OpenSea’s team of 37 staff are currently handling 98% of combined NFT volumes

Aug 30, 2021 | CoinTelegraph News | 0 comments


NFT marketplace OpenSea is desperate to expand its team following a surge in trading volume.

OpenSea’s Head of Product Nate Chastain posted a plea for help, revealing the popular marketplace currently comprises just 37 people despite currently processing 98% of all NFT volumes.

The world’s largest nonfungible token marketplace, OpenSea, is desperately in need of staff as NFT mania continues to ramp up.

Chastain added that referral bonuses are also available, stating: “Will pay 1 ETH to anyone who connects us to engineers or designers that we hire.”

The company’s careers page currently hosts a variety of open positions, ranging from business development directors to full-stack engineers to finance managers. Chastain confirmed on Twitter that OpenSea is desperate to expand its team:

“Trying to supplement our hiring process with some guerrilla recruiting due to the pressing need for manpower.”

He stated that for technical positions, the interview process involves some practical coding exercises related to hypothetical OpenSea functionality, adding: “We don’t want to over-index on interview skills/algorithm work. We evaluate candidates holistically.”

The popularity of OpenSea has surged over the past couple of months as NFT mania ramps up again, largely driven by CryptoPunks and Axie Infinity.

DappRadar reports that OpenSea has generated $2.84 billion in trading volume over the past 30 days. Its daily volume hit an all-time high on Aug. 28 of $224.6 million from 111,800 transactions over the 24 hour period.

Related: OpenSea trading volume explodes 76,240% YTD amid NFT boom

According to Etherscan’s Gas Tracker, OpenSea is the largest consumer of Ethereum network fees. Over the past 24 hours, it has generated 21.6% of the total transaction fees for Ethereum, resulting in a total of $5.8 million, more than Uniswap and Tether combined.

As reported by Cointelegraph on Aug. 27, almost $900 million had been spent on NFTs over the past 30 days resulting in a record month for August.

OpenSea became a crypto unicorn in late July after raising $100 million in a funding round led by venture capital giant Andreessen Horowitz.

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