Forbes estimated in January 2022 that the OpenSea stakes held by Devin Finzer and co-founder Alex Atallah were each worth $2.2 billion, making them the first two NFT billionaires. OpenSea is unlisted, so the figure rests on private funding rounds.
That estimate followed a $300 million Series C in January 2022 at a $13.3 billion valuation, up from $1.5 billion in July 2021. Finzer and Atallah founded OpenSea in December 2017 after an earlier wi-fi token idea, WifiCoin.
The NFT market then collapsed. OpenSea laid off about 20 percent of staff on 14 July 2022, and in April 2023 both founders' net worths were estimated to have fallen below $600 million each.
In August 2024 OpenSea received an SEC Wells notice, which Finzer disclosed on X, and the SEC dropped the case in February 2025. No newer priced round than the January 2022 one has been reported.