By | January 12, 2022

OpenSea recorded greater than $2 billion in buying and selling quantity simply as 2022 began and it’s on monitor to set a brand new ATH by way of month-to-month buying and selling quantity as we are able to see extra at present in our newest cryptocurrency information.

The NFT market big OpenSea is recording some sturdy numbers after a couple of days into 2022 with the buying and selling quantity reaching a surprising $2 billion. The info from Dune Analytics confirmed that the main market’s common each day buying and selling quantity in 2022 is over $260 million whereas the month-to-month quantity recorded already surpassed $2 billion however this determine is but to cross the all-time excessive of over $3.5 billion reached again in 2021.

OpenSea recorded greater than $2 billion in buying and selling quantity firstly of 2022 however there’s additionally a risk that January’s month-to-month quantity may set a brand new excessive as nicely. The newest growth got here in shortly after OpenSea raised $300 million in Collection C funding led by Coatue and Paradigm. The injection of capital introduced OpenSea’s valuation to greater than $13 billion which is an astronomical rise from the $1.5 billion that was recorded in 2021. As per the platform, the $300 million can be used to realize focused goals like NFT ecosystem funding and sturdy product growth.

There continues to be a rise in demand for varied NFT collections and one in all them is the Bored Ape Yacht CLub which crossed $1 billion in gross sales on OpenSea. The milestone was not solely stunning because it noticed the variety of celebrities shopping for varied Bored apes. The NBA star Stephen Curry additionally bought these NFTs with 55 ETH price about $180,000 on the time. American rapper Eminem additionally purchased one price greater than $460,000.

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Whereas OpenSea is recording some spectacular efficiency again to again as the corporate hasn’t been with out criticism. After the exit of the platform’s Head of Product, Nate Chastain, {the marketplace} appointed its chief monetary officer again in December. The brand new CFO Brian Roberts occupied the identical place on the US-riding firm Lyft. Proper after his appointment, Roberts stated that contemplating the success charges of the corporate, the following logical factor was to take the main market public. Most within the crypto group nevertheless didn’t like this assertion, stating that it was disappointing that the platform was not trying to do airdrops. OpenSea was not but trying to go public and can seek the advice of with the group if it runs an IPO.

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