OpenSea, a non-interchangeable token (NFT) trading platform, earned $144.5 million. This figure was achieved even despite the overall market downturn.
If you have not read our earlier news about the OpenSea and WMG deal, we recommend you to read it. Also don't miss the Cyko KO pilot animated release.
It's a good sign both for the company behind OpenSea, OpenSea SLL, and for the millions of NFT creators, holders and people interested in NFT. That said, the company's revenue, according to crypto asset data platform Token Terminal, was $35 million.
Token Terminal also gave an answer to the reasonable question about another $100 million in earnings in its tweet:
It should be noted that the current results are still much lower than last year. Then OpenSea has established an absolute record in the amount of $4.86 billion monthly sales.
Perhaps this is the reason why the OpenSea team is actively looking for partners in the entertainment industry. Thus, for example, was concluded a partnership with Warner Music Group (WMG), under which the platform OpenSea will provide technology and support for the creation and development of Web3 fan communities of certain WMG artists. They will also get early access to new product drops, enhanced discoverability, and personalized storytelling on customized landing pages.
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