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Saturday, September 7, 2024

OpenSea NFT Marketplace Trading Volume Exceeds $ 1.3 Billion Since Early August

This is an absolute record in the entire history of the existence of the trading platform. In August, the indicator increased more than 4 times compared to July.

OpenSea non-fungible token marketplace (NFT) trading volume has exceeded $ 1.3 billion since early August, according to The Block .

According to the publication, this is an absolute record in the entire history of the trading platform. In August, the trading volume on OpenSea increased more than 4 times compared to July ($ 284 million).

In July, the trading platform raised $ 100 million in a Series B funding round led by Andreessen Horowitz (a16z) venture capital fund. After that, the estimated value of OpenSea was $ 1.5 billion.

In the first half of 2021, sales of non-fungible tokens reached a record $ 2.5 billion. In 2020, NFT sales amounted to $ 95 million, which is 26 times less than in the first half of this year.

OpenSea is one of the largest NFT marketplaces that allows you to create your own non-fungible tokens and sell them. The trading platform was founded in 2017.

NFT tokens are unique and not divisible. Such tokens are used to confirm ownership of an object; they cannot be replaced without the consent of the owner.

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