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There’s good news for OpenSea – the leading NFT marketplace built on Ethereum as it has benefited the most from the recent NFT mania. According to crypto analytics and aggregator Messari, OpenSea has facilitated more than $1.02 billion in trading volume in this year – a new all time high for the cumulative volume that OpenSea or any NFT marketplace has ever processed!
OpenSea Guide – How to Buy and Sell NFTs worth Millions of Dollars
Built on Ethereum, OpenSea is the primary decentralized NFT marketplace providing listing, trading and creating services. It features a powerful explorer and search engine for NFTs. The platform has a modest fee for transacting on the platform and has a robust classification method for all different kinds of NFTs.
OpenSea activity has been climbing at an astronomical level as seen in the tweet by @masonnystrom as the historical data showed that the platform did only $473,000 trading volume in 2018, a respectable $8 million in 2019, steady growth $24 million in 2020 and over $1 billion for the present year – a truly praiseworthy and excellent growth. The future appears bright for OpenSea as the activity around NFTs is just only starting to heat up.
OpenSea has officially surpassed $1 billion in gross market volume after a record few days.
— Mason Nystrom (@masonnystrom) August 2, 2021
More impressively @opensea facilitated $1 billion in volume in 2021 alone!
2018 – $473k
2019 – $8 million
2020 – $24 million
2021 (YTD) – $1.02 billion
Just absolutely insane growth. pic.twitter.com/loH0jw5cqr
What Are NFTs?
Non Fungible Tokens (NFTs) are unique tokenized digital assets, which aren’t exchangeable 1:1 with each other. NFTs can be art, collectible cards, a person’s time or services, game items, domains etc. In this article however, we will focus mostly on the art side of things. NFTs can be art, collectible cards, a person’s time or provided services, game items, domains etc and in short, all tokenizable real virtual “assets”.