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.

Nifty News: PayPal removes NFT protections, Adidas NFT sneakers and more
The Runes protocol will ignite a new season for Bitcoin after the halving
Marvel Announces NFT Digital Collectibles Are Coming To VeVe

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.

Arts

https://news.bitcoin.com/leading-nft-marketplace-opensea-surpasses-10-billion-in-all-time-sales/

Interesting NFTs
#56587
By OthersideDeployer
/ TWO BLINDFOLDED EYES /
Trust your Intuition, two blindfolded eyes look much clearer than a blind mind.
#79013
By OthersideDeployer
Alex in Wonderland
A figure, Alex, stands mostly naked in the midst of a physical and psychological maelstrom. He is clad only in nostalgic 80’s era socks, on a tenuous island between active waters and a variety of shark denizens. Sharks on the right side of the image are all beached, including a shark with a quartz crystal snout, an orange shark wrapped in a life buoy, and a shark further in the distance wearing an 80’s style shirt with the number “88”. On the left side is the largest shark, wearing bright glossy red lipstick and brandishing prominent teeth with braces. She is cordoned off from the figure by a roped float divider, and within her thought bubble is a warning symbol. Behind the figure, hovering in the air, are Grey aliens emerging from the distance, out of a series of elliptical UFO shaped interdimensional membranes. The Greys take on the visual form of spermazoa ostensibly impregnating the interdimensional thresholds. As is typical, these Greys inhabit a zone just behind the unconscious topology of Alex’s dissociative mind. Though Alex’s bottom half is representative, his top half mutates into a psychological cornucopia. In a manner akin to “Auto-Erotic Sphinx”, a predecessor work, the figure has self suctioned—an act of sensual infatuation, enjoyment, and exploration. Upward exists the figure’s primary conscious eye, adorned with a revolutionary beret emblazoned with a Bitcoin badge. The figure’s summit features the nose of a fighter jet facing off against video game Bullet Bills, one of whom is marked by a communist North Korean star. A cropped section of a UFO observes the contest. Alex’s mind branches both left and right. To the left is more singular embodied consciousness, manifesting two eyes and a Ganesh trunk grasping crayons. The right branch dissociates upward diagonally, emerging into an array of eyes, faces, teeth, tail, a unicorn horn, and much more—all of which participate in expressing his unconscious being; a democracy of psychic factions representing thought impressions and associations. All illumination and darkness– fernal, infernal, high consciousness and corporeal underbelly–reside in this realm. In the distance are relatively languid, light clouds, and against the firmament hovers a colossal distant eye peering over the scene and far beyond. This painting possesses underlying genetic traits with previous works such as “Auto-Erotic Sphinx with Toys”, “Dionysus”, and “Fuku-Shiva”. The work serves also as a nod to an earlier period of art inspiration during late teens and early twenties— born out of the nakedness, vulnerability, curiosity, and wonder inherent to coming of age and all subsequent psychedelic revelation.
EYE-ROLLA #5/25
ROLLIN EYES