Opensea has surpassed 17 billion USD in NFT Market

Posted by alicejenifferze on April 26th, 2022

NFTs have been taking over the art world. And at the center of the billion NFT market is a company called OpenSea.

 OpenSea is the Amazon of NFTs, or non-fungible tokens. It’s an online marketplace that allows people to easily create, sell and buy NFTs. It’s one of the largest NFT trading platforms with more than 1.5 million active users, according to Dune Analytics. 

This past January was OpenSea’s busiest month yet. It recorded a monthly trading volume of nearly billion, surpassing its previous high in August of 2021. 

Alongside that explosive growth, however, the platform also has faced scrutiny for user complaints on the platform related to scams and plagiarism. Crypto-related crime soared nearly 79 percent in 2021 year over year, according to data from Chainalysis. 

“We’ve been looking at market manipulation, wash trading and plagiarism and then your run-of-the-mill phishing scam, which is also something that has been coming into the NFT space,” Kim Grauer, director of research at Chainalysis, told CNBC. “So, we do see that kind of connection with scamming in the overall market activity.” 

Opensea is such a popular NFT Marketplace, By business person out there are willing to start their own NFT Marketplace like Opensea. With Opensea Clone Script, one can kick start their own platform instantly

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