“NFTs are eating the internet,” says co-founder and CTO of Opensea, the largest NFT marketplace. It’s been wild since the beginning of 2021 for the NFT auction marketplace OpenSea.
According to atnft, OpenSea has hit an all-time high of $1.14 billion in weekly trading volume. As a result, OpenSea weekly NFT sales surpassed $1 billion for the first time. It means the NFT marketplace was up 170% from the previous week.
Moreover, OpenSea has facilitated $2.49 billion worth of trades in August so far. In short, it is already 667% more than the previous record of $326 million, set last month.
In addition, the startup was very well-positioned in a niche space when NFTs erupted out of nowhere earlier this year. From that moment, OpenSea gained its popularity, and nows it sees its users base expands. Also, the total volume of sales surged and more investors are jumping in.
Last month, OpenSea grew over 500% and Co-Founders Devin Fizner and Alex Atallah spoke on how they are scaling for success as NFTs have become a league of their own.
OpenSea has a various collection of digital arts starting from the famous CryptoPunks, Bored Ape Yacht Club, ON1 Force, My Curio Cards to Art Blocks curated, and many more. Moreover, there are also categories for Domain Names, Music, Trading Cards, Sports, and many others.