What is OpenSea? [ OpenSea Explained Through History ]
Did you hear that several NFTs worth hundreds of thousands of dollars have been selling for a fraction of their price on OpenSea?
The error saw yet another wave of negative publicity crash down onto the world’s foremost NFT marketplace.
If you’ve followed OpenSea’s rise to dominance, you’ll know that this most recent wave was hardly the first to crash onto OpenSea’s hull and look like it might swallow the platform whole.
And yet, OpenSea hasn’t capsized, run aground, or been dragged underwater by the weight of all this damaging press.
In fact, having been recently valued at $13 billion and hosting more than 600,000 users, OpenSea appears on course to continue dominating the NFT space.
In January alone, OpenSea reached a record USD$4.9B in trading volume.
If you’re wondering “how did OpenSea chart a course to such extravagant success?” Or “will it be able to weather this latest storm of negative publicity?” Then keep watching!
Because today, we’re looking at the history of OpenSea and how a platform that nearly folded eventually found success in the NFT space.
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