upenseas.one Open in urlscan Pro
185.130.47.75  Public Scan

Form analysis
0 forms found in the DOM

Text Content

Skip to main content

Advertisement

 * Home
 * Latest News
 * Watchlist
 * Market Data Center
    * U.S.
    * Cryptocurrency
    * Europe
    * Rates
    * Asia
    * Futures
    * Currencies

 * Markets
    * U.S. Markets
    * Canada
    * Europe & Middle East
    * Asia
    * Emerging Markets
    * Latin America
    * Market Data

 * Investing
    * Barron's
    * Best New Ideas
    * Stocks
    * IPOs
    * Mutual Funds
    * ETFs
    * Options
    * Bonds
    * Commodities
    * Currencies
    * Cryptocurrencies
    * Futures
    * Financial Adviser Center
    * Cannabis
    * Newswires

 * Barron's
 * Economy & Politics
    * Washington Watch
    * Inflation
    * Coronavirus
    * The Federal Reserve
    * Economic Report
    * Rex Nutting
    * U.S. Economic Calendar
    * Coronavirus Recovery Tracker

 * Personal Finance
    * The Moneyist
    * Spending & Saving
    * Retirement
    * TaxWatch
    * Credit Cards
    * Careers
    * Travel
    * Real Estate
    * Real Estate Listings

 * Retirement
    * Best New Ideas in Retirement
    * Estate Planning
    * Help Me Retire
    * FIRE
    * Taxes
    * Social Security
    * Real Estate
    * Retirement Calculator
    * NewRetirement Planner
    * Where Should I Retire
    * Best Places

 * How to Invest
 * Virtual Stock Exchange
 * Video
    * SectorWatch
    * The Moneyist
    * Getting to Work With
    * Love & Money
    * Explainomics
    * Good Company

 * Podcasts
 * Live Events
 * Picks
    * Food & Wine
    * Home & Kitchen
    * Health & Fitness
    * Fashion & Beauty
    * Loans & Mortgages
    * Money
    * Travel
    * Gifts
    * Technology
    * Real Estate
    * Amazon Prime Day
    * Black Friday
    * Guides

 * Opinion
 * Investor's Business Daily
    * Leaderboard
    * SwingTrader
    * MarketSmith
    * IBDLive

 * Newsletter Center
 * Research & Tools
    * Watchlist
    * Mortgage Calculator
    * Multiple Quotes Tool
    * Stock Screener
    * Earnings Calendar
    * Market Screener
    * IPO Calendar
    * Short Interest
    * Premarket Screener
    * Options Calendar
    * After Hours Screener
    * Currency Tools
    * Mutual Fund Screener
    * Upgrades & Downgrades
    * Mutual Fund Comparison
    * Economic Calendar
    * Where Should I Retire?
    * Savings Accounts
    * Retirement Planner
    * CDs
    * Mortgage Rates

Sign Up Log In
 * Profile Settings
 * Watchlist
 * Email & Alerts
 * Games


MARKETWATCH SITE LOGO A LINK THAT BRINGS YOU BACK TO THE HOMEPAGE.

 * Latest
 * Coronavirus
 * Watchlist
 * Markets
 * Investing
 * Barron's
 * Personal Finance
 * Economy
 * Retirement
 * How to Invest
 * Video Center
 * Live Events
 * MarketWatch Picks
 * More
   Latest Coronavirus Watchlist Markets Investing Barron's Personal Finance
   Economy Retirement How to Invest Video Center Live Events MarketWatch Picks


 * Account Settings
 * Log In
 * Sign Up


Advertisement



Advertisement
 1. Home
 2. Markets
 3. The Tell


THE TELL


NFT MARKETPLACE OPENSEA RECORDS $3.4 BILLION TRANSACTION VOLUME IN AUGUST, 10
TIMES THE MONTH BEFORE

Published: Sept. 3, 2021 at 6:20 p.m. ET
By

FRANCES YUE

  comments


SOTHEBY’S AUCTION OF BORED APE YACHT CLUB NFTS, STARTING THURSDAY, COULD COLLECT
OVER $13.5 MILLION

A WOMAN LOOKS AT AN NFT BY LARVA LABS TITLED "CRYPTOPUNK 7523" DURING A MEDIA
PREVIEW ON JUNE 4 AT SOTHEBY'S IN NEW YORK. THE AUCTION HOUSE SOLD CRYPTOPUNK
FOR $11.7 MILLION, MAKING IT THE SECOND MOST EXPENSIVE NFT TO DATE.

Timothy A. Clary/Agence France-Presse/Getty Images
 * Email icon
 * Facebook icon
 * Twitter icon
 * Linkedin icon
 * Flipboard icon

 * Print icon
 * Resize icon


REFERENCED SYMBOLS


Advertisement
ETHUSD
+2.22%
V
+3.78%

Your browser does not support the audio tag.
Listen to article
Length 3 minutes
AD
Loading advertisement...
00:00 / 02:43
1x

This feature is powered by text-to-speech technology. Want to see it on more
articles?
Give your feedback below or email audiofeedback@marketwatch.com.
thumb-stroke-mediumthumb-stroke-medium

OpenSea, the largest marketplace for nonfungible tokens, or NFT, has recorded a
$3.4 billion transaction volume on Ethereum in August, more than 10 times the
number in July, according to Dune Analytics.  

The data shows unprecedented interests in nonfungible tokens, which refer to
digital assets that are stored on blockchains and not interchangeable. They
could be used to represent items that range from artworks to video files to
virtual real estate. 

As the increasing demand and media attention pushes up the prices of popular NFT
collections, buying frenzy of such digital assets also elevates prices of Ether
and Solana, as well as other smart contracts blockchains where NFT can be
created. 


Advertisement

Ether ETHUSD, +2.22% is trading above $4,000 on a path back to its all-time
high, while Solana on Friday hit its all-time high.

“With most NFTs being minted on the Ethereum blockchain, the demand for Ether is
higher,” Petr Kozyakov, co-founder and CEO of the global payment network
Mercuryo, wrote to MarketWatch via email. 

The most popular NFT collection on OpenSea is CryptoPunks, which consists of
10,000 different characters. Earlier this week, Visa Inc. said it bought a
cryptopunk NFT for roughly $150,000. “We want to have a seat at the table as the
crypto economy evolves,” Cuy Sheffield, Visa V, +3.78%’s head of crypto, told
MarketWatch via email. 



For the past 30 days, CryptoPunks on OpenSea recorded transaction volumes of
202,321 ETH, or roughly $800 million based on ether’s recent price. 

Sotheby’s started an auction on Thursday of more than 200 nonfungible tokens of
Bored Ape Yacht Club, a monkey-themed collection, which could fetch $13.5
million to $20 million in total. The auction will last till Sept. 9. 

The floor price of the series, which refers to the lowest price for an item in
the collection, is 40.89 ETH on OpenSea, or more than $160,000 based on ether’s
current price. 

PleasrDAO, the art collective that bought NFT of the popular “Doge” meme for $4
million in June, started selling fractional ownership of it on Wednesday. The
“Doge NFT” coin, or “DOG” coin, gained 118% over the past 24 hours, according to
data provider CoinGecko. 


READ NEXT


READ NEXT


‘IT’S A MELT-UP’: U.S. STOCKS ARE ON AN UNUSUALLY STRONG RUN HEADING INTO THE
HOLIDAYS

The U.S. stock market has been on a tear as it heads toward the holiday season.


MORE ON MARKETWATCH

 * Barron's: Tesla Stock Is Overvalued by $1 Trillion, Analyst Says. We Looked
   at the Math.
 * A major crypto exchange’s CEO is set on holding Shiba Inu crypto long term
   despite its recent tumble. Here’s why
 * What stocks and sectors will benefit from the infrastructure bill?
 * Barron's: Shiba Inu Is Plunging. A Prominent Crypto Whale Is Making Waves.


ABOUT THE AUTHOR

Frances Yue


Frances Yue covers the cryptocurrency market as a Reporter for MarketWatch.




Advertisement

Community Guidelines • FAQs

Advertisement

Advertisement

PARTNER CENTER


Advertisement

Advertisement

Advertisement

Advertisement

Advertisement

Advertisement

MOST POPULAR


Advertisement

TESLA SHARES SLUMP 7% ON MUSK PLAN TO SELL 10% STAKE

‘I USE CREDIT CARDS FOR EVERYTHING’: I’M 36, EARN $62K AND HAVE $290K IN
RETIREMENT SAVINGS. MY WIFE IS A STAY-AT-HOME MOM. ARE WE DOING OK?

LA CASINO FINED $500,000 FOR LOOKING THE OTHER WAY WHEN GAMBLER BROUGHT DUFFLE
BAGS STUFFED WITH $100 MILLION FOR MARATHON GAMBLING SESSIONS

WHY THE NEW TAX LAW CAUSED A 'PERFECT STORM' FOR ROTH IRA CONVERSIONS

ETHER CONTINUES ITS RECORD RUN, TOPS $4,700 FOR FIRST TIME


Advertisement




PARTNER CONTENT




PARTNER CONTENT



Back to Top
MarketWatch logoGo to the homepage
Copyright © 2021 MarketWatch, Inc. All rights reserved.
By using this site you agree to the Subscriber Agreement & Terms of Use, 
Privacy Notice, and Cookie Notice.
Do Not Sell My Personal Information.
 * Facebook
 * Twitter
 * Linkedin
 * 

 * MARKETWATCH

 * Customer Center
 * Contact Us
 * Newsroom Roster
 * Virtual Stock Exchange
 * BigCharts
 * Copyright Policy
 * Manage Notifications

 * COMPANY

 * Dow Jones
 * Code of Conduct
 * Corrections
 * Reprints & Licensing
 * Your Ad Choices
 * Corporate Subscriptions

 * DOW JONES NETWORK

 * The Wall Street Journal
 * Barron's
 * Financial News London
 * realtor.com
 * Mansion Global

Intraday Data provided by FACTSET and subject to terms of use. Historical and
current end-of-day data provided by FACTSET. All quotes are in local exchange
time. Real-time last sale data for U.S. stock quotes reflect trades reported
through Nasdaq only. Intraday data delayed at least 15 minutes or per exchange
requirements.



Advanced Search Submit entry for keyword results

Advertisement



LISTINGS




COLUMNS




AUTHORS




TOPICS





PRIVATE

No results found