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 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 Schnurr
Samantha Schnurr
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

InternationalReserve Unveils Strategic Insights for Navigating the Future of Finance

Toronto, ON, Feb 21, 2024, ZEX PR WIRE, As the global financial landscape continues to evolve at a rapid...

Public Meme Token ($PMT) Conquers Presale Expectations and Eyes Next Major Exchange

Prisdorf, Germany, 20th February 2024, ZEX PR WIRE, Public Meme Token is proud to announce that its private and...

Quark 2024: BITS Goa to Host Spectacular Tech Extravaganza

Vasco, India, 19th February 2024, ZEX PR WIRE, In a dazzling display of technological prowess and innovation, Birla Institute...

Discover the Charms of Turkey: Unveiling Top Destinations for Tourist e-Visa Holders

Ankara, Turkey, 19th February 2024, Turkey, renowned for its rich history, stunning landscapes, and vibrant culture, continues to beckon travelers...

Revolutionizing Travel: Vietnam E-Visa Streamlines Visa Process for Global Citizens

Hanoi, Vietnam, 19th February 2024, Navigating the intricacies of international travel just got simpler for citizens of Montenegro, the...

Revolutionizing Travel for Citizens of Norway, Panama, Papua New Guinea, Peru, and the Philippines: Vietnam E-Visa Offers Seamless Visa Solutions

Hanoi, Vietnam, 19th February 2024, In an era where convenience is paramount, Vietnam E-Visa emerges as the beacon of streamlined...

Must read

Hungama joins forces with BharatBox for an Unprecedented Digital Odyssey

BharatBox, in collaboration with The Sandbox announces the launch...

BharatBox & Mahabharata: A Metaverse Renaissance in Storytelling Brilliance

BharatBox, the India destination within The Sandbox, in collaboration...

Unlocking the Power of Belief: Ramsena Coin Introduces the First Hindu Cryptocurrency and Virtual Revolution.

Ramesena Coin, the world's biggest virtual connection of Hindutva,...

USD 19,500, the new key price of bitcoin to start an upward movement

Key facts: In the past, $19,500 has been a resistance...

Blockchain IDOs and Presales You Should Know About

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

You might also like
Recommended to you