Why OpenSea outperform other NFT marketplace like Rarible, Axie Infinity
OpenSea has been able to dominate the NFT trading business thanks to a $100 million investment. Andreessen Horowitz, a well-known American venture capitalist, invested $100 million in OpenSea (VC). It intends to connect its operations with the Polygon platform for low-cost transaction processing. In addition, the OpenSea NFT marketplace will prioritize scalability in order to reduce its computing energy use. Furthermore, in the last 30 days, its trading volume has increased to $253.90 million. OpenSea has become a unicorn (a company worth more than $1 billion) thanks to the $100 million in investment.
OpenSea NFT Marketplace is based on the Ethereum blockchain network, which encourages developers to create their own P2P NFT Marketplace platform for exchanging, buying, selling, and auctioning unique digital assets and crypto goods.
Source: makeanapplike
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