NFT

How OpenSea Cornered The $17 Billion Market For NFTs




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NFTs have been taking over the art world. And at the center of the $17 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 $5 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.”

In an email to CNBC, an OpenSea spokesperson said: “We prioritize the trust and safety of all people on OpenSea, and are working hard to make sure that creators, buyers, and sellers alike feel supported by our policies, tools, and service.”

Competition in the NFT space has also been heating up as regulators pay more attention to the crypto industry. So what’s next for the world’s largest NFT marketplace? Watch the video above to learn more about the rise of OpenSea and what it could mean for the growing NFT industry.

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How OpenSea Cornered The $17 Billion Market For NFTs

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10001000101
10001000101
1 month ago

NFT = SCAM

gamingbtc
gamingbtc
1 month ago

Opensea is a scam. The nfts are not even on the blockchain. The nfts on chain only points to the website url, and if that url goes down, your nft is gone.

baggers kjeller
baggers kjeller
1 month ago

The fact is, NFTs, BTC is the future of crypto and the question most people ask themselves is – if this is right time to invest? I feel those who would allow the market dynamism to determine when to trade or not are either new in this space in general or probably just naive, the sphere have seen far worse times than this, enlightened traders continue to make good use of the dip and pump even acquiring more equities towards trading sessions, I’d say that more emphasis should be put into trading, since it is way profitable than holding. Trading went smooth for me as I was able to raise over 9 BTC when I started at 2.5 BTC in just 5 weeks of implementing trades with signals and insights from Paul Charlton, I would advise you all to trade your asset rather than hold for a future you aren’t sure about. You can reach Paul on ͲeIєɠɾαm👉PAULCHARLTON

Mile Kragulj
Mile Kragulj
1 month ago

Do you realize that is nothing.

yona yehezkel
yona yehezkel
1 month ago

World War III Has Begun; How It Unfolds Depends on Us

We think of the Russia-Ukraine war as a local conflict, but it is much more than that; it is a global war on multiple fronts. The war is not only a military conflict; it is also an economic war of attrition. With skyrocketing gas prices and shortage of staples, people all over the world are feeling the consequences of the war.

This war is transforming the entire modus operandi of humanity. Since the dawn of time, we have been accustomed to living by the motto, “survival of the fittest.” By and large, the rule was that the strong determined the rules, and the rules were often abusive toward the weak. Now, it seems like a new mindset has set in: Wanting something and being strong enough to take it does not mean that the world will accept it.

The war, therefore, is being fought on the inside no less, and perhaps more than on the outside. Our very makeup is changing from abusive to cooperative, from narcissistic to altruistic.

It hurts, and it will not happen without a struggle, but it is irreversible. This is the path of our evolution toward the purpose of our creation—to encompass within us all of creation. To do that, we must come to care for it, just as a mother encompasses her child through her maternal love.

The struggle to transition from our current uncaring and mean approach to all creations but ourselves, into wise and compassionate beings is called “the war of Gog and Magog” or Armageddon.

Since the war is about our inner makeup, we can fight it within us. If we object to struggling with ourselves over who will rule—the ego or love—the physical reality will force us to choose love nonetheless. However, it will do so by hurting us in a very physical way.

The war in Eastern Europe is nothing compared to what we might have to endure if we resist the process. The horrific descriptions of our sages and prophets hint at it, and we would not want to live through it.

Alternatively, we can fight this war within us without firing a single bullet. The choice is in our hands. All we need is to continue in the same direction that nature is already leading us: toward connection. If we make an effort to care for one another, even though initially we don’t, then we are moving in the right direction. If we try to resolve conflicts not with guns or even legal battles, but by strengthening the care and friendship between us, then we are saving lives and sparing torments from countless people.

In conclusion, let us try to rise above the hatred and see the human on the other side, who suffers too. Let us think that this war was given to us so we would think about each other more than we have so far. After all, were it not for this war, we would not notice one another. Now that it is here, we are no longer indifferent. Although our feelings our currently negative, now that we are aware of them, we can work on them together and turn them around. These are the wars of the Messiah who moshech [Hebrew: pulls] us out of the ego, and into mutual love.

Contact 👉 Maskoffweb,com 👈
Contact 👉 Maskoffweb,com 👈
1 month ago

☝🏿👆🏿👆🏾👆🏾 you are forever in my heart and I will continue to invest and tell your good work to people out there ,where I also gain btc to wallet by you ❣ such a great man is needed to change life for better!

Contact 👉 Maskoffweb,com 👈
Contact 👉 Maskoffweb,com 👈
1 month ago

☝🏿👆🏿👆🏾👆🏾 you are forever in my heart and I will continue to invest and tell your good work to people out there ,where I also gain btc to wallet by you ❣ such a great man is needed to change life for better!

crazybeartimba
crazybeartimba
1 month ago

The the narrator needs more personality.

stigma rest room
stigma rest room
1 month ago

NFT is the new Theranos

ㄒɇȼħ Sɇɍ۷ٱƈﻉ
ㄒɇȼħ Sɇɍ۷ٱƈﻉ
1 month ago

OMG WTF is an NFT BTW LMAO

付哲
付哲
1 month ago

Art and NFTs are just places where wealthy people park their money. To the cast majority of people they're meaningless. Honestly we should just confiscate their assets and redistribute to everyone else or offset tax burdens.

posthocprior
posthocprior
1 month ago

The robot-journalist in this video is so realistic! Wow!

Ryan Long
Ryan Long
1 month ago

""""""" 17 billion """""""

raciocinionerd
raciocinionerd
1 month ago

Hello ,I'm a newbie in crypto,, what's the best way to get started with trade cos I've been making my personal research for a while now

Rita Vincent
Rita Vincent
1 month ago

Just because a stock is going up doesn’t mean it’s a good investment. just because a stock is going down doesn’t mean it’s a bad investment. there's more to a stock

than just it's stock price. An entire company more. focus on the company, not just the stock price…….

Wallstreet Warrior
Wallstreet Warrior
1 month ago

NFT'S are like stuffed animals you win at the amusement park. Sure those who manufacture them probably make good money but they are worthless once they are sold. Buying an NFT thinking your doing yourself a favor is a fools errand.

Aravind
Aravind
1 month ago

Guys please. Lower the music, it is really not accessibility friendly and not at all required for the content.

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