OpenSea is first NFT marketplace to pass $1 billion in monthly trading volume 

Aug 22, 2021 | The Block News | 0 comments

opensea-is-first-nft-marketplace-to-pass-$1-billion-in-monthly-trading-volume 

The non-fungible token (NFT) marketplace OpenSea has surpassed $1 billion in monthly trading volume, according to data compiled by The Block. 

OpenSea’s trading volume increased 286% from July to August, and it has carried the majority of NFT monthly trading volume since May of this year. The firm has already seen $1.23 billion in volume this month, while the entire marketplace has seen $1.27 billion. 

The platform’s record trading volume also coincides with all-time high search interest on Google, The Block previously reported. In other words, search interest for “OpenSea” is the highest it can be for the first time ever. 

OpenSea, a New York-based firm founded in 2017, hit a $1.5 billion valuation at the end of July. It raised $100 million at its most recent Series B funding round and $23 million in Series A, with the venture firm Andreessen Horowitz led both of its prior funding rounds. 

© 2021 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

News Source from TheBlockCrypto.com

Related Articles

Institutional investors bought the dip as China FUD broke

Institutional investors bought the dip as China FUD broke

While institutional Bitcoin products have experienced outflows for 13 of the past 17 weeks, the sector has now seen three straight weeks of inflows. Institutional investors were buying the dip on the back of China’s latest FUD, with digital asset investment products...

SEC levies charges against alleged ‘meme stock’ wash traders

SEC levies charges against alleged ‘meme stock’ wash traders

The Securities and Exchange Commission (SEC) has charged two men with allegedly wash trading meme stocks to take advantage of rebate programs. At the start of 2021, certain unlikely stocks went gangbusters when online communities identified that Wall Street...

Snoop Dogg Buys XCOPY Ethereum NFT for $3.9 Million

Snoop Dogg Buys XCOPY Ethereum NFT for $3.9 Million

Since revealing himself as a notable pseudonymous NFT collector last week, rapper and entertainer Snoop Dogg hasn’t slowed down on high-value collecting. Just tonight, in fact, he spent nearly $4 million in ETH to acquire a single piece from the artist XCOPY. Using...

Pin It on Pinterest

Share This