Although the New Year is only a few days old, OpenSea has proven to be the open ocean of NFTs.
On the second day of 2022, the NFT Marketplace, which features some of the largest blockchain-based collections from Bored Apes to CryptoPunks, announced sales of $ 243 million. The numbers rose significantly on New Year’s Eve. The company earned $ 170 million on January 1st and $ 124 million on December 31st.
Open ocean sales increased 646 times in 2021 and cruised in 2022
OpenSea ended in 2021 with a total trading volume of approximately $ 14 billion. According to token terminal data, NFT’s top marketplace recorded a trading volume of $ 21.7 million in 2020. This means that last year’s transactions surged 646 times.
OpenSea daily cumulative transaction vol. Source: Token Terminal
OpenSea has left its competitors in the dust. According to DappRadar data, the next largest platform, Rarible, processed $ 260 million in transactions in 2021.
Very few niche collectors knew about the potential of this NFT last year. OpenSea is currently just one of several companies entering the rapidly expanding market. OpenSea accounted for more than $ 60 billion ($ 14 billion) of the $ 20 billion NFT revenue recorded in 2021.
According to statistics from Dune Analytics, a free blockchain data analytics platform, OpenSea’s daily trading volume exceeded $ 200 million in six of the previous 10 days in 2022. In 2022, OpenSea is on the verge of over $ 2 billion in traded NFTs. Since the beginning of 2022, they have generated over $ 1.9 billion in trading activity.
ETH/USD plunges further as BTC struggles to recover. Source: TradingView
The Bored Ape Yacht Club was OpenSea’s most money-making collection in 2021. Bored Apes, which debuted in April and is based on the success of its original generated avatar, CryptoPunks, has launched a new trend in the NFT Animal Avatar Project. Since its launch, BAYC has recorded a transaction volume of approximately 280,000 ETH, or approximately $ 1.06 billion, accounting for 6.3% of OpenSea’s total transaction volume.
While these collections boast record prices, the data show Prime Ape Planet PAP and Bowling Ape Kennel Club as potential emerging markets. Time tells us if they are maintaining their strength, but in the meantime they are contributing to a thriving market and some pretty incredible numbers.
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There are some other projects to consider at OpenSea
Metawatches is the first NFT watch company of this kind. The first product to combine cutting-edge technology with high-end art. A fully functional NFT with three separate modes (Metaverse, smartwatch, and clock) for displaying the owner’s current time. The synergies that exist between art and technology are the focus of these functional NFT artworks. It combines the functionality of a smartwatch with the luxury that smartwatches currently lack.
From January 8th to 10th, 2022, “The Analog Summer 2021” was published with a mint price of 0.8Eth. On January 10th, the NFT Watch Collection was announced, including a total of 1,234 NFTs. All 1,234 NFTs have a unique rarity. They are all traded on OpenSea.
The company has also worked with internationally renowned NFT artist Kenny Schatcher to create an exclusive collection of 10 watches, available only at the Nagel Draxler Gallery.
Moon Boys is a group of 11,111 different characters in the Ethereum blockchain. Each NFT is a unique 3D design that includes full membership in a growing community and great utilities.
MekaVerse is a collection of 8,888 generated mechas inspired by the Japanese mecha world.
Two colleagues working head-on with NFT spaces, 3D artists Mattty and MattB, have created the MekaVerse project.
The MekaVerse project roadmap includes bringing Mekas to life through high-quality 3D-printed toys. The MekaVerse project is still underway and the character’s founders and owners are driving the plan. Project goals include streetwear, partnerships with renowned artists, and the possibility of making short films based on characters.
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Featured Image from Shutterstock | Charts by Token Terminal, and TradingView