Opensea, a non-fungible token (NFT) marketplace, reached $10 billion in total sales this weekend. According to statistics, 629,867 traders contributed to the $10 billion in sales, with the average sale price since the NFT market's inception being $872 per NFT.
Opensea surpasses $10 billion in total sales.
NFTs have become highly popular in 2021, and the trend is expected to continue through the end of the year. Bitcoin.com News recently featured the NFT industry and market action statistics produced by nonfungible.com. According to the research, the third quarter of 2021 shattered records, exceeding the NFT metrics achieved in Q1 and Q2. Opensea, the world's top NFT marketplace, has already surpassed $10 billion in total NFT sales.
In terms of all-time settlement, Opensea is the largest NFT market, while Axie Infinity is the second-largest NFT project. Axie Infinity has a total sales volume of $2.99 billion and has recently opened an NFT marketplace. Axie Infinity revenues account for 29.90% of Opensea's total sales, and the Ethereum-based NFT game has seen 1,031,704 traders.
The company's $10 billion in revenue comes on the heels of a $100 million capital round at the end of July. The Series B investment was headed by venture capital company Andreessen Horowitz, with investors including Kevin Durant, Ashton Kutcher, and Tobi Lutke also participating. The financial raise catapulted Opensea into the unicorn business category.
However, following the fundraising, Opensea's management fired an employee when the cryptocurrency community accused the person of insider trading. Four days later, the Opensea marketplace debuted its smartphone application, allowing customers to access the NFT market via their smartphones.