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OpenSea
OpenSea is an American online marketplace for non-fungible tokens (NFTs), founded in 2017 by Devin Finzer and Alex Atallah. It facilitates the buying, selling, and minting of NFTs across a range of blockchains. Headquartered in Miami, OpenSea supports fixed-price sales and auctions for digital assets including artwork, music, gaming items, and domain names. The company has evolved from a peer-to-peer platform into one of the largest NFT marketplaces. History Founding and initial growth (2017–2020) Devin Finzer and Alex Atallah founded OpenSea in December 2017. They were inspired by CryptoKitties, a blockchain-based game featuring non-fungible tokens that had been released earlier that year. Finzer and Atallah believed that OpenSea could be a marketplace for buying NFT tokens like those. Y Combinator accepted OpenSea into its accelerator program in 2018, and in an announcement described the startup as a "peer-to-peer marketplace for cryptogoods". After finishing the pre- ...
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Devin Finzer
Devin Finzer (born 1990) is an American entrepreneur and technology executive. He is the co-founder and chief executive officer of OpenSea, a marketplace for non-fungible tokens. In January 2022, ''Forbes'' estimated the stakes in OpenSea owned by Finzer and his co-founder Alex Atallah to be worth $2.2 billion each, making them the first two non-fungible token billionaires. In April 2023, the net worths of both founders were estimated to have fallen to less than $600 million each following a steep decline in OpenSea's valuation. Early life and education Devin Finzer was born in 1990; his mother is a physician while his father works as a software engineer. Finzer grew up in the San Francisco Bay Area and attended Miramonte High School in Orinda, California. Finzer matriculated at Brown University, where he earned a bachelor's degree in Computer Science and Mathematics in 2013. In his junior year at Brown, Finzer worked with future Figma founder Dylan Field to create Co ...
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Non-fungible Token
A non-fungible token (NFT) is a unique digital identifier that is recorded on a blockchain and is used to certify ownership and authenticity. It cannot be copied, substituted, or subdivided. The ownership of an NFT is recorded in the blockchain and can be transferred by the owner, allowing NFTs to be sold and traded. Initially pitched as a new class of investment asset, by September 2023, one report claimed that over 95% of NFT collections had zero monetary value. NFTs can be created by anybody and require little or no coding skill to create. NFTs typically contain references to digital files such as artworks, photos, videos, and audio. Because NFTs are uniquely identifiable, they differ from cryptocurrencies, which are fungible (hence the name non-fungible token). Proponents claim that NFTs provide a public certificate of authenticity or proof of ownership, but the legal rights conveyed by an NFT can be uncertain. The ownership of an NFT as defined by the blockchain has no ...
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Search Aggregator
A search aggregator is a type of metasearch engine which gathers results from multiple search engines simultaneously, typically through RSS search results. It combines user specified search feeds (parameterized RSS feeds which return search results) to give the user the same level of control over content as a general aggregator. Soon after the introduction of RSS, sites began publicising their search results in parameterized RSS feeds. Search aggregators are an increasingly popular way to take advantage of the power of multiple search engines with a flexibility not seen in traditional metasearch engines. To the end user, a search aggregator may appear to be just a customizable search engine and the use of RSS may be completely hidden. However, the presence of RSS is directly responsible for the existence of search aggregators and a critical component in the behind-the-scenes technology. History The concept of search aggregation is a relatively recent phenomenon with the fi ...
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Animoca Brands
Animoca Brands Corporation Ltd. is a Hong Kong–based game software company and venture capital company co-founded in 2014 by Yat Siu and David Kim. The company initially focused on developing mobile games, then shifted to blockchain gaming and NFTs in 2018. Animoca Brands was listed on the Australian Securities Exchange from 23 January 2015 to 9 March 2020. History On 15 November 2011, mobile games developer Animoca raised an undisclosed amount of funding in a Series A round led by Intel Capital and IDG-Accel (which tapped its China Growth Fund III). In 2014 Animoca Brands was spun out from Animoca, and the new entity listed on the Australian Securities Exchange in January 2015. From January to March 2018, Animoca Brands started rolling out Crazy Kings and its sequel, Crazy Defense Heroes generating US$2.8 million in revenue in the first three months worldwide. In March 2018, Animoca Brands launched OliveX, a fitness metaverse company building mobile games to gamify t ...
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Andreessen Horowitz
AH Capital Management, LLC (commonly known as Andreessen Horowitz, or a16z) is an American privately held venture capital firm, founded in 2009 by Marc Andreessen and Ben Horowitz. The company is headquartered in Menlo Park, California. As of May 2024, Andreessen Horowitz ranks first on the list of venture capital firms by assets under management, with $42 billion. Andreessen Horowitz invests in both early-stage Startup company, startups and established Growth stock, growth companies. Its investments span the healthcare, consumer, cryptocurrency, gaming, fintech, education, and enterprise IT (including cloud computing, security, and software as a service) industries. Founding and partnering Between 2006 and 2010, Marc Andreessen and Ben Horowitz actively invested in Technology company, technology companies. Both separately and together, they invested $4 million in 45 startups, including Twitter, Inc., Twitter. During this time, the two became known as "super angel" investors. ...
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CryptoKitties
''CryptoKitties'' is a blockchain game developed by Canadian studio Dapper Labs. The game allows players to buy, sell, and create non-fungible tokens (NFTs) using Ethereum. These NFTs represent virtual cats. The game's popularity in December 2017 congested the Ethereum network, causing it to reach an all-time high in the number of transactions and slowing it down significantly. Dapper Labs was spun-off from Axiom Zen. Both companies are based in Vancouver, Canada. ''CryptoKitties'' is the first major game to use blockchains, and one of the earliest examples of a blockchain project designed for recreation. Gameplay Players purchase, breed and trade virtual cats that have different visual features of varying levels of rarity. Players must purchase Ether cryptocurrency to join the game, and spend it to perform each breeding and trade action within the game. The virtual cats are breedable and carry a unique number and 256-bit distinct genome with DNA and different attributes (known a ...
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Coatue Management
Coatue is an American technology-focused investment management firm led by founder and portfolio manager Philippe Laffont. Coatue invests in both public and private markets, with a focus on technology, media, telecommunications, as well as the consumer and healthcare sectors. Coatue has a global presence with offices located in New York City, Menlo Park, California, London, Shanghai and Hong Kong. History Philippe Laffont graduated from MIT in 1989 with a degree in computer science. He worked as an analyst for McKinsey & Company from 1992 to 1994 in Madrid, Spain. After a stint as an independent consultant, he joined Tiger Management LLC as a research analyst in 1996, focusing on European telecommunications stocks. In 1999, Laffont founded Coatue, becoming a member of the Tiger Cubs - former employees of Tiger management who founded their own hedge funds. Coatue launched its first hedge fund in 1999 with $45 million in capital. Today, Coatue manages this fund in addition to ...
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Miami
Miami is a East Coast of the United States, coastal city in the U.S. state of Florida and the county seat of Miami-Dade County, Florida, Miami-Dade County in South Florida. It is the core of the Miami metropolitan area, which, with a population of 6.14 million, is the second-largest metropolitan area in the Southeastern United States, Southeast after Atlanta metropolitan area, Atlanta, and the Metropolitan statistical area#United States, ninth-largest in the United States. With a population of 442,241 as of the 2020 United States census, 2020 census, Miami is the List of municipalities in Florida, second-most populous city in Florida, after Jacksonville, Florida, Jacksonville. Miami has the List of tallest buildings in the United States#Cities with the most skyscrapers, third-largest skyline in the U.S. with over List of tallest buildings in Miami, 300 high-rises, 70 of which exceed . Miami is a major center and leader in finance, commerce, culture, arts, and internation ...
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Fortune (magazine)
''Fortune'' (stylized in all caps) is an American global business magazine headquartered in New York City. It is published by Fortune Media Group Holdings, a global business media company. The publication was founded by Henry Luce in 1929. The magazine competes with ''Forbes'' and '' Bloomberg Businessweek'' in the national business magazine category and distinguishes itself with long, in-depth feature articles. The magazine regularly publishes ranked lists including ranking companies by revenue such as in the ''Fortune'' 500 that it has published annually since 1955, and in the ''Fortune'' Global 500. The magazine is also known for its annual ''Fortune Investor's Guide''. History ''Fortune'' was founded by ''Time'' magazine co-founder Henry Luce in 1929, who declared it as "the Ideal Super-Class Magazine", a "distinguished and de luxe" publication "vividly portraying, interpreting and recording the Industrial Civilization". Briton Hadden, Luce's business partner, was no ...
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Online Retailers
Online shopping is a form of electronic commerce which allows Consumer, consumers to directly buy good (economics), goods or Service (economics), services from a seller over the Internet using a web browser or a mobile app. Consumers find a product of interest by visiting the website of the retailer directly or by searching among alternative vendors using a shopping search engine, which displays the same product's availability and pricing at different e-retailers. customers can shop online using a range of different computers and devices, including desktop computers, laptops, tablet computers and smartphones. Online stores that evoke the physical analogy of buying product (business), products or services at a regular Brick and mortar business, "brick-and-mortar" Retailing, retailer or shopping center follow a process called business-to-consumer (B2C) online shopping. When an online store is set up to enable businesses to buy from another business, the process is instead called ...
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Non-fungible Tokens
In economics and law, fungibility is the property of something whose individual units are considered fundamentally interchangeable with each other. For example, the fungibility of money means that a $100 bill (note) is considered entirely equivalent to another $100 bill, or to twenty $5 bills and so on, and therefore a person who borrows $100 in the form of a $100 bill can repay the money with another $100 bill, with twenty $5 bills and so on. Non-fungible items are not considered substitutable in the same manner, even if essentially identical. Fungibility is an important concept in finance and commerce, where financial securities, currencies and physical commodities such as gold and oil are normally considered fungible. Fungibility affects how legal rights, such as the ownership of assets in custody and the right to receive goods under a contract, apply in certain circumstances, and it thereby simplifies trading and custody. Fungibility refers only to the equivalence and in ...
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Data Breach
A data breach, also known as data leakage, is "the unauthorized exposure, disclosure, or loss of personal information". Attackers have a variety of motives, from financial gain to political activism, political repression, and espionage. There are several technical root causes of data breaches, including accidental or intentional disclosure of information by insiders, loss or theft of unencrypted devices, hacking into a system by exploiting software vulnerabilities, and social engineering attacks such as phishing where insiders are tricked into disclosing information. Although prevention efforts by the company holding the data can reduce the risk of data breach, it cannot bring it to zero. The first reported breach was in 2002 and the number occurring each year has grown since then. A large number of data breaches are never detected. If a breach is made known to the company holding the data, post-breach efforts commonly include containing the breach, investigating its scope ...
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