OpenSea Surpasses One Million Energetic User Wallets

Non-fungible token (NFT) marketplace system OpenSea continues to impress throughout the new year, with re-homing and trading metrics increasing. The NFT giant provides reached a new milestone within the number of active users around the platform.
Data from Dune Analytics on Thursday, The month of january 13, 2022, indicated that will OpenSea has now crossed 1 million active user purses on the platform.

Source: Dune AnalyticsThe milestone is the most recent indication of OpenSea’s ongoing growth in the early days associated with 2022 after enjoying substantial expansion last year.
Thursday’s information comes shortly on the high heels of reports that the system has seen over $2 billion in trading quantity since the start of 2022 and could be in line for any new all-time high in conditions of monthly trading action.
Earlier in January 2022, the co-founder of the firm Devin Finzer announced that OpenSea raised $300 million inside a Series C funding circular.
This put OpenSea’s marketplace valuation at a staggering $13. 3 billion, a considerable step from its $1. 5 billion dollars valuation back in July 2021.
OpenSea’s barnstorming start to 2022 is also in keeping with the level of NFT-related activity that has characterized the first days of the year, with well-known collections like CryptoPunks plus Bored Ape Yacht Golf club continuing to elicit huge interest.
While the platform’s prominence remains unmatched, OpenSea can come in for some competition through upstarts like LooksRare. These recently launched its industry with an airdrop for customers.

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Tags: Non-Fungible Expression (NFT) OpenSea

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About The Writer

Anthonia Isichei
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Anthonia is a fintech writer who has been active in the crypto space since 2017 covering developments across rules, adoption, and several other facets of the Industry. When not neck-deep within the crypto news cycle, Anthonia spends her free time globetrotting and playing video games.