OpenSea, the largest NFT marketplace, has surpassed the one million mark in terms of active user wallets on the platform.
Non-fungible token marketplace platform OpenSea continues to impress during the new year, with adoption and trading metrics on the rise. The NFT giant has reached a new milestone in the number of active users on the platform.that OpenSea has now crossed one million active user wallets on the platform.The milestone is the latest indication of OpenSea’s continued growth in the early days of 2022 after enjoying massive expansion last year.
This put OpenSea’s market valuation at a staggering $13.3 billion, a considerable leap from its $1.5 billion valuation back in July 2021. OpenSea’s barnstorming start to 2022 is also in keeping with the level of NFT-related activity that has characterized the early days of the year, with popular collections like CryptoPunks and Bored Ape Yacht ClubWhile the platform’s dominance remains unmatched, OpenSea could come in for some competition from upstarts like LooksRare. The latter recently launched its marketplace with an airdrop for users.
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