022 ▶ 19:02 20VC: Opensea Founder, Devin Finzer on Scaling GMV from $150M to $3BN in 18 Months, How Brands and Celebrities Will Harness NFTs To Change Their Business, The Impact of NFTs on Gaming & What is in Devin's Metamask Wallet?!
Disclosure
Devin Finzer: OpenSea grew linearly and occasionally shrank during 2018 crypto winter
“Because on one hand, you know, we weren't really growing that fast. We were kind of, like, linearly growing. Sometimes we had, like, a negative month or whatnot, but we still did have, like, Some transaction volume on the marketplace.”
Devin Finzer Jan 14, 2022 ▶ 11:32 20VC: Opensea Founder, Devin Finzer on Scaling GMV from $150M to $3BN in 18 Months, How Brands and Celebrities Will Harness NFTs To Change Their Business, The Impact of NFTs on Gaming & What is in Devin's Metamask Wallet?!
Disclosure
Devin Finzer: Figma founder Dylan Field is a close mentor on OpenSea
“Founder of Figma is a really close mentor of mine. I mean, what's great about Dylan is he is able to do so many different things. He's running Figma, but he's also extremely deep in the NFT space, so he's just been, like, very helpful from, like, mentoring us …”
Devin Finzer Jan 14, 2022 ▶ 30:32 20VC: Opensea Founder, Devin Finzer on Scaling GMV from $150M to $3BN in 18 Months, How Brands and Celebrities Will Harness NFTs To Change Their Business, The Impact of NFTs on Gaming & What is in Devin's Metamask Wallet?!
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