OpenSea sales volumes skyrocketed to its highest ever in the month of July 2021 to hit $174.6 million show the huge demand for NFTs.
Announcing the funding round, OpenSea put out a comment saying:
“At Opensea, we believe NFTs are emerging as one of the first consumer-oriented killer applications for blockchains.
NFTs are a simple primitive for digital goods (think digital art, game items, domain names, and more) with brand new properties: they’re unique, provably scarce, liquid, user-owned, and usable across multiple applications.
NFTs represent the building blocks for brand new peer-to-peer economies, where users have greater freedom and ownership over their data, and developers can build powerful, interoperable applications to provide real economic value to users.”
– OpenSea NFT Marketplace
The non-fungible tokens (NFTs) craze continues to rise with transaction volumes in the first half of 2021 up by more than 25 times since December 2020.
In total, over $2.5 billion in NFT sales have been reported in H1, 2021. This is a massive increase of over $13.7 million in sales compared to 2020 for the same period, despite the May 2021 market drawdown.