OpenSea has introduced a three-hour hold period to identify fraudulent transactions. Despite challenges by emerging platforms, OpenSea continued its dominance in the sector. OpenSea, the world’s largest Non-Fungible Token [NFT] marketplace, has taken steps to safeguard users from hacking incidents on its platform. In a Twitter post on 2 February, OpenSea introduced a grace period […]
OpenSea started its 2023 on a pleasant note with appreciable growth in key performance indicators, per data from Token Terminal. NFT trading volume on the platform shot by 64% over the last 30 days while the investors mopped up revenue gains of over 40% in the same period.
The growth in royalties paid to the creators was impressive, which could entice more enthusiasts to come onto the platform and mint their NFTs. The metric almost doubled in the last one month.While it’s an established fact that OpenSea is the biggest and most popular platform in the NFT marketplace ecosystem, it has seen its share of pie reduced by another emerging platform,
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