NFT Marketplace OpenSea Hits $10B in Total Volume

Some experts predict NFT market will reach the trillions in the next years to come.

The crypto market’s largest NFT marketplace, OpenSea, has officially facilitated more than $10 billion in volume for the first time since opening its doors four years ago.

The first NFT marketplace to be established on the Ethereum blockchain, OpenSea’s trading volume has shot up in the past year alongside the boom in non-fungible tokens (NFTs). In August, for example, the platform’s total volume was just $1 billion.

OpenSea has officially surpassed $1 billion in gross market volume after a record few days.

More impressively @opensea facilitated $1 billion in volume in 2021 alone!

2018 — $473k
2019 — $8 million
2020 — $24 million
2021 (YTD) — $1.02 billion

NFTs are cryptographically unique tokens that can be linked to digital or physical assets such as artwork, music, or videos. Many of the most famous NFT series, such as Bored Ape Yacht Club, frequently trade hands on OpenSea, while the platform has also hosted multi-million-dollar sales.

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Source: Decrypt.co
Source: thecryptocoinreport.com

#crypto
#cryptonews
#cryptocurrency
#nft
#nftnews

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