OpenSea

New York
Software and Services

Corprate Bias Ratings

Risk Level:

Rating - Danger
High Risk

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 provides a benefits package for employees which covers travel/lodging costs for an abortion. 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 NFT’s by conservative-leaning webcomic creator StoneToss from the website, likely due to a mass of reports from users who did not align with his views (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 publish charitable giving guidelines (1). 

Criteria

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

Risk Level
Rationale

OpenSea does not publish a nondiscrimination 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 who align more closely with conservative politics, 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

OpenSea provides a benefits package for employees which covers travel/lodging costs for an abortion (1)(2). The company stated, “We believe that access to safe and legal abortion is absolutely critical to keeping women and those with female assigned reproductive systems healthy and empowered to make their own choices about their future, and to pursue their missions and ambitions.” (3).

Criteria

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

Risk Level
N/A
Rationale

OpenSea does not operate a PAC at this time (1)(2)(3).

All links were last accessed and all information was updated on:
March 21, 2024

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