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Author Topic: The NFT hype makes Opensea rich  (Read 574 times)
Cling18
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February 22, 2023, 03:02:54 PM
 #61

I guess that's the lesson here in crypto market, hype the buzzword, it will just make more money to every entity behind, like in this case, the Opensea market who suddenly become a billion dollar company because of NFT.
The hype of NFT at that time was really very high and even more people and companies were interested in creating and developing NFTs. We can see how more and more people are getting rich because of NFTs. And they usually use the OpenSea platform as one of them. However, due to the large number of users, OpenSea gains a lot. However, this is not an easy thing because OpenSea has also gone through various processes up to that stage

We can't deny the fact that the hype of NFTs could be beneficial to us, users, investors, platform owners, and more. We could notice that as Opensea is gaining a lot, more NFT supporters are also gaining good profit. As per my realization, it will still be a wise move to take advantage of the hype and make money from it because we all know that NFT hype wouldn't last a long time.
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August 23, 2023, 11:13:23 AM
 #62

https://twitter.com/opensea/status/1692598153244020776
"Last year we added several chains, including BNB Smart Chain (BSC), after seeing excitement from the wider NFT ecosystem.

But as our space evolves, we need to align resources with the most promising efforts. We’ve decided the cost to continue supporting BSC outweighs the impact."

____
What does it say? If one of the large NFT marketplaces refuses to support a very large ecosystem. ( a rhetorical question)

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avp2306
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August 23, 2023, 11:47:09 AM
 #63

Expect this since Opensea owner risk to join the hype, that's the reason why now they are harvesting the fruit of the efforts they insert on the platform they created. But they are not the only one benefiting the platform they created since there are a lot of people earned good cash by continuously trading on their platform so its still a win situation between user also to its creator.  I miss the NFT hype so let see what will be next on them and if NFT will still be famous this year.

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JunkieMiner
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August 23, 2023, 07:18:58 PM
 #64

Through opensea many people trade their NFT's and almost it is a very good website for the trading of NFT's and also its has some great features as well. Like we can see our all NFT's that is in different chains like eth, optimism, arbitrium's and many more chains are yet to come. So, NFT hype is almost on the top now.

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August 23, 2023, 07:59:23 PM
 #65

https://twitter.com/opensea/status/1692598153244020776
"Last year we added several chains, including BNB Smart Chain (BSC), after seeing excitement from the wider NFT ecosystem.

But as our space evolves, we need to align resources with the most promising efforts. We’ve decided the cost to continue supporting BSC outweighs the impact."

____
What does it say? If one of the large NFT marketplaces refuses to support a very large ecosystem. ( a rhetorical question)

That they don't like the ecosystem and they think that there are already enough of them, probably enough to saturate the market and confuse and divide invistors.
But that's a quite bold move. I wonder what's the backlash from CZ is going to be, as i think there most certainly will be something.

I don't think anyone want to cross that guy who brought huge exchange down by hinting something in a tweet. Although i am not sure what he could do.

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