OpenSea [2021]

Home / Glossary / OpenSea [2021]

OpenSea [2021]

What is OpenSea [2021]?

OpenSea is a revolutionary decentralized marketplace for purchasing and trading NFTs. NFTs, or Non-Fungible Tokens, are distinctive, collectible digital objects like in-game items, avatars, trading cards, and artwork.

OpenSea reported an NFT trading volume of more than $3.5 billion in just August 2021. Given that its total volume for 2020 was only $21 million, it is safe to state that the increase in the trading activity of 12,000% clearly indicates success.


My Newsletter

Sign Up For Updates & Newsletters