Tuesday, July 5, 2022
About us | Contact
Blockzeit
  • bitcoinBitcoin(BTC)$19,755.631.51%
  • ethereumEthereum(ETH)$1,127.665.20%
  • binancecoinBNB(BNB)$228.633.25%
  • SolanaSolana(SOL)$34.502.88%
  • dogecoinDogecoin(DOGE)$0.066806-0.38%
  • Home
    • Business
    • Politics
  • Markets
  • Investing
  • Technology
  • Trends
  • NFTs
    • Metaverse
  • Education
    • Glossary
    • Buy Crypto
      • Buy Cardano
  • Events
    • Metaverse Events
No Result
View All Result
  • EnglishEnglish
    • EnglishEnglish
    • DeutschDeutsch
    • PortuguêsPortuguês
  • Home
    • Business
    • Politics
  • Markets
  • Investing
  • Technology
  • Trends
  • NFTs
    • Metaverse
  • Education
    • Glossary
    • Buy Crypto
      • Buy Cardano
  • Events
    • Metaverse Events
No Result
View All Result
Blockzeit
No Result
View All Result
Home NFTs
9dad3f81edcc364ac20ca8f8846c36d54d061ddb

9dad3f81edcc364ac20ca8f8846c36d54d061ddb

OpenSea Sails Past $1B In Monthly NFT Volume

Jay Speakman by Jay Speakman
August 24, 2021
in NFTs
Reading Time: 3 mins read
0
Share on FacebookShare on TwitterShare on LinkedinShare via WhatsappShare via Email

OpenSea, a decentralized exchange for buying, selling, and trading non-fungible tokens (NFTs) recently posted record sales. 

OpenSea: The World’s NFT Marketplace

Building an NFT marketplace with OpenSea co-founder Alex Atallah

OpenSea bills itself as the world’s largest marketplace for digital goods, so now even casual observers of NFT and cryptocurrency news are taking notice. With the recent explosion in NFTs such as CryptoPunks, it’s worth taking a closer look at OpenSea and what it brings to trading NFTs. 

Data Point: Fungible tokens and NFTs differ in that they have distinct characteristics and identifiers and are not interchangeable. NFTs can also be thought of as representing things rather than currencies. And yes, CrypoKitties are a thing, with some of them selling for more than $300,000.

After seeing CryptoKitties in action, founders Alex Atallah and Devin Finzer decided the ecosystem was ready for an NFT marketplace, and so OpenSea was founded in January 2018.

Big name investors in NFTs

Since then, both OpenSea and NFTs in general have grown significantly. Some big-name investors, including Mark Cuban, Gary Vaynerchuk, and Conor McGregor, have recently expressed interest in the sector.

According to recent reports, the monthly trading volume of the non-fungible token (NFT) marketplace OpenSea has now surpassed $1 billion.

In the past two months, OpenSea’s trading volume increased 286 percent, and it has carried the majority of NFT monthly trading volume since May of this year. OpenSea has already sailed past $1.23 billion in volume this past month (July), while the overall market has seen $1.27 billion.

NFT interest and sales: a direct correlation

The exchange’s  all-time high trading volume also dovetails with all-time high search interest on Google, as previously reported. In other words, for the first time ever, search interest in “OpenSea” is at an all-time high. And this isn’t to be confused with yachting.

OpenSea, a New York-based firm founded in 2018, was valued at $1.5 billion at the end of July. They raised $100 million in their most recent Series B funding round and $23 million in its Series A, both of which were led by the venture firm Andreessen Horowitz.

If you enjoyed this article you might also like to read: 4 NFT collections that are trending on OpenSea.io

Jay Speakman
Jay Speakman

I write about blockchain, crypto, NFTs and other disruptive technologies and innovations.

Tags: NFTOpenSea
Previous Post

Poly Network Cyber-attack: Hacker Returns the Entire $610M in Crypto

Next Post

Axie Infinity Shoots Up 60% After Coinbase Listing

Related Posts

making money with nfts

3 Dead Simple Ways Make Money with NFTs

by Jay Speakman
July 5, 2022
0

Did you know the best way to invest in NFTs is to find products that you enjoy and know you'll...

Arbitrum Odyssey

Arbitrum Odyssey: How to Participate and Earn 17 Exclusive NFTs for Free

by Vincent Munene
June 24, 2022
0

Arbitrum is a layer-2 blockchain that Offchain Labs built. Following Optimism's footsteps, Arbitrum might be conducting their airdrop soon. The...

NFT

Top 5 Blockchains for NFT Development

by Jay Speakman
June 23, 2022
0

NFTs, like all blockchain technology, can be used for a variety of practical purposes, including, gaming, document authentication, ticket scalping...

Load More

Get updates to your inbox!

Subscribe to our mailing list to receive daily updates!

FOLLoW US:

Blockzeit Logo 10 1

Blockzeit was founded in 2021 in Switzerland with the mission of bridging the gap between the complex blockchain technology and the general public. Blockzeit is a news and education platform that aims to make blockchain more accessible and bring more transparency to the scene.

Popular Categories

Categories
  • Bitcoin News
  • Business
  • Buy Crypto
  • Education
  • Investing
  • Markets
  • Metaverse
  • NFTs
  • Politics
  • Press Release
  • Switzerland
  • Technology
  • Trends

Important Links

  • Privacy Policy
  • Disclaimer
  • About us
  • Contact us
  • Blockchain Jobs
  • Events

Contact & Social

For guest posts, contact us via info@blockzeit.com

 

Contact: info@blockzeit.com
Press: press@blockzeit.com

Facebook Twitter Linkedin Instagram
  • Home
  • Markets
  • Investing
  • Technology
  • Trends
  • NFTs
  • Education
  • Events
© Copyright by Blockzeit.com. All rights reserved.

Disclaimer

No Result
View All Result
  • Home
    • Business
    • Politics
  • Markets
  • Investing
  • Technology
  • Trends
  • NFTs
    • Metaverse
  • Education
    • Glossary
    • Buy Crypto
      • Buy Cardano
  • Events
    • Metaverse Events
  • DeutschDeutsch
  • PortuguêsPortuguês

© 2021 Blockzeit by Blockzeit.