OpenSea

Software and Services

Risk Level:

Rating - Danger
High Risk

Summary:

OpenSea is an online marketplace for non-fungible tokens (NFTs) and other crypto-related collectibles. OpenSea banned a popular webcomic creator with conservative leanings from its platform while enabling services that support Black Lives Matter (BLM) and the American Civil Liberties Union (ACLU). OpenSea covers travel for abortion in its HR policies. For these reasons, OpenSea receives a "High Risk" rating,

Criteria
Risk Level
Rationale
Corporate Weaponization
Criteria

Has denied service to customers, suppliers, or vendors due to their political views or religious beliefs OR corporately boycotts, divests, or sanctions regions, people groups, or industries.

Risk Level
Rationale

In late 2021, OpenSea banned NFTs by conservative-leaning webcomic creator StoneToss from the website, likely due to a mass of reports from left-leaning users (1).

Criteria

Charitable giving (including employee matching programs) policies or practices discriminate against charitable organizations based on views or religious beliefs.

Risk Level
N/A
Rationale

OpenSea allows users to engage in charitable giving using the platform, although the company itself does not engage in charitable giving (1). 

Criteria

Employment policies fail to protect against discrimination based on political affiliation/views and/or religion.

Risk Level
Rationale

OpenSea does not publish an antidiscrimination policy aside from its Privacy Policy (1).

Corporate Governance and Public Policy
Criteria

Uses corporate reputation to support ideological causes and/or organizations hostile to freedom of expression.

Risk Level
Rationale

Although OpenSea has been willing to ban creators critical of the progressive movement, the company allows for the proliferation of creators and NFTs that engage in large-scale endorsement of organizations such as BLM and the ACLU (1)(2).

Criteria

Uses corporate funds to advance ideological causes, organizations, or policies hostile to freedom of expression.

Risk Level
Rationale

After the Supreme Court decided to overturn Roe v. Wade, OpenSea announced that it would provide travel benefits for employees seeking abortions in states with less restrictive laws (1).

Criteria

Uses corporate political contributions for ideological, non-business purposes.

Risk Level
N/A
Rationale

OpenSea does not operate a PAC.

All links were last accessed and all information was updated on:
December 31, 2022

Company reports are intended for educational use only. Full Disclaimer

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