According to up to date information, OpenSea’s NFT marketplace has officially surpassed $ one billion in month-to-month trading volume.
From July to August, OpenSea’s trading volume greater by 286% and accounted for the vast majority of NFT’s month-to-month trading volume considering the fact that May of this 12 months. The platform recorded a volume of $ one.27 billion this month.
OpenSea’s record volume of transactions also coincides with a spike in Google searches, in other phrases, the key phrase “OpenSea” has been the most searched considering the fact that its inception.
The New York-primarily based enterprise, founded in 2017, hit its $ one.five billion mark in July. OpenSea raised $ one hundred million in Series B funding and $ 23 million in Series A funding, each rounds led by venture capitalist Andreessen Horowitz.
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The transaction volume of the OpenSea NFT platform skyrocketed in August 2021
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The OpenSea submit was the initial NFT marketplace to cross the $ one billion mark in trading volume that initial appeared on Coinlive.