© Reuters. 5 NFT markets that could topple OpenSea in 2022
OpenSea has been the dominant decentralized platform for users looking to mint, buy, sell and trade non-fungible tokens (NFTs). By serving more as an NFT aggregator than a gallery, OpenSea secured a volume of USD 3.25 billion for December 2021 alone, according to data from Dune Analytics and from December 2020 to December 2021, the total volume increased by 90,968 %.
No stranger to contention and criticism, OpenSea has had its fair share of pitfalls and pitfalls. In particular, his former head of product, Nate Chastain, found that he uses inside information to get ahead of himself and profit from the NFT sale of the platform’s homepage.
Adding to the general sentiment of mistrust, the community felt devalued after newly appointed Chief Financial Officer (CFO) Brian Roberts hinted at going public. However, he quickly reaffirmed that OpenSea has no intention of going public anytime soon.
Read the full article on Cointelegraph
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