OpenSea Surpasses One Million Active User Wallets (2024)

FAQs

How many wallets are there in OpenSea? ›

On the other side of the comparison, OpenSea has only 2.3 million active wallets.

OpenSea: Number of Users

As of December 2022, OpenSea has over 2.45 million registered users who have made at least one transaction on the platform. That is 61x the amount of registered users that they had in March 2020.

OpenSea NFT marketplace competes with other NFT Platforms, on the flip side it also has huge profits. As of December 2022, OpenSea had made nearly $571.1 million with various revenue streams.

OpenSea stands as the pioneer and largest web3 marketplace catering to NFTs and crypto collectibles.

It's one of the largest NFT trading platforms with more than 1.5 million active users, according to Dune Analytics. This past January was OpenSea's busiest month yet. It recorded a monthly trading volume of nearly $5 billion, surpassing its previous high in August of 2021.

If you have multiple wallets from the same provider, make sure you're logged in to the correct wallet. To switch between these wallets you'll need to use your wallet's browser extension.

Opensea. io's core audience is located in United States followed by Brazil, and India.

NFT Statistics on User Base

According to Statista, there were 10.30 million users in 2022. By the end of 2023, the number will most likely rise to 13.95 million. Starting from 0.12 million users in 2017, there has been a consistent and significant increase in the user number.

The response gives the fee value in basis points. In this example, OpenSea fees are 250 basis points, 2.5%, and the creator fees are 500 basis points, 5%. Orders posted to OpenSea must include any applicable fees on the collection.

OpenSea, long the dominant NFT marketplace, has struggled to reverse its fortunes since losing its trading volumes lead. OpenSea's dropoff comes as the competitive landscape — and the business tactics that derive profits — for non-fungible token marketplaces has shifted.

Is OpenSea taking away royalties? ›

Royalty fees fell 12.9% from US$96,430 on Aug. 31, when OpenSea's decision took effect. Simultaneously, creator royalties on Blur, a marketplace that has generated over US$6.27 billion in all-time sales volume, fell to US$31,229 on Thursday, down 96% from a three-month high of US$830,661 recorded on June 27.

OpenSea. OpenSea is the leader in NFT sales. OpenSea has all sorts of digital assets available on its platform, and it's free to sign up and browse the extensive offerings. It also supports artists and creators and has an easy-to-use process if you want to create your own NFT (known as "minting").

Biggest NFT Collectors

One of the most notable NFT collectors was the digital artist known as Beeple (real name Mike Winkelmann), who had made headlines when his NFT artwork sold at auction for a staggering $69 million.

1. The Merge – $91 Million. The most expensive NFT sold is The Merge, the NFT collection created by digital artist PAK that was sold for $91,806,516 within just 48 hours following its release on December 3, 2021, on the NFT marketplace Nifty Gateway.

You can use various crypto wallets to access and use OpenSea such as MetaMask, Bitski, Fortmatic and mobile wallets like Trust Wallet. MetaMask is the best and most popular wallet for using OpenSea and most other dapps.

You could also deploy and mint them all on an L2 and then bridge back to an ETH Mainnet wallet to list them on Opensea. You don't need to bridge because Opensea supports Polygon natively. Deploying 10,000 NFTs on Polygon costs roughly $10, compared to about $5k on Mainnet.

With OpenSea's email-based sign-up, users can create a self-custodied wallet in a few clicks. This wallet empowers users to buy, sell, transfer, and manage both crypto and NFTs directly within the platform and is functional across all nine EVM-based chains supported by OpenSea.