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OpenSea is an American non-fungible token (NFT) marketplace headquartered in Miami. The company was founded by Devin Finzer and Alex Atallah in 2017. [1] [2] OpenSea offers a marketplace online allowing for non-fungible tokens to be sold directly at a fixed price, or through an auction.
Coinbase moved into the NFT space in competition with OpenSea, which emerged in 2021 as the biggest NFT marketplace. In September, 2021, OpenSea racked up $2.8 billion in NFT trades .
There were some NFT-like projects or "proto NFTs" that pre-date CryptoPunks; Rare Pepes, for example, was released on Counterparty in 2014. [citation needed] The economic insecurity created by the Covid-19 pandemic sharply increased trade in risky investments like NFTs. The highest NFT trading volumes were achieved between August 2021 and May ...
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. [47] 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. [48]
One NFT artwork fetched a record $69.3 million at a Christie's sale in March. ... October and November before picking up again in December, data from the biggest NFT marketplace, OpenSea, showed.
The Coinbase digital currency exchange has moved into a new online marketplace that allows users to mint, buy, sell, and promote non-fungible tokens. Also known as NFTs, these assets represent...
Polygon is the blockchain platform which runs Polymarket, [26] the world's largest prediction market. [27] [28] Polymarket is the first crypto dApp to reach mainstream. [29] [30] In July 2022, Polygon participated in Disney's 2022 acceleration program to expand into augmented reality, NFTs, and AI. [31] [32]
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...
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