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During the height of the breakout success of CryptoKitties and the emergence of ERC-721 tokens in 2017, an NFT marketplace called OpenSea emerged to capitalize off of the new non-fungible token standard. [46] It positioned itself early in the NFT market landscape and grew to a $1.4 billion market cap in 2021 during the then-ongoing NFT boom. [47]
For instance, auction house Christie’s sold digital artist Beeple’s collage NFT for $69.34 million in March 2021. Other top NFT sales in 2021 included a two-lot Bored Ape Yacht Club (BAYC ...
By July 2021, users were completing $350 million in transactions a month, [6] and the company was valued at $1.5 billion—meaning unicorn status—after a $100 million Series B venture round led by Andreessen Horowitz. [7] In August 2021, the value of monthly transactions spiked to $3.4 billion, and in November OpenSea had 1.8 million active ...
The NFT ecosystem has exploded in 2021 and 2022 is off to a great start. A huge winner of this phenomenon is marketplace OpenSea, which has seen its trading volumes reach $3.25 billion in December...
2021 April 16, 2021: Edward Snowden "PleasrDAO" Ethereum First NFT by Snowden on behalf of the Freedom of Press Foundation. [17] $6.2 M $5.23 M Save Thousands of Lives: 2021 May 8, 2021: Noora Health Paul Graham: Ethereum Sold for 1,337 ETH in charity auction. [18] $5.2 M $4.40 M Doge (meme) 2021 June 12, 2021: Atsuko Sato "PleasrDAO" Ethereum
NFT sales volume totalled $24.9 billion in 2021, compared to just $94.9 million the year before, DappRadar, said on Monday. DappRadar collects data across ten different blockchains, which are used ...
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In late 2021, the popularity of Bored Apes spurred copycat NFT projects. PHAYC and Phunky Ape Yacht Club were two such projects centered around the same idea of selling NFTs of mirrored but otherwise identical images of Bored Ape NFTs. [40] The OpenSea NFT marketplace banned both projects in December 2021. [40]