Trading volume of NFT-marketplace OpenSea exceeded $1.3 billion since the beginning of August

This is an absolute record in the history of the trading platform. In August, the figure increased by more than 4 times compared to July

The trading volume of the marketplace of non-exchangeable tokens (NFT) OpenSea since the beginning of August exceeded $1.3 billion, according to The Block. According to the publication, this is an all-time record in the history of the marketplace. In August, the volume of trading on OpenSea increased by more than four times compared to July ($284 million).

In July, the trading platform raised $100 million in a Series B funding round led by venture capital fund Andreessen Horowitz (a16z). After that, OpenSea valuation was $1.5 billion.

In the first half of 2021, sales of non-interchangeable tokens reached a record $2.5 billion, In 2020, NFT sales were $95 million, 26 times less than in the first half of this year.

OpenSea is one of the largest NFT marketplaces that allows you to create your own non-interchangeable tokens and sell them. The marketplace was founded in 2017.

NFT tokens are unique and non-divisible. Such tokens are used to prove ownership of an object and cannot be replaced without the owner’s consent.

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The post was written by Crypto Expert John Belford

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