Cointelegraph Consulting: Is OpenSea an undervalued NFT marketplace?
OpenSea’s transaction volume, which recently surpassed $10 billion, makes it the clear leader in the NFT boom of 2021. Without a doubt, 2021 has been a momentous year for nonfungible tokens (NFT). The nascent market has seen unprecedented growth as sales volume from January to date nears $10 billion — a 14,500% surge from 2020. The NFT marketplace OpenSea is responsible for processing a great chunk of that. OpenSea controls a majority of NFT sales and has processed more than $10 billion worth of transactions since launching in December 2017. Its 2021 volume alone even topped the revenue....
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On September 15, the top non-fungible token (NFT) marketplace, Opensea, revealed that an Opensea executive profited from insider trading. “Yesterday we learned that one of our employees purchased items that they knew were set to display on our front page before they appeared there publicly,” Opensea informed the public on Wednesday. Opensea did not name the employee, but social media posts accused an Opensea executive of using “secret wallets” on Tuesday. Opensea Team Says NFT Market Operators Are ‘Incredibly Disappointed’ Opensea is the leading....
On Tuesday, the leading non-fungible token (NFT) marketplace in terms of all-time sales, Opensea, announced it is migrating to Seaport, an open source Web3 marketplace protocol. Opensea says the Seaport protocol migration from the Wyvern protocol will cut network fees by 35%, and users will no longer have to pay an account initialization fee. Opensea Migrates From Wyvern to Seaport: ‘A Foundation to Empower the Developer Community’ Opensea is moving to the Seaport protocol in order to enhance the NFT marketplace experience for users. The Opensea development team details that....
Opensea has become the latest non-fungible token (NFT)-focused firm to raise funds this year as the company announced raising $100 million in a Series B this week. The venture capital firm Andreessen Horowitz led the Opensea financing round alongside investors like Kevin Durant, Ashton Kutcher, and Tobi Lutke. NFT Marketplace Opensea Joins the Blockchain Unicorns, Project Now Supports Polygon One of the largest non-fungible token (NFT) marketplaces today, Opensea, has announced the company has raised $100 million in a Series B funding round. Additionally, the project also announced it was....
Popular NFT marketplace OpenSea has announced that the platform has raised $100 millon in a Series B funding round. OpenSea Raises $100 Million, Now Supports Polygon Blockchain OpenSea is one of the biggest and most popular platforms for selling, buying, and trading NFTs. The marketplace has raised $100 million in a Series B funding round […]
The top two NFT marketplaces, OpenSea and Rarible, differ considerably in daily transaction volume. Covalent’s latest findings in Cointelegraph Consulting’s biweekly newsletter indicate that the nonfungible token, or NFT, market has whales of its own.The largest user on OpenSea makes up $192 million in reserve capital, while the other users in the top 20% by value transacted only account for $8 million. Similarly, Rarible has a whale with $311 million in their wallet, and the other top 20% of active users collectively have $9.2 million. OpenSea describes itself as the largest NFT....