Trading volume on the OpenSea NFT marketplace exceeded $800m in August

August 20, 2021


Since the beginning of August trading volumes on NFT-marketplace OpenSea reached $828.6m, The Block reports.

According to the analysts of the publication, in June the figure was $125.2 mln, and in July it grew to $284.2 mln.

platform announced

Earlier, the platform announced support for Klaytn blockchain from South Korean internet giant Kakao. The integration will allow the platform to support non-exchangeable tokens based on Klaytn and sync accounts with the Kaikas cryptocurrency wallet.

In April, OpenSea announced that the marketplace would use the Immutable X protocol. This will allow to completely remove commissions during NFT trading.

Recall that in July, OpenSea raised $100m in a Series B funding round led by Andreessen Horowitz.

NFT platforms facilitate the creation, buying, and selling of non-fungible tokens (NFTs).

About the author

Hi there, my name is Zalman Weinberg. I'm enthusiast with over 7 years of experience in cryptocurrencies and blockchain. Professional Trader providing Blockchain solutions to Startups and Enterprises. Expert in all cryptocurrency exchange APIs (BitMEX, Bittrex, Binance, Bitfinex, Kraken, Poloniex, Gdax etc.). I have also worked with multiple Forex broker APIs.

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