Alex Atallah, a co-founder of OpenSea and the Chief Technical Officer of the company, is notable for developing a market for non-fungible tokens, often known as NFTs
Atallah was вorn to a Colombian-immigrant father and an American mother in Colorado. He graduated from Stanford University and worked as a programmer at Palantir and had two businesses before joining hands with Devin Finzer to develop OpenSea in 2017.
After securing a pre-seed round with Y Combinator in 2018, the company raised $2.1 million in venture capital, including funding from Animoca Brands, in November 2019. Following a spike of interest in NFTs, OpenSea's revenue increased, reaching $95 million in February 2021 and $2.75 billion in September of the same year.
NFTs are digital assets that represent real-world objects, such as works of art. Atallah and Finzer became the first NFT billionaires by the beginning of 2022 thanks to the company's valuation of $13.3 billion by that point. It is anticipated that Atallah would have a net worth of $2.2 billion by the year 2022.
The busnessman announced his resignation from the company on July 2, 2022, with the effective date set for July 30. However, he reaffirmed that he intends to continue serving as an advisor to the OpenSea team while also continuing his role as an advocate for the platform. Atallah's resignation came after a series of scandals, one of which involved data breaches in which a significant number of OpenSea customers were affected.