The NFT hype makes Opensea rich

[Ryu_Ar1]

In the last few months NFT has become one of the hype that cannot be underestimated. Their hype is too big and not even a few people can become billionaires from this NFT and now perhaps the most popular example is NFT Magic Ghazali Everyday who does sell photos of himself and Benjamin Ahmed with his Weird Whales work.

Of course, with this NFT Hype, several NFT marketplaces have started to soar and one of them is Opensea.
Openseea became very busy with the NFT Hype even Opensea's All-Time NFT Sales Volume Passed $20 Billion since they were created in 2017.
Of course, this is an extraordinary record for them because they are now one of the leading markets now and outperform its current competitor, NFT Looksrare.

Apart from some scams and manipulations in it this is of course a sizeable amount for NFT Sales on the Marketplace.

Source : https://news.bitcoin.com/openseas-all-time-nft-sales-volume-crosses-20-billion/

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[Johnyz]

Opensea also makes a lot of people rich and this has been a great platform to sell your NFTs because there are many users who are willing to buy some NFTs. This is their Business, they did a great job and now they are enjoying the fruit of their work.

Scams, fake projects are already part of this market, if you are afraid to fall for that better to study first before investing or buying any NFTs, don’t just follow the hype lear from it.

[TimeTeller]

Opensea also makes a lot of people rich and this has been a great platform to sell your NFTs because there are many users who are willing to buy some NFTs. This is their Business, they did a great job and now they are enjoying the fruit of their work.

Scams, fake projects are already part of this market, if you are afraid to fall for that better to study first before investing or buying any NFTs, don’t just follow the hype lear from it.

I just wish they have the feature of blacklisting a user, if he is found to be scamming users on their platform.
Or they have this feedback feature for the creators. If the buyer is satisfied with that particular creator or not.
And share their experience with the creator. They can validate it if the user is indeed a buyer of that creator's item.
Because if you look at OpenSea, you will see a lot of substandard arts, which should never made it to their list.

[Yogee]

... and now perhaps the most popular example is NFT Magic Ghazali Everyday who does sell photos of himself and Benjamin Ahmed with his Weird Whales work.

I'm not sure if it was true but I've also seen a post saying someone sold his nipple.

...
you will see a lot of substandard arts, which should never made it to their list.

I agree that some of the "arts" shouldn't be there and I also find the prices of sold items too high but we do not share the same view as others.

I think one of the reason Opensea became a popular destination of NFTs is the freedom it gives to creators. They will most likely choose other platforms if it becomes too restricted.

[JeffBrad12]

In the last few months NFT has become one of the hype that cannot be underestimated. Their hype is too big and not even a few people can become billionaires from this NFT and now perhaps the most popular example is NFT Magic Ghazali Everyday who does sell photos of himself and Benjamin Ahmed with his Weird Whales work.

Yeah but that's only for the owner. The fact that after the hype already gone and the late buyers can't even sell their NFT. they are getting trapped by the hype. You must also need to know that since NFT was not liquid and people who bought will be so difficult to sell.

Of course, with this NFT Hype, several NFT marketplaces have started to soar and one of them is Opensea.
Openseea became very busy with the NFT Hype even Opensea's All-Time NFT Sales Volume Passed $20 Billion since they were created in 2017.
Of course, this is an extraordinary record for them because they are now one of the leading markets now and outperform its current competitor, NFT Looksrare.

Apart from some scams and manipulations in it this is of course a sizeable amount for NFT Sales on the Marketplace.

Source : https://news.bitcoin.com/openseas-all-time-nft-sales-volume-crosses-20-billion/

Opensea was the biggest one. I would not be surprised to see that opensea has the biggest volume since so many NFT with high value gets centralized on it. Just take a look at the daily volume trade for any NFT. it touches more than 10k ethereum which was a lot of money. Opensea is getting a lot from the fees

[senyorito123]

Opensea also makes a lot of people rich and this has been a great platform to sell your NFTs because there are many users who are willing to buy some NFTs. This is their Business, they did a great job and now they are enjoying the fruit of their work.

Scams, fake projects are already part of this market, if you are afraid to fall for that better to study first before investing or buying any NFTs, don’t just follow the hype lear from it.

It's to hard to determine which of those promising project approach will be the legit one, because as I've observed when it comes to NFT idea hype always comes as many of us thought it would become more in demand for future purpose. Meanwhile, I am thinking a new wave of strategy to study and learn how to make own NFT character in order to deal with much bigger profit. Learning process isn't easy, we need a lot of efforts to do.

[TelolettOm]

OpenSea and other NFT platforms are now being very popular. We can see many NFT projects are listed on that platform. Let's see how percentage of the income that such platform will earn from every listing and trade of NFT itself. Moreover, everyone can make and list NFT in the platform easily. the mechanism is also little bit easy.
Many popular projects are also coming from OpenSea platform, moreover the hype NFTs.

Opensea is now very popular so that it is normal that they are becoming rich and rich. On the other hands, many people also become rich very much because of listingtheir NFT on the OpenSea. It is good feedback, isn't it?

[takngantuk]

hype is a good thing, but be aware that many NFTs are subpar today. since NFT is popular people seem to forget the essence of art itself. even opensea itself admits that there is a lot of trash on their platform. people upload something worthless, because they think it will sell. if it continues to happen for a long period of time, it is not impossible that the NFT hype will fade.

[julerz12]

And it is only getting bigger. The Metaverse is hype is just around the corner and once those two merges (NFT+Metaverse), you will see numbers that are out of this world. But, Opensea isn't the only one getting billions of sales from NFT, their competitors like LooksRare are doing great as well to a point that some even speculate that it might take over Opensea's popularity soon. In terms of features, LooksRare does have more benefits for a user to use than Opensea, the only thing that makes Opensea superior to LooksRare is the overall volume.

[dansus021]

Hahaha that will happen if you made a platfrom and become first off its kind. now there's dozen nft marketplace even pancakeswap has one

nft become more hype since artist using it and become way way more explode when metaverse and play to earn come to play

[TravelMug]

Well they are the first and widely use platform for NFT's so they are the prime movers. So obviously being that, they will make a lot of money and also for the people who uses OpenSea as well.

And that is the market that we live in, if you are first in the line and there are no competitions yet, you will definitely get tons of money. Just like what the people in CMC did, sold it to CZ worth millions and they have milk that website for many years as well.

[eXtremal]

Well of course. Opensea benefited the most from the NFT trend. What I like is that usually transacting with Opensea gets an airdrop from Snapsot with a fairly large reward. The NFT trend is not over now, but Gozali's NFT is starting to lose the trend. What's next?

[jrrsparkles]

Its actually getting too bigger and hype of NFT is getting somewhere near to its end so the whales are trying to hype more by those kind of stats and weird recent sales like the first SMS sent was converted into NFT and sold for few millions. But as a user we have to be careful of such traps and better avoid it completely.

[glendall]

fraud does not only exist in opensea and its NFT but is everywhere,
you should mentally prepare first if you want to play crypto, I think because there will be many surprises from crypto, not just fraud, of course,
fraud can be minimized if we are careful in transactions I think

[Ararbermas]

It's like give and take mate, so don't be surprised why opensea is getting rich because at the same time they're spreading opportunity as well to some people who are willing to become part of NFTs investment. And of course when it comes scam projects we need to be aware always especially when it comes crypto because frauds is spreading all over the internet..just always remember to make research to obtain more specific information before buying any NFTs to prevent scam projects.

[Ryu_Ar1]

... and now perhaps the most popular example is NFT Magic Ghazali Everyday who does sell photos of himself and Benjamin Ahmed with his Weird Whales work.

I'm not sure if it was true but I've also seen a post saying someone sold his nipple.

you have to read the whole thing. I've already said regardless of manipulation or whatever it doesn't really matter to Opensea because they are now getting richer with such manipulation.
As for their current NFT, after the Hype from Ghozali, many people are obsessed with turning whatever they have into NFT, even things that are not worth seeing like that already exist.
They've been corrupted by the indeterminate Obsession

Yeah but that's only for the owner. The fact that after the hype already gone and the late buyers can't even sell their NFT. they are getting trapped by the hype. You must also need to know that since NFT was not liquid and people who bought will be so difficult to sell.

what I emphasize in this case is not the individuals who profit but indeed the total volume they sell.
Regardless of whether they are trapped in the hype or not, it is a risk that they feel because I am sure they already know that things like this hype that are happening are of course on average manipulation and indeed only for profit (just like the meme coin that applies Pump and Dump) and when they get stuck it's their risk of getting into the hype.

[indo1]

They are the first NFT exchange, I think it's natural that Opensea will benefit greatly from selling on the opensea platform. To make the Opensea platform as famous as it is today, of course it requires a big effort, and now Opensea has succeeded in becoming the #1 NFT market in the cryptocurrency world. We don't even have any other option to sell NFT apart from Opensea.

[letyouearn]

Recently I read and article where some guys have done an investigation that tells us a funny story of how this market works. They analysed famous NFT owners and their connection with Opensea and it appeared that all of them were beneficiaries of this platform.

[lvsca]

Opensea is the icon of the current NFT market, or they say Opensea is the largest NFT market in the world, yes I admit that selling our NFT on Opensea only made Opensea rich and famous, but, as long as it is profitable for us, it doesn't matter. because we are only a small part of the work that hitch a ride on their platform.

[DapanasFruit]

Talking on NFT, one would not fail to see the role of OpenSea in making this market really popular and i am sure that this platform has been doing good since the NFT train started to roll...and so far there is still no end in sight for NFT popularity. Just like Binance as a crypto exchange, we have OpenSea taking the big chunk of the available market and taking the leadership for NFT. I am not a user of OpenSea and maybe I don't have any plan to be in the next few months as I am not into NFT hype but I know success when I see one.