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NFT exchange OpenSea made just $28,000 a month when it launched 4 years ago. Now its founders are about to be crypto billionaires.
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After two years in operation, the founders of OpenSea, an exchange for non-fungible tokens, were nearing a make-or-break moment.
By March 2020, the platform was still only making a meager $28,000 in commission revenue per month since launching in December 2017, Forbes reported in a November 23 profile titled "What Every Crypto Buyer Should Know About OpenSea, The King Of The NFT Market."
The founders — 31-year-old Devin Finzer and 29-year-old Alex Atallah — said the market for NFTs felt dead and planned on folding if business hadn't doubled by year-end, according to the article.
By September 2020, they met that goal, Forbes wrote.
The doubling in revenue, which is derived from a 2.5% commission on transactions, was
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