Home News Largest NFT Market by Volume Opensea Launches Smartphone Application

Largest NFT Market by Volume Opensea Launches Smartphone Application

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Largest NFT Market by Volume Opensea Launches Smartphone Application. Opensea, the world’s largest NFT marketplace by volume, declared the debut of its mobile application on Sep. 17. Users of the Opensea marketplace may now browse a wide range of NFT collections on their smartphones by installing the app from Apple’s App Store or Google Play.

Opensea Launches Mobile App for iOS and Android Phones

In fact, Opensea is the largest NFT market in terms of global trade volume, according to dappradar.com marketplace statistics. Opensea has had 625,620 traders and $6.53 billion in volume over the years, according to historical data. Axie Infinity and the Cryptopunks NFT collection are both trailing Opensea in terms of volume, with Axie Infinity bringing in $2.11 billion and Cryptopunks $1.31 billion.

Towards the end of July, Opensea announced a $100 million capital raise after adding Polygon (MATIC) support. It has been another record year for Opensea, however, the company announced on September 15 that they caught an employee using inside information to make a profit.

During their promotion by Opensea, members of the team are forbidden from buying or selling from collections or creators. Opensea also instructs all members to refrain from using confidential information. Whether or not the NFTs are available on its platform, to purchase or sell NFTs.

Significant Demand for a Mobile App

The leading NFT marketplace is facing a lot of competition, Opensea says it saw significant demand for a mobile app.

Opensea announced two days later that the mobile application for the platform is now available for iOS and Android users.

“The demand for a mobile application has been increasing, and we’ve worked hard to make it happen,” Opensea said. OpenSea’s mission is to make NFTs more accessible for everyone. And we believe this is a big step in the right direction”.

The leading market, Opensea, is not the only player out there. NFT markets such as Rarible, Superrare, Makersplace, Foundation, Mintable, Atomicwallet, and more are selling NFTs regularly in addition to Opensea’s huge volume. Additionally, NFT markets on other blockchains such as Avalanche, Solana, and Tezos are also selling.

Some of these marketplaces have also raised capital in 2021. The company states, the mobile app will likely increase the platform’s reach, and it will be improved over time.

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