OpenSea makes money on the sale of NFTs through its system.
The platform takes a 2.5% fee of each transaction that happens on OpenSea, helping the platform grow along with the NFT economy.
This business model helps in bringing together blockchain gaming enthusiasts, NFT creators, and crypto investors on one platform.
Opensea is a peer-to-peer marketplace for crypto collectibles and non-fungible tokens (NFTs).
It includes collectibles, gaming items, and other virtual goods backed by a blockchain.
On OpenSea, anyone can buy or sell these items through a smart contract.