• just made made $144 million in Q3

OpenSea, a non-fungible token (NFT) marketplace, reported fees totaling $144.5 million for the third quarter of this year despite the current market decline.

The company reported revenues of about $35 million between July and September 2022, according to statistics made available by the crypto asset analytics site Token Terminal.

The marketplace’s operator, OpenSea LLC, as well as the hordes of NFT developers who successfully sold their tokens through OpenSea throughout the three-month period, are pleased with the positive third-quarter results.

“Which place did the remaining funds go? 

Those who created it,” tweeted Token Terminal.

Nevertheless, it is important to keep in mind that the most recent figures provided by OpenSea, the world’s first NFT marketplace, are far lower than those they were prior to the current crisis. 

Data from the cryptocurrency analytics company Dune Analytics reveals that in January 2022, the platform registered a monthly sales volume of $4.86 billion worth of ethereum (ETH), which is its highest amount to yet.

According to the two partners, as part of this collaboration, WMG artists will receive early access to OpenSea’s new drops offering, improved discoverability, and customised narrative on unique landing pages.