12/12/2023 OpenSea on back-footing as OKX surpasses it in NFT trading volume

OpenSea on back-footing as OKX surpasses it in NFT trading volume

According to data from DappRadar, OKX NFT marketplace secured 32% dominance in the NFT sector, surpassing OpenSea in trading volume.

In ablog post on Dec. 7, 202, DappRadar gathered top marketplaces for trading digital collectibles, which allocated the most liquidity in November 2023. According to the data, the Blur marketplace was ranked the top platform, controlling a 35% share of the NFT trading volume and generating $345 million in trades in November 2023.

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OpenSea on back-footing as OKX surpasses it in NFT trading volume - 1Top NFT trading platforms by volume | Source: DappRadar

OKX NFT, a digital marketplace powered by the OKX crypto exchange, appeared to be the second-largest NFT platform over the past month, surpassing OpenSea in trading volume. As per DappRadar, OKX NFT secured a “substantial 32% dominance in the NFT sector,” overtaking OpenSea, which is currently holding a 10% market share in terms of trading volume.

Yet, DappRadar Blockchain Analyst Sara Gherghelas notes that OpenSea remains the top platform in terms of user base with over 190,000 registered accounts as of November 2023. She also suggested OKX succeeded in its efforts thanks to its bet on unique offerings of BitcoinOrdinals art pieces.

However, it is yet to be seen if OKX could retain its title given that Bitcoin Core developers are planning to get rid of Inscriptions, essentially putting an end to Bitcoin Ordinals and BRC-20 tokens.

As crypto.news reported, Bitcoin Core developer Luke Dashjr hopes to put an end to BRC-20 tokens and Bitcoin-based NFTs with a set of upgrades as these products appear to be spamming the network, leading to an excessive amount of data being stored on the blockchain.

Bitcoin Ordinalsare non-fungible tokens that enable the inscribing of data onto a satoshi, the smallest division of a Bitcoin. Since its launch in January 2023, the protocol has seen the inscription trend take off, leading to thousands being minted on the Bitcoin network. This has caused congestion and spikes in transaction fees, reaching a peak in April and May 2023.

Arts

https://crypto.news/opensea-on-back-footing-as-okx-surpasses-it-in-nft-trading-volume/

Interesting NFTs
Yoshida on the Tokaido Highway, from the series Thirty-six Views of Mt. Fuji
Katsushika Hokusai (1760-1849) Yoshida on the Tokaido Highway, from the series Thirty-six Views of Mt. Fuji 1831 - Japan
The Harvest
An anthropomorphic figure stands, wide eyed, staring at the viewer; its body masculine, muscular, and humanoid. Its “mind” dissociates into a conglomerate of structures resembling feathers, grain, teeth–as well as a radial flower “node”, casting linear rays throughout the composition. To his left, a vat of bodies gesture and writhe in a kind of amniotic soup, attended by a video game robot. The bot's red display reads “uWu”. Behind the robot and filling the left side of the composition is an archaic figure composed of a variety of vintage objects and symbols. Among them are a hardbound book with ancient cuneiform scripts, indicating barley, beer, bread, ox, house, and sky, behind which is a grimacing, salivating jagged toothed maw; and an old Commodore floppy drive. The figure’s head tilts toward an illuminated crescent moon, suggesting the Egyptian Sacred Bull. The archaic figure is composed of a variety of mutating cells, which shift in color, and pattern; eventually breaking free into an ephemeral broadcast of bubbles which move across the background. The work came into being against a psychological introspection, which included associations to pop culture such as alien abduction and pod people, as well as quite a bit of reflection on grains as a symbol of civilization, agriculture, sustenance, life, and imbibing (mainly whiskies).
CryptoPunk #5822
By C352B5
violet r2
What's up! violet r2 here. I'm here to enjoy riding unicorns and tripping my owner. My friends describe me as "stinky." It's... accurate. I think you'll love me beclaws I have cattitude.
Fuku-Shiva
The term “Fuku” refers to fortune or good luck. “Shiva” refers to the Hindu deity who represents strongly polar qualities, both severe and delicate. On a beach inspired by adventures on Phi Phi island in Thailand, three youths cavort. Two are representational figures and the third is psychologically rendered. A dynamic relationship ensues between the triad; a reciprocity of active and passive states. The boy on the right engages in maneuvers of evasion, defense, and is dressed in a speedo which reiterates the colors and symbolism of the caution tape on the left and upper right frame of the composition. In concurrent reaction the psychedelic figure shoots out a rocket powered paper airplane. The nude boy seated in the froth and sand approaches in passive repose, and is met with active attention but equal physical reserve by the psychedelic being. Perhaps the most naked figure is also the least representational. Looming large, dynamic, and active, it engages its companions playfully. Various symbols interject into the otherwise naturalistic scene, most notably a beach ball and two contaminated barrels nested in the sand. The upright barrel reads “FukuShima” in Kanji. The barrel laying down reads “Dharma”. To the left the scene is bounded by caution tape, reiterating the danger of the nuclear waste while also hosting alien archetypes, whose presence, as is the nature of these entities, runs up and just behind the consciousness of the psychedelic figure’s eggshell-like skull.