08/11/2021 Leading NFT Marketplace Opensea Surpasses $10 Billion in All-Time Sales

Leading NFT Marketplace Opensea Surpasses $10 Billion in All-Time Sales

This weekend, the non-fungible token (NFT) marketplace Opensea surpassed $10 billion in all-time sales. Statistics show that 629,867 traders contributed to the $10 billion in sales and the average sale price since the NFT market’s launch is $872 per NFT.

Opensea Cracks $10 Billion in All-Time Sales

NFTs have become very popular in 2021 and the trend continues toward the end of the year. Just recently, Bitcoin.com News covered the NFT industry and market action data compiled by nonfungible.com. Thereporthad shown 2021’s third quarter broke records surpassing the NFT metrics recorded in Q1 and Q2. Now the leading NFT marketplace Opensea has reached a record milestonesurpassing $10 billionin all-time NFT sales.

Opensea is the largest NFT market in terms of all-time settlement and the second largest NFT project is Axie Infinity. Axie Infinity has seen $2.99 billion in all-time sales and recently launched an NFT marketplace. Axie Infinity sales is 29.90% of Opensea’s all-time sales and the NFT game built on Ethereum has seen 1,031,704 traders.

Opensea’s $10 billion in sales follows the company’s$100 million capital raiseat the end of July. The venture capital firm Andreessen Horowitz led the Series B round and investors such as Kevin Durant, Ashton Kutcher, and Tobi Lutke participated as well. The capital raise also propelled Opensea into the unicorn company category as well.

Following the funding, however, Opensea’s managementdismissed an employeeafter the crypto community accused the employee of insider trading. Four days later, the Opensea marketplacelaunched its smartphone applicationso users can access the NFT market using their mobile phones.

Polygon-Based Opensea Action Increases — Top Traders Collect Art Blocks, BAYC

In addition to Opensea’s Ethereum network support, the NFT marketplace also leverages Polygon as well. The monthly Opensea volume on Ethereum has been decreasing month over month since August. While August was an all-time high for Polygon-based Opensea transactions, the last two months have remained steady. The highest number of monthly active traders using Polygon-based Opensea transactions is September, according to Dune Analytics stats.

While Opensea has seen $10.25 billion settled, the average price on Opensea throughout its lifetime operating is $872 per NFT, according todappradar.com metrics. At the time of writing, Opensea’s top 500 traders according to Dune Analytics, trade the Art Blocks collection the most, which is followed by the Bored Ape Yacht Club (BAYC). Art Blocks and BAYC is followed by Cool Cats, Bored Ape Kennel Club (BAKC), and Cryptotoadz.



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José Delbo sent me his striking pencil sketch and powerful inked work, which I then interpreted in oil on canvas. I wanted to create a very painterly piece with obvious brush marks etc, but I was also aiming for a nostalgic feel, a kind of 1980’s superhero comic book look, the kind I grew up with. My goal with this animation was to try to recreate, in part, the creative process that both artists went through with the visual information I had. I was able to showcase my painting process more accurately as I could take photographs of my progress throughout. Consecutive images could then be layered like brush strokes over José’s drawing to create the impression that this was one continuous artwork from pencil, to ink, to completed painting. The representation of the line sketch at the beginning, then pencil/ink and lastly the paint layers being applied demonstrate both artists’ struggle for the right lines, tone, form, and colour until the work is finally completed. As the oil was still wet with each photograph the glare of my studio lights can be seen in the brush strokes. Eventually, the figure emerges and as it does, our hero comes to life, looking directly at the viewer -- but is he grimacing in approval or disgust? We will never know for sure as just before he can say anything, white paint is brushed across the canvas entirely and the process begins again. Only the bat is quick enough to escape.
Heyo! Kitty #447095 here. I'm here to enjoy glaring at the neighbour's cat and fighting the patriarchy. In my free time, I can usually be found ridiculous or practicing witchcraft. I hope we can be voluptuous friends.
Facebook logo factory. 3D animation, 10-second loop, 30 fps. Created using Cinema4D, X-Particles, TurbulenceFD, Octane, and After Effects. Originally posted on TikTok (@jigpx) on 1/4/21. 38.7m+ views, 2.1m+ likes (as of 4/22/21).
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Bored Ape Yacht Club #2087
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