OpenSea is one of the first companies people get accustomed to when entering the NFT world. With their huge marketplace, they have dominated the NFT marketplace since their first day. One may expect on new years day the public are nursing their hangovers with a variety of cures, not the NFT crew.
A warm beginning to the new year has been inflicted on the team behind OpenSea. They began with an interest in how the movement was forming, joining in early with communities in Discord. OpenSea beta launched in December 2017, the first open marketplace for any non-fungible token, they created their own piece of history.
Users of OpenSea can create their marketplace with the software and set the fees based on what they want to earn. Once the work is uploaded the work can be auctioned for any chosen cryptocurrency. They have a huge amount of digital assets, over three million.
The all-time highest collection is unsurprisingly CryptoPunks with over 770.000,00ETH. Bored Ape Yacht Club come comfortably second, they have sold at over 160% over the last 7 days. Maybe there will be a day that they overtake. Decentraland is a solid third, not lagging too far behind Bored Ape Yacht Club.
New years day is known to be slow and steady for the most part. This year people were filling up their wallets with non-fungible tokens. OpenSea sales reached a 3-month peak. Their sales reached a whopping $161 million. A very successful day to say the least.
If the start of the year is anything to base the next 12 months on, then it looks like it is looking up for OpenSea.
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This article is educational material.
As always, make your own research prior to making any kind of investment.
