BlockchainNFTNFT OpenSea platform crosses $ 10 billion

NFT OpenSea platform crosses $ 10 billion

Sales of the NFT marketplace recently reached $ 10 billion, while the growth of the non-fungible token sector does not seem set to slow down.

OpenSea sales: $ 10 billion for the unicorn

Sales on OpenSea since the launch of the platform crossed the $ 10 billion mark during the weekend of November 6, 2021 . The average selling price of NFTs has also reached $ 872 per token.

The success of OpenSea is based on the strong growth of the NFT sector in general, and more specifically the success of some major projects such as Axie Infinity , which is the second largest NFT project in the cryptosphere. Axie Infinity sales represent 29.90% of OpenSea’s turnover . According to CryptoSlam data, Axie Infinity’s total revenue since launch is over $ 2.9 billion .

Sales on OpenSea topped $ 10 billion just over 3 months after the platform raised $ 100 million , a funding round propelling it to the rank of unicorn with an estimated valuation at the time of 1.5. billion dollars.

Growth of NFTs: constantly increasing numbers

The growth of NFTs has not slowed down during the third quarter of 2021, as non-fungible tokens have recorded ever greater demand since the start of the year. The nonfungible.com report on the NFTs sector during the third quarter of 2021 reveals that the active portfolios that have interacted with an NFT smart contract, increased by 105.52% compared to the previous quarter .

The number of buyers for its part jumped 166.73%, from 97,658 in the second quarter to 260,489 in the third quarter . The number of sellers increased even more by 206.84% compared to the previous period.

The amount of NFT trades in US dollars increased from $ 782 million to $ 5.9 billion from the second to the third quarter.

What could influence the growth curve of OpenSea? Andre Cronje launched NFT Artion’s decentralized exchange dapp that runs on Fantom (FTM), with the ambition of making it a direct competitor of OpenSea. And Artion has a strong case for attracting NFTs projects, especially in terms of cost.

Samantha Schnurrhttps://www.newsalarms.com/
Samantha started her editorial career chasing celebrities as a magazine editor. Along the way, she also started chasing passport stamps, writing for Travel + Leisure, Condé Nast Traveler, Airbnb Magazine, Lonely Planet and Washington Post. She now covers travel and pop culture while wandering the world — often reluctantly running races.

Latest news

Blockchain IDOs and Presales You Should Know About

There’s never a lack of new projects opportunities when it comes to blockchain and decentralized finance (DeFi). But it...

The 10 rules to prepare for the crypto bear market by the savvy investor

While the Bitcoin and cryptocurrency market reached a record capitalization in November 2021 (nearly $ 3 trillion), the memories left by...

Latin America’s E-commerce Giant Opens Up To Buying Bitcoin

Bitcoin (BTC) and cryptocurrencies are increasingly accepted every day for payments for goods and services . This time, it's the South American...

Binance Welcomes Arbitrum – Ethereum’s Second Layer!

For many months, the Ethereum (ETH) network has faced massive congestion resulting in higher transaction fees . Fortunately, second-layer solutions continue to...

The Bitcoin forever changed by this evolution

As of June 12, 2021, the Bitcoin Network (BTC) has been patiently awaiting the entry into force of its Taproot...

Regulation and taxation on cryptocurrency mining in Russia

The Duma wants to regulate Bitcoin and cryptocurrency mining in the country. The laws would notably make it possible to...

Must read

Blockchain IDOs and Presales You Should Know About

There’s never a lack of new projects opportunities when...

The 10 rules to prepare for the crypto bear market by the savvy investor

While the Bitcoin and cryptocurrency market reached a record capitalization in...

Latin America’s E-commerce Giant Opens Up To Buying Bitcoin

Bitcoin (BTC) and cryptocurrencies are increasingly accepted every day for...

Binance Welcomes Arbitrum – Ethereum’s Second Layer!

For many months, the Ethereum (ETH) network has faced...

The Bitcoin forever changed by this evolution

As of June 12, 2021, the Bitcoin Network (BTC)...

You might also like
Recommended to you